The Bitcoin Market Faces An Imbalance Between Supply And Demand

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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.

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