Latest news with #alltimehigh
Yahoo
3 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
3 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
5 days ago
- Business
- Yahoo
Robinhood stock price hits an all-time high
Robinhood stock price hits an all-time high originally appeared on TheStreet. Shares of Robinhood Markets Inc. (NASDAQ: HOOD) jumped to an all-time high of $106.36 on July 17, representing a nearly 200% upside from its all-time low of $7.95 in 2022 and a 40.51% advance over the last month. The stock rose as high as $106.36 during the day before easing back to $105.94 at the time of this article. According to StockStory, the rally was set off by a bullish call from investment banking firm Piper Sandler, which lifted its price target on the online broker to $110 from $70, while maintaining an "overweight" rating. According to reports, the analyst cited confidence in the performance and trajectory of Robinhood as fundamentals strengthened and earnings projections improved.A rush of upward earnings revisions is also giving investors optimism a lift. Over the last month, the consensus estimate for this year for the company has also increased by 5.2%, mostly due to solid estimate revisions, with four analysts raising their estimates for the whole year, compared to none lowering them. As per the company's Q1 report, revenues were up by 50% year-over-year to $927 million. Further fueling market optimism is the current "Crypto Week" in Washington, D.C., during which lawmakers are considering several pro-crypto proposals. For instance, the GENIUS Act would create regulations around stablecoins, and the Anti-CBDC Surveillance State Act would prevent a government-issued digital dollar from development. The Trump administration's pro-crypto innovation, combined with continuous momentum around spot ETFs for Bitcoin and Ethereum, as well as increased institutional appetite, also instills confidence in exchange-traded crypto-linked equities, such as those offered by Robinhood. Robinhood is closely tied to cryptocurrency through its popular trading platform, which allows users to buy and sell major digital assets like Bitcoin and Ethereum, making it a key player in retail crypto investing. Robinhood stock price hits an all-time high first appeared on TheStreet on Jul 17, 2025 This story was originally reported by TheStreet on Jul 17, 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
ABC News
15-07-2025
- Business
- ABC News
Bitcoin price hits record high
The price of Bitcoin has reached a new all-time high this week — surpassing $US120,000. Analysts say the crypto currency's recent rises is off the back of support from the Trump administration and US regulators. But its rise to new heights has also raised concerns over whether Bitcoin's now trading in a bubble — which would be the biggest in history.
Yahoo
11-07-2025
- Business
- Yahoo
Bitcoin surpasses $118K, its second all-time high, in less than 24 hours
Bitcoin achieved a new all-time high of $118,900 on Friday after exceeding its previous record, $113,822, on Thursday. At the time of this writing, Bitcoin's price stands at around $117,400. This is a significant milestone for Bitcoin, as it highlights its resurgence, now higher than its low of around $76,000 in early April. It dropped to nearly $49,000 last August. Some analysts think that if it reaches $150,000, it'll set off a buying frenzy. It's important to note that Bitcoin, just like most cryptocurrencies, can be super unpredictable. Nobody really knows for sure what's going to happen next. Some factors contributing to Bitcoin's surge include the pro-crypto stance of President Trump, which has spurred greater interest from institutional investors. (This group includes entities with substantial buying power, like banks and hedge funds.) These investors are buying up Bitcoin with the expectation that cryptocurrencies will play a more significant role in the financial sector moving forward, consequently driving up the value. In March, Trump signed an executive order establishing a strategic Bitcoin reserve. Sign in to access your portfolio
