{"id":38459,"date":"2024-09-26T16:35:01","date_gmt":"2024-09-26T16:35:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-surges-past-65k-to-push-90-of-holders-into-profit\/"},"modified":"2024-09-26T16:35:01","modified_gmt":"2024-09-26T16:35:01","slug":"bitcoin-surges-past-65k-to-push-90-of-holders-into-profit","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-surges-past-65k-to-push-90-of-holders-into-profit\/","title":{"rendered":"Bitcoin surges past $65k to push 90% of holders into profit"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/bitcoin-bull-run-on-etf-news-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/bitcoin-bull-run-on-etf-news-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/bitcoin-bull-run-on-etf-news-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/bitcoin-bull-run-on-etf-news-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>BTC price rose to $65,500 on major exchanges, a 7-week high.<\/li>\n<li>The upside sees most Bitcoin holders in profit, which IntoTheBlock puts at over 90%<\/li>\n<\/ul>\n<p><a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin<\/a> has spiked past $65,000, reaching the highest price level since early August 2024. The surge to the $65k level, with BTC hitting $65,500 on Coinbase, has put more than 90% of Bitcoin holders into profit.<\/p>\n<p>Notably, the surge has other coins looking to break higher. Ethereum has strengthened above $2,600, BNB is above $600 and Solana has jumped to $157.<\/p>\n<figure id=\"attachment_233549\" aria-describedby=\"caption-attachment-233549\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"wp-image-233549 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/09\/BTCUSD_2024-09-26_18-49-43.png\" alt=\"\" width=\"1057\" height=\"545\"\/><figcaption id=\"caption-attachment-233549\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTC\/USD price chart. Source: TradingView<\/a><\/figcaption><\/figure>\n<h2>BTC hits 7-week high<\/h2>\n<p>In recent weeks, Bitcoin had struggled to breach resistance at $60k.<\/p>\n<p>However, once <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-price-jumps-to-a-three-week-high\/\">bulls did<\/a>, the flagship cryptocurrency has run to a seven-week high last seen on August 2, 2024. The coin\u2019s price hit the $65.5k area on most major crypto exchanges to see it retest a level likely to be key for both bulls and bears.<\/p>\n<p>Earlier in the day, on-chain analytics platform IntoTheBlock noted that more than 90% of BTC holders would swing profitable if Bitcoin crossed the $65k.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin is steadily climbing, and with it, the number of holders in profit. <\/p>\n<p>If <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> breaks $65k, well over 90% of holders will be in profit; a level we last saw in July, when Bitcoin ultimately failed to reach a new high. <\/p>\n<p>The question now is: will this time be different? <a href=\"https:\/\/t.co\/hs156tGzfy\">pic.twitter.com\/hs156tGzfy<\/a><\/p>\n<p>\u2014 IntoTheBlock (@intotheblock) <a href=\"https:\/\/twitter.com\/intotheblock\/status\/1839306914985030066?ref_src=twsrc%5Etfw\">September 26, 2024<\/a><\/p>\n<\/blockquote>\n<p>This has happened and with recent profit taking deals in mind, bulls may need further strengthening to continue higher. Short term, the key levels are at $68k and $70k \u2013 which could include a potential retest of the all-time high of $73k reached in March.<\/p>\n<p>Alternatively, bears may take advantage and return prices lower \u2013 a scenario witnessed in July\/early August as BTC declined from highs of $70k.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-surges-past-65k-to-push-90-of-holders-into-profit\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) BTC price rose to $65,500 on major exchanges, a 7-week high. The upside sees most Bitcoin holders in profit, which IntoTheBlock puts at over 90% Bitcoin has spiked past $65,000, reaching the highest price level since early August 2024. The surge [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":38460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38459"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=38459"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38459\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/38460"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=38459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=38459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=38459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}