Latest news with #BitcoinMagazine
Yahoo
2 days ago
- Business
- Yahoo
Nearly All Bitcoin Wallets Are Now Profitable As BTC Hits $117,500—Here's What History Says Happens Next
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Nearly all of Bitcoin addresses now being in profit has taken on new meaning as the cryptocurrency smashed through to a new all-time high of $117,500 last week. The milestone represents one of the most profitable periods in Bitcoin's 16-year history, but the extreme reading raises important questions about what comes next. The Numbers Behind the Euphoria When Bitcoin Magazine posted a chart last week showing 99.85% of addresses in profit, it captured a rare moment in crypto markets. This metric, which tracks wallets based on their average purchase price, means virtually every Bitcoin investor who has held for any meaningful period is now in the green—a stunning validation of the long-term Bitcoin thesis. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . To put this in perspective, during previous bear markets, this figure dropped as low as 50%-60%, with millions of investors underwater on their positions. The current reading suggests we're experiencing one of the most broadly profitable periods in Bitcoin's history. Breaking Through Previous Barriers Bitcoin's surge past $117,500 marks a significant technical breakthrough from its previous consolidation range. The cryptocurrency has been building strength around the $110,000-$113,000 level for weeks, creating the foundation for this latest move higher. The institutional adoption story continues to drive momentum, with major corporations adding Bitcoin to their balance sheets and spot Bitcoin ETFs seeing consistent inflows. This isn't the retail-driven mania of previous cycles—it's a fundamentally different market structure with deep-pocketed, long-term holders providing support. What Extreme Profitability Really Means The 99.85% profitability metric is both bullish and cautionary. On one hand, it demonstrates Bitcoin's remarkable ability to create wealth for holders across different time horizons. Nearly everyone who bought Bitcoin and held it is now sitting on gains, regardless of when they entered the market. However, extreme profitability readings historically mark inflection points in crypto markets. When the vast majority of holders are profitable, it can signal either the beginning of a true breakout phase or a temporary peak before consolidation. Trending: New to crypto? on Coinbase. The Institutional Difference What makes this cycle unique is the institutional participation. Unlike previous Bitcoin rallies driven primarily by retail speculation, the current environment features corporate treasuries, pension funds, and institutional investors as major players. This creates a different dynamic where extreme profitability might be more sustainable than in previous cycles. The spot Bitcoin ETFs have fundamentally changed the market structure, allowing institutional money to flow into Bitcoin without the complexities of direct custody. This infrastructure wasn't available during previous bull runs, potentially extending the duration of profitable periods. Historical Context and Patterns Bitcoin's ability to maintain such widespread profitability while reaching new highs suggests underlying strength in the market. Previous bull markets often saw rapid corrections when profitability readings reached extreme levels, but the current institutional foundation may provide more stability. The cryptocurrency has demonstrated remarkable resilience, grinding higher without the massive volatility spikes that characterized earlier bull runs. This steady accumulation pattern, combined with the 99.85% profitability metric, paints a picture of a mature market reaching new levels of This Means for Investors For those watching from the sidelines, the current environment presents both opportunity and complexity. The 99.85% profitability metric suggests we're in a genuine bull market, but it also means most of the 'easy money' has already been captured by earlier investors. New investors should approach the market with realistic expectations. While Bitcoin's long-term trajectory remains bullish, entering at historic highs requires careful consideration of risk tolerance and investment timeline. For existing holders, the temptation to take profits is understandable after such gains. However, Bitcoin's history suggests that some of its biggest moves often come after periods of widespread profitability, particularly when supported by institutional adoption. The Path Forward As Bitcoin trades at $117,500 with 99.85% of addresses in profit, we're witnessing a unique moment in cryptocurrency history. The combination of institutional adoption, technical strength, and broad-based profitability creates a foundation that previous Bitcoin bull markets lacked. Whether this extreme profitability reading marks the beginning of an even more powerful upward move or a temporary peak will depend on factors ranging from regulatory developments to global economic conditions. What's certain is that Bitcoin continues to defy expectations, creating wealth for holders while establishing itself as a legitimate asset class. Read Next: Accredited investors can —with up to 120% bonus shares—before this Uber-style disruption hits the public markets Image: Shutterstock This article Nearly All Bitcoin Wallets Are Now Profitable As BTC Hits $117,500—Here's What History Says Happens Next originally appeared on
Yahoo
2 days ago
- Business
- Yahoo
