Bitcoin Supply Nears Limit: Price Analysis & US Reserve Effect on Market
- Bitcoin nears its 21 million coin limit, with only 5.5% left to mine.
- U.S. crypto reserve plan increases competition for remaining Bitcoin supply.
- Bitcoin’s price surged 5.51%, reaching $91,676.47 with rising market activity.
Bitcoin is inching closer to its maximum supply of 21 million coins. Around 94.5% of the total has been mined, leaving just 5.5% yet to be extracted. This move spotlights Bitcoin’s built-in scarcity, solidifying its status as a store of value akin to digital gold.
Bitcoin Halving & Supply Crunch Attract Investors
Bitcoin’s limited supply and its upcoming halving event are grabbing attention from investors and institutions. With only a fraction of the supply remaining, the digital currency’s scarcity could push prices higher.
Related: Trump’s Crypto Reserve vs. US Data: Will This Week’s News Drive Bitcoin?
The upcoming halving event is expected to reduce the rate of new Bitcoin entering circulation, potentially ramping up volatility and boosting interest in the cryptocurrency. Historically, similar supply tightenings have been followed by price gains.
US Bitcoin Reserve: A New Demand Factor
Adding another dimensio…
The post Bitcoin Supply Nears Limit: Price Analysis & US Reserve Effect on Market appeared first on Coin Edition.
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Bitcoin Supply Nears Limit: Price Analysis & US Reserve Effect on Market
- Bitcoin nears its 21 million coin limit, with only 5.5% left to mine.
- U.S. crypto reserve plan increases competition for remaining Bitcoin supply.
- Bitcoin’s price surged 5.51%, reaching $91,676.47 with rising market activity.
Bitcoin is inching closer to its maximum supply of 21 million coins. Around 94.5% of the total has been mined, leaving just 5.5% yet to be extracted. This move spotlights Bitcoin’s built-in scarcity, solidifying its status as a store of value akin to digital gold.
Bitcoin Halving & Supply Crunch Attract Investors
Bitcoin’s limited supply and its upcoming halving event are grabbing attention from investors and institutions. With only a fraction of the supply remaining, the digital currency’s scarcity could push prices higher.
Related: Trump’s Crypto Reserve vs. US Data: Will This Week’s News Drive Bitcoin?
The upcoming halving event is expected to reduce the rate of new Bitcoin entering circulation, potentially ramping up volatility and boosting interest in the cryptocurrency. Historically, similar supply tightenings have been followed by price gains.
US Bitcoin Reserve: A New Demand Factor
Adding another dimensio…
The post Bitcoin Supply Nears Limit: Price Analysis & US Reserve Effect on Market appeared first on Coin Edition.
Read More