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 - $67995.545 supply of 58,109 coins.

Source: tokenpost.com

Related symbols: BTCUSD

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

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Price & Market Data

Price: $67995.545

Volume 24h: $44,114,614,512.09

Market Cap: $1,359,140,585,061.70

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 19,988,587. The last known price of Bitcoin is 66,955.36790632 USD and is down -0.56 over the last 24 hours. It is currently trading on 12559 active market(s) with $45,000,631,239.78 traded over the last 24 hours. More information can be found at https://bitcoin.org/.