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 - $117739.531 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: $117739.531

Volume 24h: $65,268,939,883.28

Market Cap: $2,345,656,506,694.92

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 19,922,396. The last known price of Bitcoin is 116,619.23389943 USD and is down -0.25 over the last 24 hours. It is currently trading on 12368 active market(s) with $64,184,977,155.97 traded over the last 24 hours. More information can be found at https://bitcoin.org/.