Posted 2/12/2024, 11:09:03 AM
Bitcoin Holds Steady Above $48K; Most Holders Now Profitable Ahead of 2024 Halving
- Bitcoin price steady around $48,000, up 11% over last week; 91% of BTC holders now in profit
- Bitcoin market cap around $940 billion - 26% below all-time high of $1.28 trillion in Fall 2021
- Traders buying in 2021 bull run nearing break even point
- Bitcoin halving now 62 days away; trading firms offering guidance on how to prepare
- Ethereum price dropped 1.4% since yesterday to $2,482; traders anticipate Dencon upgrade for faster, cheaper transactions