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Incoming Supply Shock? Bitcoin Demand ‘Growing at Unprecedented Pace’ as Supply of $BTC on Exchanges Plunges

Incoming Supply Shock? Bitcoin Demand ‘Growing at Unprecedented Pace’ as Supply of $BTC on Exchanges Plunges


CryptoGlobe
2024-04-10 01:20:00

Demand for the flagship cryptocurrency Bitcoin ($BTC) is currently “growing at an unprecedented pace,” at a time in which the supply of Bitcoin held on cryptocurrency exchanges has dwindled to record lows, suggesting a potential supply shock that could drive prices higher could soon occur. According to Julio Moreno, Head of Research at cryptocurrency analytics


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