Nearly All Bitcoin Wallets Are Now Profitable As BTC Hits $117,500—Here's What History Says Happens Next
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Nearly all of Bitcoin addresses now being in profit has taken on new meaning as the cryptocurrency smashed through to a new all-time high of $117,500 last week. The milestone represents one of the most profitable periods in Bitcoin's 16-year history, but the extreme reading raises important questions about what comes next. The Numbers Behind the Euphoria When Bitcoin Magazine posted a chart last week showing 99.85% of addresses in profit, it captured a rare moment in crypto markets. This metric, which tracks wallets based on their average purchase price, means virtually every Bitcoin investor who has held for any meaningful period is now in the green—a stunning validation of the long-term Bitcoin thesis. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . To put this in perspective, during previous bear markets, this figure dropped as low as 50%-60%, with millions of investors underwater on their positions. The current reading suggests we're experiencing one of the most broadly profitable periods in Bitcoin's history. Breaking Through Previous Barriers Bitcoin's surge past $117,500 marks a significant technical breakthrough from its previous consolidation range. The cryptocurrency has been building strength around the $110,000-$113,000 level for weeks, creating the foundation for this latest move higher. The institutional adoption story continues to drive momentum, with major corporations adding Bitcoin to their balance sheets and spot Bitcoin ETFs seeing consistent inflows. This isn't the retail-driven mania of previous cycles—it's a fundamentally different market structure with deep-pocketed, long-term holders providing support. What Extreme Profitability Really Means The 99.85% profitability metric is both bullish and cautionary. On one hand, it demonstrates Bitcoin's remarkable ability to create wealth for holders across different time horizons. Nearly everyone who bought Bitcoin and held it is now sitting on gains, regardless of when they entered the market. However, extreme profitability readings historically mark inflection points in crypto markets. When the vast majority of holders are profitable, it can signal either the beginning of a true breakout phase or a temporary peak before consolidation. Trending: New to crypto? on Coinbase. The Institutional Difference What makes this cycle unique is the institutional participation. Unlike previous Bitcoin rallies driven primarily by retail speculation, the current environment features corporate treasuries, pension funds, and institutional investors as major players. This creates a different dynamic where extreme profitability might be more sustainable than in previous cycles. The spot Bitcoin ETFs have fundamentally changed the market structure, allowing institutional money to flow into Bitcoin without the complexities of direct custody. This infrastructure wasn't available during previous bull runs, potentially extending the duration of profitable periods. Historical Context and Patterns Bitcoin's ability to maintain such widespread profitability while reaching new highs suggests underlying strength in the market. Previous bull markets often saw rapid corrections when profitability readings reached extreme levels, but the current institutional foundation may provide more stability. The cryptocurrency has demonstrated remarkable resilience, grinding higher without the massive volatility spikes that characterized earlier bull runs. This steady accumulation pattern, combined with the 99.85% profitability metric, paints a picture of a mature market reaching new levels of This Means for Investors For those watching from the sidelines, the current environment presents both opportunity and complexity. The 99.85% profitability metric suggests we're in a genuine bull market, but it also means most of the 'easy money' has already been captured by earlier investors. New investors should approach the market with realistic expectations. While Bitcoin's long-term trajectory remains bullish, entering at historic highs requires careful consideration of risk tolerance and investment timeline. For existing holders, the temptation to take profits is understandable after such gains. However, Bitcoin's history suggests that some of its biggest moves often come after periods of widespread profitability, particularly when supported by institutional adoption. The Path Forward As Bitcoin trades at $117,500 with 99.85% of addresses in profit, we're witnessing a unique moment in cryptocurrency history. The combination of institutional adoption, technical strength, and broad-based profitability creates a foundation that previous Bitcoin bull markets lacked. Whether this extreme profitability reading marks the beginning of an even more powerful upward move or a temporary peak will depend on factors ranging from regulatory developments to global economic conditions. What's certain is that Bitcoin continues to defy expectations, creating wealth for holders while establishing itself as a legitimate asset class. Read Next: Accredited investors can —with up to 120% bonus shares—before this Uber-style disruption hits the public markets Image: Shutterstock This article Nearly All Bitcoin Wallets Are Now Profitable As BTC Hits $117,500—Here's What History Says Happens Next originally appeared on
Yahoo
03-07-2025
- Business
- Yahoo
If Billionaires Are Buying Bitcoin Hand Over Fist, Why Isn't the Price of Bitcoin Soaring?
