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Title: $7.28 Billion in Bitcoin (BTC) in Two Days, Is Market Ready for Biggest Supply Crunch?
In a shocking turn of events, the Bitcoin market has seen a staggering $7.28 billion in transaction volume over the past two days, sparking concerns that the market may be gearing up for its biggest supply crunch yet. This unprecedented surge in demand is expected to put immense pressure on the already limited supply of BTC, potentially leading to a significant increase in prices.
As reported by Godfrey Benjamin, the Bitcoin market is bracing itself for a major shift in the near future. The analyst suggests that the impending reduction in supply mixed with steadily increasing demand could send prices soaring. This prediction is not without its merits, as the recent data indicates that institutional investors have been increasing their interest in the asset.
While it’s difficult to predict the exact trajectory of the market, some experts believe that the current circumstances are primed for a significant upward movement. The unpredictability of the crypto market means that this forecast could change at any moment, however.
However, other experts argue that the unpredictability of the crypto market means that this forecast could change at any moment
Source: u.today
