Cryptocurrency market today, September 8th: Bitcoin surpasses $111,000, supply reaches record lows.

(NLĐO) - Of the 19.9 million Bitcoins currently in circulation, approximately 72% are classified as 'illiquid'.

On the morning of September 7th, according to data from OKX at 9:30 AM, the cryptocurrency market recorded a recovery after a sluggish week of trading.

Over the past 24 hours, the price of Bitcoin (BTC) has increased by more than 3%, rising above $111,200. Other cryptocurrencies also rose simultaneously: Ethereum (ETH) edged up 0.3%, XRP and BNB both increased by more than 2%, and Solana (SOL) rose 2.5%.

Bitcoin price is currently trading above $111,200. Source: OKX

According to CoinDesk, citing data from Glassnode, the amount of "illiquid" Bitcoin – that is, coins held in cold storage wallets or by long-term investors and hardly traded – reached a record 14.3 million units at the end of August. This figure accounts for approximately 72% of the total 19.9 million Bitcoin in circulation.

This reflects the continuing accumulation trend, despite price fluctuations. In mid-August, Bitcoin reached an all-time high of $124,000 before losing about 15%. However, within just one month, an additional 20,000 BTC were added to the "illiquid" category, indicating a steadfast holding sentiment.

According to analysts, increasingly tight supply could fuel a new surge as market confidence improves. In the short term, this development also strengthens Bitcoin's position as a safe and long-term store of value.

Source: https://nld.com.vn/thi-truong-tien-so-hom-nay-8-9-bitcoin-vuot-111000-usd-nguon-cung-khan-hiem-ky-luc-196250908100754287.htm