40 million Bitcoin addresses profitable

Thanks to the bull rally in recent weeks, more Bitcoin investors than ever are profitable with their investment.

In recent weeks, the Bitcoin price has risen nearly 30 percent. As a result, nearly 40 million addresses are now profitable - a new record.

According to data from Glassnode, about 80 percent of all BTC addresses are in the black.

This is the highest level since November 2021, when Bitcoin was listed at its previous all-time high of $68,789 dollars.

By contrast, the number of addresses in deficit is more than nine million. At its peak in November 2022 - Bitcoin briefly stood at $15,000 - the total number was in the red at 20 million addresses.

At the time of writing, Bitcoin is trading at $34,257, down 1.44 percent in the past 24 hours.

Since Bitcoin's rise, the search volume increased 110% worldwide.