- The Bitcoin price prolongs its consolidation between a narrow range between $73,000 and $62,500.
- Bitcoin crossed a historic milestone on March 9, 2026, with more than 20 million BTC mined.
- The final satoshi is projected to be mined around the year 2140.
Bitcoin, the leading cryptocurrency, crossed a key monetary threshold of 20 millionth BTC mined, on March 9th. This means 95% of the total supply 21 million BTC has been added to the circulation, leaving 1 million coins to be issued yet. While the event does not have an immediate effect on the Bitcoin price, market participants are celebrating the milestone as it is a reminder to the scarcity model and strengthens the “digital gold” / hard money story.
BTC Nears Maximum Supply as 20M BTC Enter Circulation
On Monday, March 9th 2026, Bitcoin surpassed a symbolic milestone of 20 million coins in circulation, officially mined at block height 939,999.
While the first 20 million coins were mined in the last 17 years, the remaining 1 million BTC, .i,e, 5% of supply at an increasingly slower pace due to the programmed ‘halving’ mechanism. Bitcoin halving is a pre-programmed event that occurs every 210,000 blocks (roughly after four years) which reduces the mining reward for new blocks by 50%.
The mechanism steadily reduces the rate at which new Bitcoins are added to circulation, effectively slowing down the expansion of the total supply. The next halving event is expected to occur in April 2028, which will reduce block reward to 1.5625 BTC.
At this pace, 99% of the total supply is projected to be mined by 2023. The final full BTC is expected to be issued in 2105. However, the very last fractional unit (Satoshi) of BTC will be released by 2140, after which new issuance will cease entirely.
Analysts view the recent milestone as Bitcoin’s status as hard money, contrary to the inflationary fiat currencies.
As block rewards will continue to shrink, the network is shifting to a fee-driven security model, where miners will rely on transactions for revenue.
Bitcoin Price Remains Trapped In Short Consolidation
Following the 20 millionth milestone, the Bitcoin price jumped 4.5% during Monday’s U.S. market hours to trade at $69,054. The uptick kept the asset float in the middle of short-term consolidation trend in daily charts.
Since February 5th, the BTC price has resonated between two horizontal levels of $73,000 and $62,500. This lateral trend within a couple of failed breakout attempts suggest a lack of initiation from buyers or sellers to drive a dynamic move after early year crash.
However, if the buyers manage to strengthen their grip over the asset, the coin price could breach the $73,000 barrier. The post-breakout surge could push the asset 7.3% up before challenging the immediate resistance of a falling channel pattern near $78,338.
A bullish breakout from this barrier would be the key for BTC to drive a sustained recovery ahead.
On the contrary, if sellers force a breakdown below the $62,500 support, the coin price decreases another 10% down to hit $56,000.
Also Read: BitMex CEO Arthur Hayes: $HYPE Could Reach 150 by Aug 2026
