- Bitcoin and Ethereum hit historic profit levels.
- ETH and BTC have yet to sustain uptrends in price.
Bitcoin [BTC] and Ethereum [ETH] have reached historic profit levels despite recent price fluctuations. As profits surged to noteworthy milestones, the number of holders has also steadily risen.
Bitcoin, Ethereum hit historic profit levels
An analysis of Santiment data showed that Bitcoin and Ethereum have achieved historic profit levels.
As of this writing, over 83% of the Bitcoin supply was in profit, although this marked a decline from the 89% observed at the beginning of the year.
Similarly, the Ethereum supply in profit was currently over 84%, slightly down from the over 85% recorded at the start of the year. It’s worth noting that the current profit levels for these assets are historic because the last time such levels were observed was in 2021.
Source: Santiment
More Bitcoin and Ethereum holders keep emerging
An analysis of Bitcoin and Ethereum holders on Santiment showed a parallel growth with the rising supply in profit.
Examining the total number of Bitcoin holders from August 2023 to the present, there has been an addition of over 4 million holders.
As of this writing, the number of BTC holders was almost 53 million. Also, the chart showed an upward trend, signifying an ongoing increase in holders.
Source: Santiment
Similarly, an analysis of the total number of Ethereum holders during the same period showed an increase of over 9 million.
As of this writing, the number of ETH holders was nearly 113 million. Also, like BTC, there was a noticeable upward trend in the chart, indicating a consistent rise in the number of holders.
ETH maintains a bull trend while BTC falls from it
The daily timeframe chart for Ethereum showed recent fluctuations between profits and losses.
Despite this, the price has sustained higher than those observed in the preceding months. As of this writing, Ethereum was trading at around $2,500, experiencing a decline of less than 1%.
Despite this, the Relative Strength Index (RSI) suggests a strong bull trend, with the RSI just below 60.
Source Trading View
In contrast, the daily timeframe chart for Bitcoin reflects a less favorable recent price performance. Trading at around $42,500 as of this writing, Bitcoin has encountered a decline of less than 1%, placing it in a bear zone.
Is your portfolio green? Check out the BTC Profit Calculator
The BTC RSI was below the neutral line, indicating a bearish trend.
CoinMarketCap data revealed that the current circulating supply of Bitcoin was around 19.6 million, while Ethereum’s circulating supply was about 120.1 million.
Source: Trading View
get clomid pills cost of generic clomid for sale clomid price uk how to buy clomiphene without prescription can i get generic clomiphene pills how can i get generic clomiphene without dr prescription cost cheap clomiphene without rx
Thanks for sharing. It’s outstrip quality.
This is the kind of topic I have reading.
order zithromax 500mg for sale – ofloxacin 400mg for sale flagyl online
buy rybelsus 14 mg pills – rybelsus 14 mg usa buy generic cyproheptadine for sale
buy motilium without a prescription – buy domperidone 10mg pill buy flexeril no prescription
propranolol where to buy – order inderal methotrexate for sale online
amoxil medication – brand combivent 100 mcg ipratropium pills
generic azithromycin 250mg – buy tindamax 300mg sale bystolic uk
augmentin 375mg us – atbioinfo.com ampicillin generic
purchase esomeprazole capsules – nexiumtous purchase esomeprazole
coumadin 2mg tablet – cou mamide losartan usa
order mobic 15mg pills – https://moboxsin.com/ mobic cheap
prednisone order online – https://apreplson.com/ cost prednisone 20mg
over the counter ed pills that work – https://fastedtotake.com/ buy ed pills us
how to get amoxicillin without a prescription – https://combamoxi.com/ amoxil tablets
buy diflucan 100mg pill – order diflucan 100mg sale fluconazole 100mg uk
buy generic cenforce for sale – site cenforce 50mg canada
cialis and grapefruit enhance – ciltad gn tadalafil generic headache nausea
ranitidine 300mg generic – https://aranitidine.com/# zantac order online
cialis tadalafil 5mg once a day – https://strongtadafl.com/ buy tadalafil online canada
sildenafil 50mg – https://strongvpls.com/ viagra 50 mg price walmart
The thoroughness in this break down is noteworthy. order nolvadex
Thanks recompense sharing. It’s first quality. https://ursxdol.com/sildenafil-50-mg-in/
More posts like this would add up to the online elbow-room more useful. https://prohnrg.com/
I am actually enchant‚e ‘ to glance at this blog posts which consists of tons of profitable facts, thanks object of providing such data. https://ondactone.com/spironolactone/