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Profit Threshold calculates the point at which your trade will begin to make a profit after trading fees have been taken into consideration. We also reference original research from other reputable publishers where appropriate. Canada's first Bitcoin ETF launches, the Purpose Bitcoin ETF (BTCC).
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In the case of Bitcoin its circulating supply is 17,231,612 BTC and its current value in USD is $6,654.91. Bitcoin price is positively correlated with the top 10 coins by marketcap with a value of 0.460, excluding Tether (USDT) and positively correlated with the top 100 coins by marketcap excluding all stablecoins with a value of 0.373. This makes us confident that Bitcoin has a long way to go before it reaches its peak and can easily appreciate in value over time.
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