After hitting a new all-time high in May, Bitcoin has largely traded sideways for the past month. With billionaires making very public buys of Bitcoin, the price of Bitcoin should be soaring. Long-time Bitcoin investors appear to be selling in order to lock in profits, keeping the market in equilibrium. 10 stocks we like better than Bitcoin › Billionaires are buying as much Bitcoin (CRYPTO: BTC) as they possibly can. Michael Saylor, founder and executive chairman of Strategy (NASDAQ: MSTR), seemingly makes a new Bitcoin purchase every week. Other billionaires are embracing the Bitcoin treasury company model to buy Bitcoin for their companies. In theory, all of that new buying pressure should be sending Bitcoin to the stratosphere. But Bitcoin still trades for less than $110,000, short of its record high of about $112,000. Ever since it hit that all-time high in May, Bitcoin has barely budged. So why isn't the price of Bitcoin soaring? The easiest answer, of course, is macroeconomic uncertainty about the Trump administration's proposed trade tariffs. In April, President Donald Trump promised "90 deals in 90 days," and it's now looking like that's not going to happen. So tariff uncertainty is not going away anytime soon. On top of that, Trump continues to call for lower interest rates, as well as the possible replacement of Jerome Powell as chairman of the Federal Reserve. According to the White House, lowering interest rates is the easiest way to juice the financial markets. Until there's a Fed rate cut, the markets may continue to trade sideways. And don't forget about the One, Big, Beautiful Bill. Even if the bill passes with bipartisan support, not everyone is convinced that it's going to calm financial markets. In fact, it might make financial markets even more uneasy because it would add so much to the U.S. national debt. However, in my opinion, macroeconomic uncertainty seems to be a lazy explanation. Surely, there must be something specific going on in the crypto market that is causing the price of Bitcoin to remain under the $110,000 mark? One possible explanation is that longtime holders of Bitcoin are now taking profits on their crypto positions. According to this logic, investors who bought Bitcoin when it was trading well under $100,000 are now locking in gains. Bitcoin Magazine recently looked into this, and found that some longtime investors started selling as soon as the price of Bitcoin hit $70,000 last year. That's because they were sitting on enormous profits. Some of them bought Bitcoin when it was trading for less than $10,000. Since activity on the Bitcoin blockchain is transparent, crypto investors can see each Bitcoin transaction as it is added to the blockchain. Thus, it's possible to do a bit of deductive sleuthing to see who's buying, and who's selling. In doing so, Bitcoin Magazine found that longtime Bitcoin investors had sold the same amount of Bitcoin as new billionaire investors had acquired, and perhaps even more. Thus, new demand is being matched by new supply (i.e., the Bitcoin being sold back into the market by retail investors). The market is essentially in equilibrium, and the price of Bitcoin can't move higher. It's open to interpretation, of course, why this is happening. Some have suggested that retail investors who bought Bitcoin years ago are now using FOMO (fear of missing out) to sell to financial institutional buyers entering the market. This is the opposite of what usually happens, and is certainly worth a chuckle if nothing else. There's one more wrinkle here. Some investors don't want to invest in spot Bitcoin. Instead, they want to get leverage, and they are doing this by investing in financial derivatives. According to Bitcoin Magazine, money is now flooding into the Bitcoin derivatives market. Money is sloshing around, but not necessarily with any buying of spot Bitcoin. This, too, may be keeping a lid on the price of Bitcoin. The good news, if you're a Bitcoin investor, is that new catalysts are emerging that will encourage billionaires to continue buying Bitcoin. The most important of these is new crypto legislation that is currently making its way to the White House for a final signature by Trump. The piece of legislation that has the greatest potential to send Bitcoin higher is the Clarity Act (officially known as the Digital Asset Market Clarity Act of 2025). This is a proposed U.S. law aimed at establishing a comprehensive regulatory framework for digital assets, including cryptocurrencies. The legislation should, in theory, make it easier for institutional investors to buy and hold Bitcoin. If all goes according to plan, investors should be getting some new clarity on Bitcoin by the end of the summer. The price of Bitcoin may trade sideways until then. But just wait until early fall. If Bitcoin is going to soar this year, that's when it could start to take off. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $697,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $939,655!* Now, it's worth noting Stock Advisor's total average return is 1,045% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Dominic Basulto has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. If Billionaires Are Buying Bitcoin Hand Over Fist, Why Isn't the Price of Bitcoin Soaring? was originally published by The Motley Fool
