With the third-ever Bitcoin halving in the history books, the price of the asset is reacting by a notable 13% surge. As a result, the number of profitable days of holding the primary cryptocurrency has increased to over 93%, according to a data monitoring website.
Almost All BTC Positions Are In Profit
Bitcoin’s halving historically attracts a lot of attention. This one was no exception. While there were a lot of predictions that the price would tumble mainly because of miner-induced selling pressure, BTC has so far defied them all, gaining over $1,000 since the halving.
According to a popular cryptocurrency monitoring resource, with the price being where it is now, the number of profitable days holding BTC increased to 93.6% since August 2010. This means that Bitcoin has been in the green in 3329 out of 3558 days.