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 - $88615.062 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: $88615.062

Volume 24h: $33,298,176,669.17

Market Cap: $1,769,401,834,826.10

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 19,966,868. The last known price of Bitcoin is 87,463.59576879 USD and is up 0.74 over the last 24 hours. It is currently trading on 12504 active market(s) with $21,857,882,190.97 traded over the last 24 hours. More information can be found at https://bitcoin.org/.