Bitcoin Demand Surges, Building Momentum Amid Tightening Supply

Quick Summary:

The cryptocurrency market is witnessing a surge in Bitcoin demand, according to blockchain intelligence platform CryptoQuant.

Recent data shows that over-the-counter (OTC) desks have experienced their largest monthly inventory drop of the year, with a decrease of 26,000 BTC in December alone.

As Bitcoin continues to assert itself as a cornerstone of the digital economy, its role in shaping market trends remains unparalleled.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News BITCOIN Bitcoin Demand Surge

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-21 @ 10:34:30 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 507 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 24574675

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 19 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #121

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