šŸš€ Bitcoin Updates All-Time High In Momentum Amid Its Scarcity šŸ“ˆ šŸ“‰ Bitcoin touched $69,000 before swiftly retracing to $61,000 amid dwindling supply. Is scarcity the key reason? šŸš€ March 4 saw Bitcoin hitting a new all-time high of $68,869.87, driven partly by scarcity as nearly 50,000 BTC were withdrawn from exchanges in February. šŸ‹ Institutional investors, or "whales," are also contributing to Bitcoin's scarcity, with Glassnode reporting a 4% increase in entities holding at least 1,000 Bitcoins in February. šŸ’¼ Exchange-traded funds (ETFs) have further reduced Bitcoin's available supply, with spot funds holding almost 4% of all unlocked BTC supply. ...