According to analytics company Glassnode, almost 95% of the crypto market is currently in profit status. AfterAfter Bitcoin (BTC) climbed above $ 55,000 this week, the number of profitable Bitcoin wallets increased by 16%.
Indicator created by Glassnode studio,is designed to display the percentage of addresses on the network whose investments are profitable. To determine the status, the indicator analyzes the purchase price, which is calculated at the moment the coins are transferred to the bitcoin wallet, and then compares it with the actual bitcoin price.
Now there are many ways to determinewhether the market is overbought or oversold. Some cryptocurrency traders track technical indicators such as the Relative Strength Index, some analyze blockchain statistics.
Earlier marginal profits were recorded in May 2021, shortly before the massive sale. Then bitcoin and the entire cryptocurrency market lost about 50% of their value.
Overall, the number of lucrative bitcoin addresses on the network began to grow after a huge leap in late 2020. Today, October 8, Bitcoin is trading at $ 55,300, gaining 1.42% per day.
</p>Where is it more profitable to buy and sell cryptocurrency? TOP-5 exchanges
For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.
The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.
Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?
Rating of cryptocurrency exchanges:
| # | Exchange: | Website: | Rating: |
|---|---|---|---|
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Huobi | https://huobi.com | 7.4 |
| 3 | Exmo | https://exmo.me | 6.9 |
| 4 | OKEx | https://okex.com | 6.5 |
| 5 | Bybit | https://bybit.com | 6.3 |
The criteria by which the rating is set in our rating of crypto-exchanges:
- Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
- Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
- Additional features and services— futures, options, staking, NFT marketplace.
- Feedback and support– we analyze user reviews and the quality of technical support.
- Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- final grade– the average number of points for all indicators determines the place in the ranking.
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