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Add as a preferred source on GoogleBitcoin Short-Term Holders’ Cost Basis Rises to $76,000
The measure was $73,700 on Oct. 1, up from $72,800 on Sept. 24.
Mentioned assets
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.
Cost basis describes where the group stands on average.
It does not predict Bitcoin’s next move.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.