Bitcoin price surged to a four-month high above $80,600 on Monday, May 4, with the benchmark crypto asset breaching the $80k supply wall amid a broader uptick for risk assets. Most of the intraday gains came after President Donald Trump announced Project Freedom, an effort aimed at escorting foreign cargo ships through the Strait of Hormuz. But BTC’s surge despite the ongoing US-Iran tensions has elevated the number of profit holders to the highest level in over a month. Bitcoin realized profits surge amid BTC gains On-chain data shows the price gains toward $80,000 propelled Bitcoin’s net realized profits to its highest level in over a month. Crypto data and analytics firm Santiment reported that the metric reached 207.
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