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

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 […] source: https://www.cryptoglobe.com/latest/2024/04/incoming-supply-shock-bitcoin-demand-growing-at-unprecedented-pace-as-supply-of-btc-on-exchanges-plunges/