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 Nikola Tesla used to say: We’re on the highway to hell, so let’s ride!
Bitcoin Price
We closed the day, October 29 2019, at a price of $9,427. That’s a minor 1.93 percent increase in 24 hours, or $179. It was the highest closing price in one day.
We’re still 53 percent below Bitcoin’s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin’s market cap ended the day at $169,883,866,262. It now commands 68 percent of the total crypto market.
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 volume
Yesterday’s volume of $28,426,779,937 was the lowest in four days, 81 percent above the year’s average, and 36 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 593 tons of gold.
Bitcoin transactions
A total of 307,820 transactions were conducted yesterday, which is 8 percent below the year’s average and 31 percent below the year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.49. That’s $3.22 below the year’s high of $3.71.
Bitcoin distribution by address
As of now, there are 13,251 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.
Furthermore, the top 10 Bitcoin addresses house 5.4 percent of the total supply, the top 100 14.5 percent, and the top 1000 34.5 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $169 billion, China Mobile 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 92.5 percent behind being on track. Bitcoin’s price should have been $125,963 by now, according to dickline.info.
Bitcoin Energy Consumption
Bitcoin used an estimated 200 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 73 terawatt hour. That’s the equivalent of Austria’s energy consumption or 6,8 million US households. Bitcoin’s energy consumption now represents 0.3% of the whole world’s electricity use.
Bitcoin on Twitter
Yesterday 17,199 fresh tweets about Bitcoin were sent out into the world. That’s 7.5 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 yesterday’s most engaged tweet about Bitcoin:
https://t.co/UGWsYPTg4Z supports @Wikileaks and Julian Assange by committing 10% of our transaction fee income to Wikileaks and Julian’s legal team. This may provide sufficient Bitcoin for his defense and enable Wikileaks to increase its truth-telling capabilities. Stay strong!
— Kim Dotcom (@KimDotcom) October 29, 2019
This was yesterday’s most upvoted Reddit post about Bitcoin:
Bitcoin isn’t a get rich quick scheme, it’s a get free quick scheme. Looking around, it seems like many have forgotten that. 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.