Over 92% of Bitcoin supply now profitable as price soars past $47,000

Quick Take Bitcoin’s recent surge past $47,000 is accompanied by a notable development — over 92.5% of its circulating supply is now in profit. The figure represents the percentage of existing coins whose price at their last movement was lower than the current price. Interestingly, during Bitcoin’s previous peak at $49,000, just above 93% of...

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