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 - $89275.827 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: $89275.827

Volume 24h: $35,938,901,888.53

Market Cap: $1,783,707,811,639.80

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 19,979,671. The last known price of Bitcoin is 88,875.34090292 USD and is down -1.27 over the last 24 hours. It is currently trading on 12526 active market(s) with $36,433,724,938.47 traded over the last 24 hours. More information can be found at https://bitcoin.org/.