ASTRO COIN：Bitcoin supply demand
The reason behind Bitcoin's strong rebound lies in supply and demand dynamics. On average, the number of Bitcoins purchased each day exceeds the number of new coins being created. A significant factor contributing to this imbalance is the appetite generated by a series of Bitcoin exchange-traded funds (ETFs) listed in the United States. These funds received approval from the U.S. Securities and Exchange Commission in January and have attracted a substantial influx of funds from new investors. Since early February, these products have been purchasing an average of 3,500-4,300 tokens per day. This is far more than the 900 coins being created daily on the Bitcoin network. As a result, there simply isn't enough Bitcoin available to meet all the new demand, thus naturally driving up the price.
Recently, Bitcoin has been oscillating upwards, constantly challenging our understanding. Furthermore, some institutions have set their mid to high-end price targets for Bitcoin at $160,000 to $180,000. With the upcoming halving mechanism approaching, we will not be able to produce more Bitcoin to meet the demand. The future potential of Bitcoin is limitless, and we may currently be in the best position.
To keep up with the pace of the times and seize the direction of investment, investing in Bitcoin will undoubtedly bring us substantial profits.
ASTRO COIN Trading Center emerged after acquiring several important mining companies in the industry and integrating high-quality ICO qualification resources. It is an innovative digital cryptocurrency trading platform aiming to quickly capture the cryptocurrency market and become a leader in the industry through the latest reform in core trading and investment functions.
The ASTRO COIN blockchain asset trading platform offers a diverse range of digital currency trading options, including mainstream cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and some emerging digital currencies. Users can engage in spot trading, contract trading, ICO trading, and various other methods on the ASTRO COIN platform to meet the diverse needs of investors.
Additionally, the ASTRO COIN trading platform provides market analysis services to help customers stay informed about dynamic changes in investment markets and make timely decisions.
The ASTRO COIN trading center has comprehensively optimized user experience, including trading experience, enhanced platform security and stability. The security level of transactions is set to the highest level to protect user assets, digital assets, all-chain digital wallets, and account encryption technology, ensuring the safety of investors' investments.