Why Is BTC Pumping? Green Bitcoin Alternative Nears $2 Million In ICO
Crypto markets are in overdrive as Bitcoin (BTC) hammered a new all-time high yesterday, but with cryptocurrencies skyrocketing across the space, why is Bitcoin pumping ahead of Halving? And could Green Bitcoin offer best late-entrant alternative?
The past two years have seen crypto markets weather a tough crypto winter, with crises such as the collapse of FTX and Terralabs sending prices tumbling (in the instance of Bitcoin -77%).
Yet, in a bounce back from rock-bottom at $15,925, Bitcoin price has since recovered to return above $69,000 – a new all-time high – delivering 99.9% of BTC holders to profit.
One way to gauge the profitability of the market for any specific cohorts of #Bitcoin investors is to leverage their on-chain cost basis and compare it with the spot price.
Long-Term Holders
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