Bitcoin's total supply is dwindling, with less than 1.2 million BTC left to mine

From Investing.com

December 24, 2024 1:30:25 pm:

Bitcoin’s total supply is dwindling, with less than 1.2 million BTC left to be mined, highlighting its scarcity and potential for price increase. The upcoming halving event in 2028 will further reduce supply. Experts predict the last Bitcoin will be mined around 2140, maintaining its scarcity for decades.

The Coinbase Premium indicator has dropped to -0.221%, signaling reduced buying pressure from U.S. investors compared to Binance. On-chain data shows USDT leaving exchanges while BTC enters them, with selling pressure in spot markets. Short-term price decline is likely, but no sustained bearish trend is expected.

Bitcoin is currently trading at $94,856.

Read more at Investing.com: Less Than 1.2 Million BTC Left to Mine By U.Today