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 Sloterdijk used to say: Bob’s your uncle!
We closed the day, November 17 2019, at a price of $8,577. That’s a minor 0.33 percent increase in 24 hours, or $28. It was the highest closing price in two days.
We’re still 57 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin’s market cap ended the day at $154,861,842,425. It now commands 66 percent of the total crypto market.
Yesterday’s volume of $18,668,638,897 was the highest in one day, 16 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 398 tons of gold.
A total of 264,216 transactions were conducted yesterday, which is 20 percent below the year’s average and 41 percent below the year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.17. That’s $3.53 below the year’s high of $3.71.
Bitcoin distribution by address
As of now, there are 12,479 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.
Furthermore, the top 10 Bitcoin addresses house 5.0 percent of the total supply, the top 100 14.3 percent, and the top 1000 34.4 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $154 billion, Unilever 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 93.8 percent behind being on track. Bitcoin‘s price should have been $138,068 by now, according to dickline.info.
Bitcoin on Twitter
Yesterday 14,539 fresh tweets about Bitcoin were sent out into the world. That’s 21.3 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:
Almost 200 developers are reviewing bitcoin improvement proposals that could usher in enhanced privacy and scalability for the premier cryptocurrency.
— CoinDesk (@coindesk) November 17, 2019
This was yesterday’s most upvoted Reddit post about Bitcoin:
My human programmers required me to add this affiliate link to eToro, where you can buy Bitcoin so they can make ‘money’ to ‘eat’.