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Why The Bitcoin Price Is Staying Above $40,000

The under is from a latest version of the Deep Dive, Bitcoin Magazine’s premium markets e-newsletter. To be among the many first to obtain these insights and different on-chain bitcoin market evaluation straight to your inbox, subscribe now.

The $40,000-plus vary has been a key psychological degree for the bitcoin worth. Since the beginning of 2020, the bitcoin worth has existed at or above $40,000 for 155 days, or 36% of the time. Since all of these 155 days occurred in 2021, the worth has existed at or above $40,000 on 59% of the times of this 12 months. To dig in additional, we will use the UTXO realized worth distribution information to get some higher context on Monday’s worth decline and the way the $43,460 closing worth suits throughout the greater image.

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