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Approximately 40% of Bitcoin owners are in the red.

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Bitcoin’s price has dropped nearly 55% since its November high. According to new data, approximately 40% of cryptocurrency holders are in the red.

This percentage rises even more when considering short-term investors who bought Bitcoin when the price was at $69,000 six months ago.

Over 15% of all wallets have experienced unrealized losses in the last month alone, as the value of one bitcoin has fallen to $31.5k. The close relationship between the value of bitcoin and Nasdaq quotes also disproves the claim that the cryptocurrency can protect against inflation and market fluctuations.

Analysts at Glassnode also noticed an increase in “term transactions,” which means bitcoin owners are willing to pay a higher price to expedite the sale process.

Bitcoin’s price is expected to drop to $29 thousand per unit in the next 1-3 months, according to experts.

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Oliver Barker

Est né à Bristol et a grandi à Southampton. Il est titulaire d'un baccalauréat en comptabilité et économie et d'une maîtrise en finance et économie de l'Université de Southampton. Il a 34 ans et vit à Midanbury, Southampton.

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