Bitcoin Price Nears $50,000 Milestone Again With 91% Of Addresses Now In Profit

Bitcoin Price Nears $50,000 Milestone Again With 91% Of Addresses Now In Profit


Bitcoin is edging closer to the $50,000 mark after a week of extreme bullish price action, a level not seen since December 2021. Amidst this price surge, the number of Bitcoin addresses in profit has now crossed over 90%.

According to data from IntoTheBlock, 91% of Bitcoin addresses are currently profitable. This means the vast majority of holders and investors have an incentive to continue holding, particularly as the next halving for Bitcoin miners approaches.

91% Of Bitcoin Addresses Now In Profit As Price Nears $50,000

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Bitcoin has had an eventful week in terms of price action. The world’s largest crypto recently grew by 14.4% to reach $48,500 on February 11, its highest point in 26 months. This price spike, although highly welcome, seemed to

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