Bitcoin

Higher

TL;DR 
<ul> 
 <li>Bitcoin surged past $62,000 after the US Fed lowered interest rates, with 88% of holders now in profit.</li> 
 <li>Analysts remain bullish on BTC, predicting further gains if it reclaims the $65,000 resistance level, with optimism growing for an extended bull run.</li> 
</ul> 
<a href="https://cryptopotato.com/wp-content/uploads/2024/09/BTC-Holders_CB.jpg" data-wpel-link="internal"></a> 
<h2 id="the-major-achievement">The Major Achievement</h2> 
Bitcoin’s price witnessed a substantial uptick lately, crossing $62,000 following the long-anticipated pivot from the US Federal Reserve. America’s central bank <a href="https://cryptopotato.com/federal-reserve-announces-0-5-interest-rate-cut-bitcoin-soars-above-60k/" data-wpel-link="internal">lowered</a> interest rates on September 18 for the first time in years, making money-borrowing cheaper and potentially boosting investor interest in risk-on assets such as BTC.&nbsp; 
<a class="editor-rtfLink" href="https://app.intotheblock.com/coin/BTC" target="_blank" rel="noopener" data-wpel-link="external">According</a> to IntoTheBlock, almost 88% of the HODLers are currently sitting on paper profits, while 12% are breakeven. What’s more interesting is that nobody holding the asset is underwater at the moment. 
<figure id="attachment_361106" aria-describedby="caption-attachment-361106" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/09/BTC-Holders.png" data-wpel-link="internal"><img class="wp-image-361106" src="https://cryptopotato.com/wp-content/uploads/2024/09/BTC-Holders.png" alt="BTC Holders" width="917" height="400" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/BTC-Holders.png 291w, https://cryptopotato.com/wp-content/uploads/2024/09/BTC-Holders-50x22.png 50w" sizes="(max-width: 917px) 100vw, 917px"></a>
 <figcaption id="caption-attachment-361106" class="wp-caption-text">
 BTC Holders, Source: IntoTheBlock
 </figcaption>
</figure> 
IntoTheBlock data further shows that 71% of the BTC holders are long-term investors, entering the ecosystem over 12 months ago. 25% have done so in the past year, whereas only 5% hopped on the bandwagon in the last 30 days.&nbsp; 
Another high-ranked cryptocurrency whose holders are predominantly in the green is Tron (TRX). Currently, 94% of its investors are <a href="https://app.intotheblock.com/coin/TRX" data-wpel-link="external" target="_blank">sitting</a> on paper profits, 3.4% are break-even, and only 2.7% are down on their initial investments. 
TRX’s price is slightly down on a weekly scale but well in the green since the start of the year. It trades at around $0.15 as of the moment, meaning a 50% increase since January 1. 
<h2 id="span-data-preserver-spaces-true-is-btc-ready-to-climb-to-higher-ground-span">Is BTC Ready to Climb to Higher Ground?</h2> 
Bitcoin’s resurgence was met with huge enthusiasm from numerous members of the cryptocurrency community, some of whom believe the rally is nowhere near its end. 
X user Jelle <a class="editor-rtfLink" href="https://x.com/CryptoJelleNL/status/1836686189106975176" target="_blank" rel="noopener" data-wpel-link="external">argued</a> that BTC’s “3-day bullish divergence is playing out, and it looks like it ain’t done just yet.” The analyst thinks a “full bull” run could be ignited once the asset reclaims the $65,000 resistance level. “Uptober approaching quickly. Let’s roll,” they concluded. 
Ali Martinez also contributed. He claimed the resumption of the bull market depends on BTC closing above $61,500 on September 18. However, the asset could not achieve that goal, finishing the day at around $60,200. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">#Bitcoin</a> attempts to break through an important trend line. Closing today above $61,500 could signal the resumption of the bull market! <a href="https://twitter.com/hashtag/Uptober?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">#Uptober</a> <a href="https://t.co/CU2a38Jsdh" data-wpel-link="external" target="_blank">pic.twitter.com/CU2a38Jsdh</a> 
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1836475047625560515?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">September 18, 2024</a>
</blockquote> 
The post <a href="https://cryptopotato.com/no-bitcoin-hodler-is-currently-losing-money-data/" rel="nofollow">No Bitcoin HODLer is Currently Losing Money: Data</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

No Bitcoin HODLer is Currently Losing Money: Data

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