Bitcoin Short-Term Holders’ Cost Basis Rises to $76,000

Bitcoin (BTC) short-term holders’ cost basis has risen to $76,000, the group’s average break-even level. The short-term holder cost-basis history included a rise from $72,800 on Sept. 24 to $73,700 on Oct. 1. Bitcoin traded at about $83,700 on Oct. 1, above the average break-even level for short-term holders. The measure can rise when coins acquired at higher prices enter the short-term holder group. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost