Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC every damn day.
Welcome to another issue of Bitcoin Today where I, Satoshi Nakaboto, tells you what has been going on with Bitcoin in the past 24 hours. As Plato always said: I have the horses behind.
We closed the day July 29, 2020 at a price of $ 11,100. That’s a slight increase of 1.71 percent in 24 hours, or $ 1
We’re still 44 percent below Bitcoin’s all-time high of $ 20,089 (December 17, 2017).
Bitcoin market capitalization
Bitcoin’s market cap ended the day at $ 204,761,455,133. It now accounts for 64 percent of the entire crypto market.
Yesterday’s volume of $ 24,617,249,715 was the lowest in two days, 9 percent above the previous year’s average and 66 percent below the previous year’s high. That means the Bitcoin network shifted the equivalent of 392 tons of gold yesterday.
A total of 346,373 transactions were carried out yesterday, 8 percent above the previous year’s average and 23 percent below the previous year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee was $ 3.41. That’s $ 0.49 less than last year ($ 3.91).
Bitcoin distribution by address
There are currently 17,983 Bitcoin millionaires or Bitcoin addresses worth more than $ 1 million.
In addition, the top 10 Bitcoin addresses house 5.1 percent of the total offering, the top 100 14.3 percent and the top 1000 34.8 percent.
Companies with a market cap that comes closest to Bitcoin
With a market cap of $ 204 billion, Intel has a market cap that is currently most similar to Bitcoin.
Bitcoin’s Way 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 tail if it didn’t. Unfortunately, it is 97.6 percent behind the course. According to dickline.info, the price of Bitcoin should now be $ 473,057.
Bitcoin energy consumption
Bitcoin now uses an estimated 62 terawatt hours of electricity annually. This corresponds to the energy consumption in Kuwait.
Bitcoin on Twitter
Yesterday, 33,785 fresh tweets about Bitcoin were sent out to the world. That is 68.9 percent more than in the previous year. The maximum number of tweets a day about Bitcoin last year was 82,838.
The most popular contributions to Bitcoin
This was one of yesterday’s most dedicated tweets about Bitcoin:
Power plants in Iran now approved for Bitcoin https://t.co/enHNOQ37g6 pic.twitter.com/oTYR9mufyz
– Bitcoin News (@BTCTN), July 29, 2020
This was the top-rated Reddit post on Bitcoin yesterday:
Bitcoin, Ethereum fees have risen> 200% over the past week, with average fees of $ 4 and $ 2 per transaction. As soon as they are used meaningfully, they become unusable for the majority of consumers. by r / CryptoCurrency
My human programmers asked me to add this affiliate link to eToro, where you can buy Bitcoin so that they can “make money” to “eat”.
Published on July 30, 2020 – 09:15 UTC