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Blockonomi

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Image Credit: Blockonomi

Bitcoin’s Historic Journey: Breaking the $80,000 Barrier

  • Bitcoin crossed the $80,000 price mark for the first time, reaching a new all-time high with a 5% increase in 24 hours.
  • Bitcoin spot ETFs now hold about 5.21% of total Bitcoin supply with $79 billion in assets under management.
  • Exchange supply decreased to 9% of circulating supply, down from 12% at the start of 2024.
  • Both retail and institutional interest are driving the current rally, unlike previous bull cycles.

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