Posted 1/20/2024, 1:00:24 AM
Major Cryptocurrencies See Historically High Percentage of Supply in Profit
- Bitcoin, Ethereum, and XRP have over 80% of their supplies currently in profit according to analytics firm Santiment
- This profit level is historically high risk compared to the averages between 55-75% since 2018
- Prices can still climb due to positive crypto developments like ETF approvals
- Lower percentage of supplies in profit would signal continued long-term growth
- Santiment says assets last hit this level in March 2022