Bitcoin’s Wild Ride: How a $5,000 Bet Played Out Over the Last Year
Twelve months ago, you tossed $5,000 into the crypto maelstrom. Was it genius or madness? Let’s break it down.
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The Numbers Don’t Lie (But They Do Hurt)
BTC’s price swings could give a rollercoaster vertigo. If you’d bought at last year’s levels—well, let’s just say your portfolio either needs champagne or therapy.
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Wall Street’s Still Catching Up
While traditional finance debates ‘digital gold,’ Bitcoin keeps rewriting the rules—and laughing all the way to the blockchain. (Take that, hedge fund managers still stuck on 2% yields.)
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The Bottom Line: Crypto Doesn’t Care About Your Feelings
Whether you’re sitting on gains or licking wounds, one thing’s clear: in the crypto casino, the house always wins… until it doesn’t.
Glancing At Bitcoin’s Latest Price Chart
Bitcoin (BTC) managed to rise by 3.17% throughout the past 24 hours. At the time of writing, the king coin was trading at $111,020.13. The asset is only 0.46% below its peak. This slight drop is nothing but a mere correction. The past week has also been incredibly bullish for BTC as it surged by 8.34% during this time.
During this period, the Bitcoin market registered increased liquidations. According to data from Coinglass, throughout the past 24 hours, a total of $229.84 million was liquidated from the BTC market. Amidst this, a staggering $177.79 million short positions and $52.05 million long positions were liquidated.
Returns On A 2024 Investment
Exactly a year ago, the king coin was priced at a low of $70,195. An investment made during that period will certainly rise at today’s price. With Bitcoin presently trading at $111,407.32, an investor who invested $5,000 in the cryptocurrency on May 22, 2024, when it was valued at $70,195, would now see their investment increase to almost $7,933.53. Over the course of a year, this amounts to a gain of over 59%. An investment of a higher magnitude would have brought in much larger gains for the cryptocurrency.
