Analysis

2019 Bitcoin investors back in profit above $21.8k

2023-01-30
0 0 1 minute read

Buyers who bought Bitcoin in 2019 are again in revenue, in accordance with knowledge analyzed by Glassnode and CryptoSlate. The typical acquisition value could be derived by monitoring trade knowledge and aligning the value of Bitcoin with the time of withdrawals.

The under chart illustrates the typical acquisition value of Bitcoin since its inception.

bitcoin withdrawal price
Bitcoin common withdrawal value

Curiously, the typical historic value isn’t constant throughout exchanges. The typical value for all exchanges sits round $16.7k, whereas Coinbase and Binance are round $21k. With Bitcoin’s value properly above $23.5k, all exchanges are, on common, in revenue. The broader market could welcome such knowledge because it signifies market stress has been diminished.

exchange average price
Bitcoin trade common value

Notably, Bitfinex buyers have a significantly decrease common withdrawal value of round $11,000. Provided that Bitcoin has been above $11,000 since October 2020, such a low value makes it a substantial outlier.

Editor and Producer at CryptoSlate

Often known as Akiba, Liam is a journalist and editor of Blocklight at CryptoSlate. He believes that decentralized ledger know-how has the potential to make widespread optimistic change. He predicts the subsequent 10 years will herald a daybreak of a brand new age of technological innovation.

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Disclaimer: Our writers’ opinions are solely their very own and don’t mirror the opinion of CryptoSlate. Not one of the info you learn on CryptoSlate must be taken as funding recommendation, nor does CryptoSlate endorse any mission which may be talked about or linked to on this article. Shopping for and buying and selling cryptocurrencies must be thought of a high-risk exercise. Please do your individual due diligence earlier than taking any motion associated to content material inside this text. Lastly, CryptoSlate takes no accountability do you have to lose cash buying and selling cryptocurrencies.

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2023-01-30
0 0 1 minute read

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