In the Money
Bitcoin, the number one cryptocurrency by market value is trading at around $9,852.22 – up nearly 160 percent from the March 12th low of $3,867, according to CoinDesk.
About 85 percent (25.79 million) of the addresses holding the cryptocurrency are now in the money, 10.8 percent (3.28 million) of the addresses are out of the money and the remaining 4.1 percent (1.24 million) are at the money, according to the report (citing data from blockchain intelligence firm IntoTheBlock). An address is “in the money” if the current price of bitcoin is higher than the price at which the coin was purchased or sent to the address. It is “out of the money” if the address acquired coins at an average price higher than the current market price and it is “at the money” if the average acquisition price is on par with current market levels.
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Last Updated on May 8, 2020 by Ramin Seddiq