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 Satoshi Nakamoto used to say: Intelligence is in the eye of the beholder!
We closed the day, January 6 2020, at a price of $7,769. That’s a respectable 4.84 percent increase in 24 hours, or $358. It was the highest closing price in forty-six days.
We’re still 61 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin’s market cap ended the day at $140,976,457,304. It now commands 69 percent of the total crypto market.
Yesterday’s volume of $23,276,261,598 was the highest in two days, 38 percent above the year’s average, and 48 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 462 tons of gold.
A total of 299,011 transactions were conducted yesterday, which is 8 percent below the year’s average and 33 percent below the year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.17. That’s $3.54 below the year’s high of $3.71.
Bitcoin distribution by address
As of now, there are 11,880 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.
Furthermore, the top 10 Bitcoin addresses house 5.8 percent of the total supply, the top 100 15.1 percent, and the top 1000 34.9 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $142 Billion, Amgen 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 95.5 percent behind being on track. Bitcoin‘s price should have been $175,776 by now, according to dickline.info.
Bitcoin on Twitter
Yesterday 16,540 fresh tweets about Bitcoin were sent out into the world. That’s 9.0 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 last day’s most engaged tweets about Bitcoin:
12,580,00 bitcoin have not moved in over a year.
Even with a 70% increase in price during that time, those millions of bitcoin were not moved, sold or likely traded.
Hodlers of last resort are insane. pic.twitter.com/edVDOoJkKK
— Rhythm (@Rhythmtrader) January 6, 2020
This was yesterday’s most upvoted Reddit post about Bitcoin:
And this was yesterday’s top submission on Hacker News 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’.