May 2, 2024

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Almost 90% of users earn money with Bitcoins

Almost 90% of users earn money with Bitcoins

Last year's rally allowed the profits of the most popular cryptocurrency wallets to increase by 40%, which is very close to the all-time high.

From hell to heaven. That's what the past year means to him. Bitcoin. The king of cryptocurrencies, which It has revalued approximately 170% since the beginning of last year and is being exchanged for $45,240Passed From being a burden on investors' wallets to filling their pockets.

According to the latest analysis conducted by global cryptocurrency data providers Altindex and Glassnode, Nearly 90% of known Bitcoin addresses are profitable. This means that the vast majority of investors make money using the most popular cryptocurrency, regardless of the amount of those capital gains.

a Bitcoin address It is a unique identification that allows you to send and receive cryptocurrencies. The address receives or sends currency transfers, whether traditional or digital, which makes it… The cryptographic equivalent of joint bank accounts.

Among its features stands out Privacy, security and the freedom to create as many addresses as you want without permission. In addition, they can work both on the network and offline. Connected.

Address and user are not equalSince the same investor can have different portfolios with their own addresses. But in the world of encryption, it is highly private The most accurate way to approximate the current status of investments.

This is the highest percentage of titles in profit since the digital asset reached all-time highs in November 2021.

Moreover, this number represents approx 40 percentage points more than at the beginning of last year, when Bitcoin exchanged hands for just over $16,000. And it can go further, okay The most popular virtual currency is still 33% below its all-time highsas of the end of 2021, when it traded above $64,400 before suffering a major setback with… Crypto winter Which had a long off season.

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'gathering'

Cryptocurrency investors' gains were concentrated, above all, from September until the beginning of the new year. Central banks were behind these increases, with their shift in monetary policy signaling cuts in interest rates For this year; And the The arrival of Bitcoin ETFs in the United Stateswhich promises a strong infusion of institutional investment into assets.

Although the green light for ETFs led to a small correction, validating the markets' dictum of buying on rumors and selling on news, In recent sessions, Bitcoin has regained its gains strongly.

Among other reasons for choosing purchases, experts highlight Possibility of new upward momentum on the horizon: Half. This process occurs when the profit from mining new blocks is reduced by half, meaning miners receive 50% less Bitcoin for verifying transactions, and is expected to take place between April and May this year.

he Half Historically, this has resulted in bullish movements in Bitcoin, which Renewed all-time highs every time the reward miners get for validating cryptocurrency transactions is reduced, which automatically increases the potential value of the cryptocurrency.. For many analysis houses tracking the development of the cryptocurrency market, this may be the support the virtual currency needs to get back on track towards its all-time highs.