The majority of Bitcoin holdings are currently in a profitable position following the recent rally of the largest cryptocurrency by market capitalization, data from on-chain data provider Glassnode shows. The UTXO Realized Price Distribution (URPD) metric from the data firm puts the proportion of the moneymaking Bitcoin at 81%.What Is UTXO Realized Price Distribution and Why Does It Matter?UXTO is short for unspent transaction output. It can be simply related to the change you receive when you make a purchase. If, for instance, you want to purchase something worth 3 BTC, but your wallet balance is 5BTC, you cannot just pick 3BTC out to make the payment.It is similar to how you just like you cannot just pick $50 out of a $100 bill. For a Bitcoin transaction, the network takes the 5BTC in

New-York based crypto lending startup BlockFi has hired two traditional finance executives in a move to expand both its institutional and consumer-facing products. The company, which announced a $30 million funding round in February, on Tuesday, revealed Wittney Rachlin as its new chief growth officer, and David Olsson is its global managing director.Olsson To Lead BlockFi’s Pushing To Win More Business In EuropeIn the announcement regarding its $30 million funding, the company said it had a clientele of about 50 institutions, adding that it plans to expand that base through an Asian expansion. Olsson, who joins from Credit Suisse, will oversee the growth of the company’s institutional services, including business development, risk management, and sales strategy throughout the European and

Top global assets closed the month of April in the green, with Bitcoin coming through as the best-performing asset of April. BTC was up roughly 34%, rising from the $6,400 range at the start of the month to just over $8,700 on the last day. The S&P 500 gained 12.7% while gold rallied by $6.7% in April. This marks a recovery from the market crash in March when Bitcoin, S&P 500 and gold dropped 26.7%, 12.51% and 0.5% respectively.COVID-19 Outbreak Caused Markets To Pause in March, Recover in AprilJust before the middle of March, global markets started bleeding to the hard-hitting effect of the COVID-19 outbreak. High volatility in the U.S. stock market triggered trading circuit-breakers four times in March. Toward the end of the month, the S&P 500 bottomed out at roughly -35% from its Feb.

Having suffered losses due to the COVID-19 led market onslaught, both Bitcoin and the United States stock market have had a good month. However, one analyst has pointed out how Bitcoin’s recovery has been entirely driven by market forces, while stocks have been rallying on the back of government intervention.
Bitcoin Recovered Without External Intervention
“Take a step back [to] think about how $BTC has almost completely recovered from the 50% drop in March. No limit down or trading halted, no emergency meetings of producers to cut/alter supply and no government pledges to start buying,” crypto analyst and trader Luke Martin wrote in a tweet.
As of market close on April 21, the S&P 500, the index commonly used to gauge the strength of the U.S. stock market, is up by over 22% since

In less than a month, the third Bitcoin block halving, arguably the most anticipated event in the crypto space as of now, will take place. After the halving, the reward that miners receive for verifying transactions and maintaining the Bitcoin network will be cut in half.
In theory, the price of Bitcoin should increase after rewards divvy up, as it means Bitcoin will become even scarcer. Recall these mining rewards are the way new Bitcoin is created, and cutting them in half means that new units of the largest cryptocurrency by market capitalization become harder to reach after the Bitcoin halving event.
Halving: Priced In Or Not
Predictions on how the market will respond post-halving vary among leading crypto analysts. Some, notably crypto commentator PlanB, believe that the market has

Gold has crossed the $1,700 mark for the first time since 2012 as traders and investors seek wealth security in these times of economic uncertainty — headlined by the COVID-19 outbreak. The recent gains in the gold market coincide with pressures on Bitcoin, which has dropped from nearly $7,500 to about $6,800 within seven days.As of writing these lines, gold’s daily high lies at $1,722 following a 16% increase since the monthly low of March 16, 2020, at $1,450.Gold, since 1971. Source:TradingViewRelationship Between Gold and BitcoinAn April 5, report published by fund manager VanEck found that there’s a growing asset correlation trend between gold and Bitcoin. Still, with the prices of the two assets moving in opposite directions recently, the said correlation could be fading away.Gold