The Bitcoin Market Faces An Imbalance Between Supply And Demand

  • 📰 DailyFX
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The Bitcoin Market Faces An Imbalance Between Supply And Demand

market faces an imbalance between supply and demand, with mining rewards for 900 new bitcoins reduced to 450. Despite spot ETF providers acquiring 60 billion bitcoins, the market is largely supported near the early 60,000 level, with Bitcoin needing to break over the 72,000 mark for a record high. Although unclear, the third quarter of the year's forecast for Bitcoin andis still favorable. In the bitcoin market, there is still an imbalance between supply and demand.

We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 305. in AU

Australia Australia Latest News, Australia Australia Headlines