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 Albert Einstein used to say: Buy low, sell high!
We closed the day, September 24 2020, at a price of $10,745. That’s a decent 5.06 percent increase in 24 hours, or $518. It was the highest closing price in three days.
We’re still 46 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin‘s market cap ended the day at $198,781,560,095. It now commands 59 percent of the total crypto market.
Yesterday’s volume of $23,017,536,742 was the highest in one day, and 68 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 382 tons of gold.
A total of 316,415 transactions were conducted yesterday, which is 0 percent below last year’s average and 30 percent below last year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $1.45. That’s $2.46 below last year’s high of $3.91.
Bitcoin distribution by address
As of now, there are 17,766 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.
Furthermore, the top 10 Bitcoin addresses house 4.8 percent of the total supply, the top 100 14.1 percent, and the top 1000 34.8 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $199 billion, AT&T 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 $612K behind being on track. Bitcoin‘s price should have been $622,962 by now, according to dickline.info.
Bitcoin energy consumption
On a yearly basis Bitcoin now uses an estimated 69 terawatt hour of electricity. That’s the equivalent of Colombia’s energy consumption.
Bitcoin on Twitter
Yesterday 37,643 fresh tweets about Bitcoin were sent out into the world. That’s 79.8 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 82,838.
Most popular posts about Bitcoin
This was yesterday’s most engaged tweet about Bitcoin:
Gemini, one of the world’s largest cryptocurrency exchanges, has launched in the UK and plans to cash in on the boom in lockdown bitcoin investments https://t.co/7c3f1eTVP7
— WIRED UK (@WiredUK) September 24, 2020
This was yesterday’s most upvoted Reddit post about Bitcoin:
Leaked FinCEN documents reveal that massive banks have transmitted trillions of dollars related to suspicious individuals and known criminals. At the same time, Bitcoin continues to receive the blame for its alleged involvement in criminal activities from r/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’.
Published September 25, 2020 — 08:04 UTC