Bitcoin (BTC) has exhibited a favorable trajectory thus far in 2023. Additionally, the digital currency is demonstrating itself to be a highly beneficial investment amidst the downturn in the conventional finance domain.
Also read: Inside GDAC Hack: How Hackers Stole $13M in Crypto from South Korea’s Top Exchange
According to the latest data from on-chain analyst Glassnode, the Bitcoin percent of supply that was active over the last 2+ years has just reached an all-time high of 53.004%. This is after the metrics hit an all-time high of 53.003% on April 9, 2023.
Bitcoin puts on an exceptional performance
The digital asset industry experienced a challenging year in 2022, with the finance sector being particularly impacted by macroeconomic factors. Cryptocurrencies were not immune to this trend. However, despite the ongoing challenges in the financial domain, the performance of the crypto market has been noteworthy this year.
The year 2023 was definitely better for Bitcoin in terms of price and performance. BTC has spiked by 69.77% year to date. The king of cryptocurrencies has even outperformed other major altcoins. Bitcoin has also spiked by 41.55% in the last 30 days and is trading at $28,257 at press time. BTC touched a monthly high of $29,159 before falling to its current price of $28,257.