Crypto Returns Show Short-Term Recovery Signs, Suggests Data
- Santiment tweeted that crypto returns are showing signs of a short-term recovery.
- Data from the analytics firm showed that traders’ assets are mildly over water.
- At press time, the global crypto market cap stands at $1.11 trillion.
The blockchain analytics firm, Santiment, posted a tweet on their official Twitter page (@santimentfeed) this morning stating crypto returns are “beginning to show signs of a short-term recovery in the last 8 hours”.
In the tweet, Santiment went on to warn traders and investors that “cautiousness is advised with average returns positive in 2023,” stating that “markets move up with the highest probability when trader’s assets are under water. Currently, they’re mildly over.”
Although the crypto market was in the overbought range at the time that Santiment posted the tweet, the firm added that crypto assets are not yet in the “Danger Zone.”
At press time, the global crypto market cap has risen 1.65% over the last 24 hours according to CoinMarketCap. As a result, the total crypto market cap stands at $1.11 trillion at press time.
The post Crypto Returns Show Short-Term Recovery Signs, Suggests Data appeared first on Coin Edition.
