At the time of writing, Bitcoin is up a staggering 38% over the past month. So far this year, the world's leading cryptocurrency is up 124%. Bitcoin is now on the verge of hitting $40,000, after weathering a price crash in 2022.
Bitcoin's actual figure is a relatively accurate estimate of the market's average cost basis, which can then be calculated. used to evaluate whether the vast majority of Bitcoin traders are making profits or losses.
As is clear from the quote above, Bitcoin's interest value is currently at around $20,000. However, the actual price of the cryptocurrency is almost double the average market price.
What's even more peculiar is that, although there are many Bitcoin traders currently profitable, there is a distinct lack of selling or buying activity, which highlights investors' confidence in further price increases in the near future. next time. Of course, it's not just Bitcoin.
Apparently, Ethereum is also bullish again. This development, if realized, will further strengthen the awareness of virtual currencies in the near future.
