Articles for tag: Bitcoin, Cryptocurrency market, Investment Strategy, long-term holders, price correction, support levels, wealth increase

Market News

Bitcoin Long-Term Holders Gain $26B as BTC Price Recovers From 30% Correction

In April, Bitcoin’s price skyrocketed from $74,450 to $94,900, resulting in a $26 billion increase in wealth for long-term holders. However, many short-term holders sold at a loss during this period. Bitcoin’s recent 30% correction aligns with historical patterns, suggesting possible support levels around $88,750 and $91,000. As Bitcoin’s supply becomes increasingly profitable, analysts predict ...

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