Yahoo
29-06-2025
- Business
- Yahoo
Build Back Better bill could drop tax on small crypto payments
Build Back Better bill could drop tax on small crypto payments originally appeared on TheStreet. A renewed push to exempt small cryptocurrency transactions from taxation is gaining traction ahead of an imminent Senate vote on amendments to the Build Back Better bill. The Build Back Better Act was introduced in the 117th Congress. This comprehensive social and climate spending plan supports President Joe Biden's economic agenda, investing in renewable energy, healthcare, education, and the family services sector. Beyond social infrastructure, the bill also includes changes to crypto regulation and argue for a tax exclusion on purchases of digital currency under $600, noting that micropayments have the potential to include more individuals in the emerging asset class. For example, Ben Pham, a crypto policy advocate and public figure, posted on X on Saturday night to advocate for a tax exclusion for Bitcoin transactions under $600. "Buying things under $600 with Bitcoin should be tax-free. Let's make it happen!" Pham posted in response to a tweet by Bitcoin Magazine CEO David Bailey, which asked constituents to contact senators ahead of the vote. Bailey said he would have something on a crypto tax amendment that could be a part of proposals taken up as soon as today or pointed out, however, that the proposal's fair adjustments for inflation would be up for debate. One X user, Adam Simecka, wrote, "Why $600 inflationary dollars? That is not how this should be measured," implying that the real value would have eroded due to inflation since the number was proposed years earlier. A crypto tax exemption could signal that U.S. tax law is altering more in relation to digital assets as policymakers discuss the Build Back Better amendments. Build Back Better bill could drop tax on small crypto payments first appeared on TheStreet on Jun 29, 2025 This story was originally reported by TheStreet on Jun 29, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
&w=3840&q=100)
Business Standard
29-05-2025
- Business
- Business Standard
Royalty to sovereign wealth funds, everyone is buying Bitcoin: Eric Trump
Bitcoin, even in small amounts, could be worth a fortune, said Eric Trump, son of US President Donald Trump. Speaking at the Bitcoin 2025 conference in Las Vegas, he claimed that even 0.1 BTC, a fraction of the flagship cryptocurrency, could hold significant value in the near future. Appearing alongside his brother Donald Trump Jr., Eric made a bullish forecast, predicting that the value of Bitcoin would skyrocket in the near future, citing surging global demand and tightening supply. 'Everybody in the world wants Bitcoin,' Eric Trump told a packed audience. 'I do not care where you are—royal families, financial institutions, sovereign wealth funds—everyone is buying Bitcoin. No one wants to get rid of it.' Notably, the flagship cryptocurrency reached a new all-time high of $111,970.17 earlier this month on May 22. This followed nearly four months of sideways consolidation, which led to the cryptocurrency surpassing its previous peak of $109,114.88, set on January 20 this year, reflecting a strong bullish resurgence. Eric emphasised that Bitcoin's increasing scarcity is contributing to its upward trajectory. 'The OTC desks have the least amount of Bitcoin on their books than ever before. The supply is drying up while the price keeps going up,' he said, referring to over-the-counter trading platforms used by institutional investors. JUST IN: ???????? Eric Trump says "everyone in the world wants #Bitcoin, everybody is buying Bitcoin" "0.1 BTC is going to be worth an absolute fortune" ???? — Bitcoin Magazine (@BitcoinMagazine) May 28, 2025 He also highlighted the growing institutional adoption of Bitcoin, pointing to recent moves by companies such as GameStop and Truth Social. 'Twelve months ago, maybe 100 companies had Bitcoin on their balance sheets. Now, every single day, another sovereign wealth fund is jumping in,' Eric added. Eric further noted that the popularity and demand for the well-known cryptocurrency are not restricted to any particular region but span the entire globe. 'This isn't just America. This is the Middle East, Africa, Asia, Fortune 500 companies, private family offices. Everyone wants it as a balance sheet item.' He encouraged new investors not to be discouraged by Bitcoin's high price tag, reminding them that the system was designed for fractional purchases. 'Don't be afraid of the integer. You can buy fractions. That is how Satoshi intended it. We are still so early to the game,' he said, referencing Bitcoin's pseudonymous creator.
