However, in contrast to the previous occasion when Bitcoin reached the $70,000 region, the current situation presents notable distinctions. The bullish investors now possess a significantly greater likelihood of sustaining the upward trajectory. Julio Moreno, a prominent cryptocurrency analyst and head of research at CryptoQuant, pointed out that the profit margin at the prevailing market prices stands at a mere 3%, in contrast to the substantial 69% observed in mid-March during the previous surge in prices. Stay updated with the latest financial and business news by visiting COINTURK FINANCE.
