Although Bitcoin has been unable to challenge $100,000 recently, André Dragosch, head of European research at Bitwise, shared data today pointing out that the...

Although Bitcoin has been unable to challenge $100,000 recently, André Dragosch, head of European research at Bitwise, shared data today pointing out that the illiquid supply of Bitcoin has hit a record high, and the exchange balance has hit a multi-year low. The increased scarcity of Bitcoin in the market means that rising demand may be bullish for Bitcoin in the future. Bitcoin rose strongly after Trump's victory last month, reaching a peak of $99,588 on the 22nd of last month, but then failed to challenge $100,000 and fell back to $90,791 on the 26th of last month. In recent days, it has continued to fluctuate between $95,000 and $98,000, and is currently at $95,383, with...

Although Bitcoin has been unable to challenge $100,000 recently, André Dragosch, head of European research at Bitwise, shared data today pointing out that the illiquid supply of Bitcoin has hit a record high, and the exchange balance has hit a multi-year low. The increased scarcity of Bitcoin in the market means that rising demand may be bullish for Bitcoin in the future. Bitcoin rose strongly after Trump's victory last month, reaching a peak of $99,588 on the 22nd of last month, but then failed to challenge $100,000 and fell back to $90,791 on the 26th of last month. In recent days, it has continued to fluctuate between $95,000 and $98,000, and is currently at $95,383, with...