For example, even though nominally the circulating supply of Bitcoin (BTC) should be over 18 million coins — as that is how many Bitcoin have been mined since the network’s inception — it is estimated that around 4 million BTC have been permanently lost, placing the true circulating supply closer to 14 million .
Read moreHow does crypto circulating supply affect price?
Cryptocurrency supply and demand The value of anything is determined by supply and demand. If demand increases faster than supply, the price goes up .
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