Since the beginning of the year, Bitcoin has risen from around $40,000 to $73,740 and has set new all-time highs several times. However, the bull run ended abruptly in mid-March: Since then, Bitcoin has been trading at between $60,000 and $70,000.
Many investors recorded high profits thanks to the price explosion in March. However, with the price correction of the last few weeks, some portfolios have lost value again. According to data from The Block, a total of 93 percent of investors are in the black with their investment. You can find out additional information in the current Bitcoin Report.
For comparison: In November 2022, this value was still 47 percent due to the crashed BTC price. In the wake of the FTX implosion, Bitcoin had fallen to as low as $15,000 per “coin”. Anyone who bought at this point can now look forward to a return of over 300 percent.
The recent halving is intended to cause the price to rise further, but also has a major impact on many other areas in the BTC ecosystem. These include mining, transaction fees and the Runes protocol. You can read about what effects can now be expected in the new one Bitcoin Report.
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