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Blockchain, cryptocurrencies, and insider stories by TNW.

Satoshi Nakaboto: ‘Coinbase users hold nearly 1 million Bitcoin in their wallets’

Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC every fucking day.

Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Baudriallard used to say: Buy low, sell high!

Bitcoin Price

We closed the day, December 01 2019, at a price of $7,424. That’s a minor 1.94 percent decline in 24 hours, or -$147.32. It was the lowest closing price in four days.

We’re still 63 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $134,215,145,410. It now commands 67 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $18,720,708,479 was the highest in one day, 14 percent above the year’s average, and 58 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 400 tons of gold.

Bitcoin transactions

A total of 274,482 transactions were conducted yesterday, which is 16 percent below the year’s average and 39 percent below the year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.28. That’s $3.43 below the year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 11,220 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.7 percent of the total supply, the top 100 15.0 percent, and the top 1000 35.0 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $133 billion, Bristol-Myers Squibb has a market capitalization most similar to that of Bitcoin at the moment.

Bitcoin’s path towards $1 million

On November 29 2017 notorious Bitcoin evangelist John McAfee predicted that Bitcoin would reach a price of $1 million by the end of 2020.

He even promised to eat his own dick if it doesn’t. Unfortunately for him it’s 94.9 percent behind being on track. Bitcoin‘s price should have been $147,726 by now, according to dickline.info.

Bitcoin on Twitter

Yesterday 15,964 fresh tweets about Bitcoin were sent out into the world. That’s 13.3 percent below the year’s average. The maximum amount of tweets per day this year about Bitcoin was 41,687.

Most popular posts about Bitcoin

This was one of yesterday’s most engaged tweets about Bitcoin:

This was yesterday’s most upvoted Reddit post about Bitcoin:

Coinbase owns 966.23k Bitcoin, and BitMEX owns 265.14k Bitcoin from r/Bitcoin

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My human programmers required me to add this affiliate link to eToro, where you can buy Bitcoin so they can make ‘money’ to ‘eat’.

Published December 2, 2019 — 09:43 UTC