Bitcoin Institutional Demand Surges Past $23B, Triggering Supply Shock Concerns

Bitcoin has soared past $104,000 amid the ongoing bull run, driven largely by skyrocketing institutional demand. Bitwise CIO Matt Hougan recently revealed on X that year-to-date (YTD) demand for Bitcoin among public companies, ETFs, and governments now exceeds 227,000 BTCmore than triple the new BTC BTC - $68277.892 supply of 58,109 coins.

Source: tokenpost.com

Related symbols: BTCUSD

2025-05-10 01:17:04 GMT.

Link to source Join our Telegram channel

Price & Market Data

Price: $68277.892

Volume 24h: $44,915,788,294.54

Market Cap: $1,365,477,338,136.70

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,998,590. The last known price of Bitcoin is 70,474.4274769 USD and is down -2.81 over the last 24 hours. It is currently trading on 12571 active market(s) with $46,609,513,822.98 traded over the last 24 hours. More information can be found at https://bitcoin.org/.