Bitcoin Price Rebound Prospects as BTC Mined Crosses 95% of 21 Million Cap

By Coin Edition
12 days ago
2024 BTC MM APRIL CAP
  • Bitcoin supply has surpassed the 95% milestone as mined issuance reaches 19.95 million BTC.
  • Market sentiment weakened after BTC dropped to $90,000 amid institutional outflows.
  • Scarcity dynamics re-enter focus as miners now produce ~450 BTC per day following the 2024 halving.

Bitcoin slipped to $90,200, pressured by renewed institutional rotation and thin weekend liquidity. The retreat comes as TheBlock data confirmed the network has mined over 19.95 million BTC, pushing issued supply beyond 95% of the hard-coded 21 million cap for the first time.

Network data shows that fewer than 1.05 million BTC remain to be mined. The milestone follows the fourth halving cycle completed in 2023, with the next supply cut scheduled for April 2028.

On-chain data trends also show that 230.09 BTC permanently unspendable due to genesis-era constraints and early script anomalies.

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