Bitcoin (BTC) holders refrain from profit-taking...Further upside potential remains

Source
JH Kim

Summary

  • It was reported that Bitcoin (BTC)'s daily realized profit was tallied at less than $750 million.
  • This figure is much lower than the previous all-time high level of $2 billion.
  • Experts have suggested that BTC may have further room for upside.

On the 12th (local time), cryptocurrency-focused media outlet CoinDesk reported that daily realized profit for Bitcoin (BTC) was under $750 million, far below the January and July peak of $2 billion. This is a change from previous all-time high breakouts, suggesting that BTC still has room for further gains.

Meanwhile, as of 01:38 on the 13th, BTC is trading at $119,547.33 on the Binance Tether (USDT) market, down 0.68% from the previous day.

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JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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