Bitcoin purchased between March 9–13 and March 25–29 currently stand at a loss, representing 0.16%, or just six days in the last 3,732 tradable days that did not turn out to be profitable.Bitcoin price chart from February 2024 to date. Source: TradingViewto crypto financial services firm Blockchain.com, Bitcoin purchased between March 9–13 and March 25–29 currently stands at a loss.
Number of days in which holding bitcoin has been profitable, relative to current price. Source: blockchain.com Additionally, Bitcoin’s consistent comebacks from bear markets and subsequent price retention allow the mining community to thrive, contribute to the hash rate, and inadvertently increase the security of the Bitcoin network.The mining community is also strategizing a game plan to remain profitable post-Bitcoin halving despite rewards being slashed in half to 3.125 BTC.