Hey crypto enthusiasts, here’s the scoop! Bitcoin’s been on a wild ride recently, soaring past $62,000 after the US Federal Reserve decided to cut interest rates for the first time in years on September 18. This move made borrowing money cheaper, sparking a fresh wave of interest in riskier assets like BTC.
According to IntoTheBlock, a whopping 88% of Bitcoin HODLers are basking in paper profits, with the remaining 12% breaking even. The best part? Not a single Bitcoin investor is in the red right now. Talk about a win-win!
Digging deeper, IntoTheBlock reveals that 71% of these BTC fans are long-term believers, having jumped on the crypto train over a year ago. Another 25% joined the party within the past year, and a daring 5% just got their feet wet in the last month.
But Bitcoin isn’t the only star of the show. Tron (TRX) is also making waves, with 94% of its investors enjoying paper profits. Only 3.4% are at break-even, and a tiny 2.7% are feeling a bit blue. Despite a slight dip recently, TRX has surged by 50% since the start of the year, now trading around $0.15.
The Bitcoin resurgence has the crypto community buzzing. One enthusiastic analyst, Jelle, believes BTC’s three-day bullish trend is just getting started and could ignite a full-on bull run once it conquers the $65,000 resistance level. “Uptober is approaching quickly. Let’s roll,” Jelle cheerfully noted.
Another crypto guru, Ali Martinez, mentioned that the bull market could roar back if BTC closed above $61,500 on September 18. Although Bitcoin didn’t quite hit that mark, closing at around $60,200, the excitement remains high.
So, keep those eyes peeled and stay tuned for what’s next in the thrilling world of crypto!
