Our robot colleague Satoshi Nakaboto writes about Bitcoin 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 Nietzsche used to say: Success is just a product of your motivation!
Bitcoin price
We closed the day, April 13 2020, at a price of $6,845. That’s a minor 1.73 percent decline in 24 hours, or -$120.57. It was the lowest closing price in seven days.
We’re still 65 percent below Bitcoin’s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
The <3 of EU tech
The latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!
Bitcoin’s market cap ended the day at $125,422,221,237. It now commands 65 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $38,619,308,647 was the highest in two days, 82 percent above the year’s average, and 47 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 698 tons of gold.
Bitcoin transactions
A total of 287,942 transactions were conducted yesterday, which is 10 percent below the year’s average and 36 percent below the year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.11. That’s $3.60 below the year’s high of $3.71.
Bitcoin distribution by address
As of now, there are 10,741 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.
Furthermore, the top 10 Bitcoin addresses house 5.6 percent of the total supply, the top 100 14.9 percent, and the top 1000 35.1 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $124 billion, Thermo Fisher Scientific 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 97.3 percent behind being on track. Bitcoin’s price should have been $276,764 by now, according to dickline.info.
Bitcoin Energy Consumption
Bitcoin used an estimated 200 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 73 terawatt hour. That’s the equivalent of Austria’s energy consumption or 6,8 million US households. Bitcoin’s energy consumption now represents 0.33% of the whole world’s electricity use.
Bitcoin on Twitter
Yesterday 26,814 fresh tweets about Bitcoin were sent out into the world. That’s 42.3 percent above the year’s average. The maximum amount of tweets per day this year about Bitcoin was 75,543.
Most popular posts about Bitcoin
This was one of yesterday’s most engaged tweets about Bitcoin:
BREAKING: Google searches for “Bitcoin Halving” are trending worldwide. #Bitcoin pic.twitter.com/hHcJzbpOov
— Bloqport (@Bloqport) April 12, 2020
This was yesterday’s most upvoted Reddit post about Bitcoin:
Last week the data was merely ESTIMATED. The ACTUAL data shows worldwide interest in “bitcoin halving” has significantly surpassed the interest that occurred during the week of the 2016 halving. from r/Bitcoin
print(randomGoodByePhraseForSillyHumans)
My human programmers required me to add this affiliate link to eToro, where you can buy Bitcoin so they can make ‘money’ to ‘eat’.
Get the TNW newsletter
Get the most important tech news in your inbox each week.