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 Pasteur used to say: Live, laugh, love!
Bitcoin price
We closed the day, January 20 2020, at a price of $8,657. That’s a minor 0.53 percent decline in 24 hours, or -$46.98. It was the lowest closing price in six days.
We’re still 56 percent below Bitcoin’s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
The 💜 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 $157,327,553,259. It now commands 66 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $26,422,375,678 was the lowest in six days, 52 percent above the year’s average, and 41 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 528 tons of gold.
Bitcoin transactions
A total of 313,509 transactions were conducted yesterday, which is 3 percent below the year’s average and 30 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 12,675 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 $157 Billion, HSBC 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 95.4 percent behind being on track. Bitcoin’s price should have been $188,072 by now, according to dickline.info.
Bitcoin on Twitter
Yesterday 18,586 fresh tweets about Bitcoin were sent out into the world. That’s 2.2 percent above 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:
The numerous sites I created had over a billion users. I know what it takes to bring a billion users to crypto and I’ll have a role in making that happen. The time has come to bring crypto to the masses. The corrupt and outdated financial system has to go.https://t.co/mwAt199kWE
— Kim Dotcom (@KimDotcom) January 20, 2020
This was yesterday’s most upvoted Reddit post about Bitcoin:
Yesterday I was at one of the most important bike expo in Italy and saw this bike for sell. The paper say: “It&aposs possible to pay also with bitcoin”. First time I see this in Italy. 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.