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June is gone and we are (already) halfway through 2020: Bitcoin (BTC) made its way during the first 6 months, going through the highlights of the crisis and, surprising more than one with its resilience. Beginning of July: the time is on the monthly and even quarterly balance sheet. Bitcoin doesn’t have to be ashamed of its performance, quite the contrary. The oldest of the cryptos is in a green zone. The June Whales were noticed by big movements. Will they be more discreet during this month?
A bullish feeling for Bitcoin
Bitcoin kicks off this new month with an attack of $ 9,300 USD todayis July 2020, at the time of writing.
Although the BTC failed to seriously tickle the 10,000 USD in June 2020 and, despite the Black Thursday which made it drop below 4,000 USD, Bitcoin has just recorded the second best performing quarter in its history, with a return of 42.39% over the period.
Moreover, Bitcoin currently outperforms other assets with an annual return of 27.31%.
Data from Glassnode also show another bullish indicator: the number of Whales BTC has surpassed its old ATH of 2017, reaching 1,800 in the past three months.
Bitcoin IRA has also just published the results of a survey of its users: 57% of the 300 respondents said they buy and own Bitcoins with a view to investing for the long term.
43% customers of Bitcoin IRA expect the price of BTC exceeds 15,000 USD, by the end of 2020.
Did June take the Whales with him?
Whales BTC have transferred a total of 122,857 BTC as of June 2020, or more than $ 1,130,000,000. The total transaction fee is $ 2.05.
These whalebone transactions did not, however, cause any significant upheaval in the price of BTC, which has also established a record that we would have done well.
Relativize: vital but difficult to do! Bitcoin still has a long way to go before “never again below 10,000 USD” but in reality, BTC is doing well. Exit the pessimists and other detractors who repeatedly call for the death of the cryptocurrency star.
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Litecoin, welcome in the Silver Age
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