Why The Bitcoin Price Is Staying Above $40,000

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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 value 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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