Currencies34809
Market Cap$ 4.02T-0.16%
24h Spot Volume$ 41.88B-43.1%
DominanceBTC54.64%-0.11%ETH12.81%-0.09%
ETH Gas0.16 Gwei
Cryptorank

Bitcoin Correction Could Deepen Before Recovery as Only 9% of Supply at Loss


by Martin Young
for CryptoPotato
Bitcoin Correction Could Deepen Before Recovery as Only 9% of Supply at Loss

Only around 9% of the Bitcoin supply is currently in the red, carrying up to 10% unrealized losses, according to Glassnode.

Comparatively, the local bottom of this cycle saw more than 25% of supply at up to 23% losses, the analysts noted. BTC fell to around $75,000 on April 9 in a correction that took it down 29% from its January peak.

Read the article at CryptoPotato

Read More

Bitcoin Was Easy to Sell, But Ethereum Took Years to Convince Institutions: Here’s Why

Bitcoin Was Easy to Sell, But Ethereum Took Years to Convince Institutions: Here’s Why

Explaining Ethereum was never simple. From DeFi to real-world assets, ETH demanded ed...
Wall Street’s Bitcoin Grab: Public Firms Now Control Over 1 Million BTC

Wall Street’s Bitcoin Grab: Public Firms Now Control Over 1 Million BTC

Corporate Bitcoin stash hits 1,000,000 BTC milestone, but transaction fee drought spa...

Bitcoin Correction Could Deepen Before Recovery as Only 9% of Supply at Loss


by Martin Young
for CryptoPotato
Bitcoin Correction Could Deepen Before Recovery as Only 9% of Supply at Loss

Only around 9% of the Bitcoin supply is currently in the red, carrying up to 10% unrealized losses, according to Glassnode.

Comparatively, the local bottom of this cycle saw more than 25% of supply at up to 23% losses, the analysts noted. BTC fell to around $75,000 on April 9 in a correction that took it down 29% from its January peak.

Read the article at CryptoPotato

Read More

Bitcoin Was Easy to Sell, But Ethereum Took Years to Convince Institutions: Here’s Why

Bitcoin Was Easy to Sell, But Ethereum Took Years to Convince Institutions: Here’s Why

Explaining Ethereum was never simple. From DeFi to real-world assets, ETH demanded ed...
Wall Street’s Bitcoin Grab: Public Firms Now Control Over 1 Million BTC

Wall Street’s Bitcoin Grab: Public Firms Now Control Over 1 Million BTC

Corporate Bitcoin stash hits 1,000,000 BTC milestone, but transaction fee drought spa...