Satoshi Nakaboto: ‘Bitcoin dips below $10,000 (again), Litecoin crashes’

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 Marie Curie used to say: Yolo!

Bitcoin Price

We closed the day, September 23 2019, at a price of $9,729. That’s a notable 3.36 percent decline in 24 hours, or -$338.63. It was the lowest closing price in twenty-two days.

We’re still 51 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $174,674,558,023. It now commands 69 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $15,144,925,408 was the highest in three days, 1 percent below the year’s average, and 66 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 309 tons of gold.

Bitcoin transactions

A total of 288,035 transactions were conducted yesterday, which is 14 percent below the year’s average and 36 percent below the year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.44. That’s $3.27 below the year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 13,791 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.5 percent of the total supply, the top 100 14.5 percent, and the top 1000 34.3 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $175 Billion, Oracle 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 90.8 percent behind being on track. Bitcoin‘s price should have been $105,862 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 18,065 fresh tweets about Bitcoin were sent out into the world. That’s 4.1 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:

This was yesterday’s most upvoted Reddit post about 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’.

US watchdog preps BitMEX probe over alleged illegal cryptocurrency trade

Cryptocurrency exchange BitMEX is being investigated by the US Commodity Futures Trading Commission (CFTC).

According to Bloomberg , which cites people familiar with the matter, the CFTC is looking into whether BitMEX broke the rules by allowing American customers to trade on the platform, which is not registered with the agency.

The probe is ongoing and it’s worth noting that the regulator’s investigations don’t always lead to allegations of misconduct. The CFTC declined to comment, Bloomberg says.

It comes after BitMEX CEO Arthur Hayes said in an interview in January that the cryptocurrency exchange removed anyone who disregarded company rules barring US residents and nationals.

However, it’s not entirely ludicrous to think that some customers may have been able to mask their real location by using VPNs to assign their device an Internet protocol address from a BitMEX permitted country, Hayes added.

BitMEX, which is mostly famous for offering up to 100x leverage on Bitcoin investment , is registered in the Seychelles, but its main office is located in Hong Kong. The exchange also has another office in San Francisco.

The probe comes as governments and regulators seek to tighten their grasp on Facebook ‘s upcoming Libra and on an industry notorious for scams and fraudulent operations.

Satoshi Nakaboto: ‘Largest derivatives exchange to launch Bitcoin options in Q1 2020’

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 Nightingale used to say: Time is money!

Bitcoin Price

We closed the day, September 20 2019, at a price of $10,181. That’s a minor 0.82 percent decline in 24 hours, or -$84.68. It was the lowest closing price in eight days.

We’re still 49 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $182,738,947,696. It now commands 68 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $14,734,189,639 was the lowest in four days, 4 percent below the year’s average, and 67 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 302 tons of gold.

Bitcoin transactions

A total of 340,778 transactions were conducted yesterday, which is 1 percent above the year’s average and 24 percent below the year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.42. That’s $3.29 below the year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 16,948 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.5 percent of the total supply, the top 100 14.5 percent, and the top 1000 34.3 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $186 billion, Anheuser-Busch InBev 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 90.2 percent behind being on track. Bitcoin‘s price should have been $104,339 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 16,907 fresh tweets about Bitcoin were sent out into the world. That’s 10.7 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:

This was yesterday’s most upvoted Reddit post about 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’.

Hunter Jones

Hunter Jones

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