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 Marx always said: Talk to a stranger on a bus!
We closed the day July 23, 2020 at a price of $ 9,581. That’s a slight 0.56 percent increase in 24 hours, or $ 53. It was the highest closing price in twenty-nine days.
Bitcoin market capitalization
Bitcoin’s market cap ended the day at $ 176,680,237,480. It now makes up 63 percent of the entire crypto market.
Yesterday’s volume of $ 18,146,399,002 was the highest in a fortnight, 20 percent below the previous year’s average and 75 percent below the previous year’s high. That means the Bitcoin network shifted the equivalent of 298 tons of gold yesterday.
A total of 336,109 transactions were carried out yesterday, 5 percent above the previous year’s average and 25 percent below the previous year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee was $ 2.38. That’s $ 1.52 less than last year ($ 3.91).
Bitcoin distribution by address
There are currently 13,365 Bitcoin millionaires or addresses with Bitcoin worth more than $ 1 million.
In addition, the top 10 Bitcoin addresses house 5.1 percent of the total offering, the top 100 addresses 14.3 percent and the top 1000 addresses 34.7 percent.
Companies with a market cap that comes closest to Bitcoin
With a $ 178 billion market cap, Abbott Laboratories currently has a market cap that is 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 97.9 percent behind the course. According to dickline.info, the price of Bitcoin should now be $ 459,547.
Bitcoin energy consumption
Bitcoin now uses an estimated 61 terawatt hours of electricity annually. That corresponds to Algeria’s energy consumption.
Bitcoin on Twitter
Yesterday, 27,632 new tweets were sent around the world via Bitcoin. That is 39.5 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:
Steve Wozniak is suing YouTube for ongoing Bitcoin scams https://t.co/oZOSGcf55z pic.twitter.com/uO64Ut2LvH
– The Verge (@verge) July 23, 2020
This was the top-rated Reddit post on Bitcoin yesterday:
Steve Wozniak is suing YouTube for Twitter-like Bitcoin fraud. by r / Bitcoin
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 24, 2020 – 09:45 UTC