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 Planck used to say: Yolo!
Bitcoin Price
We closed the day, October 21 2019, at a price of $8,243. That’s a minor 0.22 percent increase in 24 hours, or $18. It was the highest closing price in six days.
We’re still 58 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin’s market cap ended the day at $148,432,733,155. It now commands 67 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $15,868,748,866 was the highest in four days, 3 percent above the year’s average, and 64 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 332 tons of gold.
Bitcoin transactions
A total of 351,632 transactions were conducted yesterday, which is 4 percent above the year’s average and 22 percent below the year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.07. That’s $3.64 below the year’s high of $3.71.
Bitcoin distribution by address
As of now, there are 12,033 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.
Furthermore, the top 10 Bitcoin addresses house 5.6 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 $148 billion, HSBC 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 93.2 percent behind being on track. Bitcoin‘s price should have been $121,190 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 16,282 fresh tweets about Bitcoin were sent out into the world. That’s 12.4 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’.
Satoshi Nakaboto: ‘Bitcoin hits lowest price in 195 days’
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 Faraday used to say: We’re on the highway to hell, so let’s ride!
Bitcoin Price
We closed the day, November 24 2019, at a price of $7,047. That’s a notable 4.74 percent decline in 24 hours, or -$350.71. It was the lowest closing price in one hundred and ninety-five days.
We’re still 64 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin’s market cap ended the day at $127,327,398,565. It now commands 67 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $30,433,517,289 was the highest in one day, 87 percent above the year’s average, and 32 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 649 tons of gold.
Bitcoin transactions
A total of 267,237 transactions were conducted yesterday, which is 19 percent below the year’s average and 40 percent below the year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.20. That’s $3.51 below the year’s high of $3.71.
Bitcoin distribution by address
As of now, there are 10,771 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 14.7 percent, and the top 1000 34.7 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $127 billion, United Technologies Corporation 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 95.1 percent behind being on track. Bitcoin‘s price should have been $142,816 by now, according to dickline.info.
Bitcoin on Twitter
Yesterday 17,253 fresh tweets about Bitcoin were sent out into the world. That’s 6.5 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 one of yesterday’s most engaged tweets 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’.
Bezos and Musk’s internet-from-space race is back on
OneWeb, the satellite startup once pegged as the leader in the race to beam high-speed internet from space, has filed for bankruptcy and blamed the coronavirus (COVID-19) pandemic for its collapse.
The London-based firm announced it had let go most of its staff after talks to secure additional funding fell through. The Financial Times noted OneWeb had previously sought up to $2 billion to see it through its commercial launch — before COVID-19 impacted economies worldwide.
“While [OneWeb] was close to obtaining financing, the process did not progress because of the financial impact and market turbulence related to the spread of COVID-19,” said the company in a statement .
OneWeb couldn’t convince SoftBank to reinvest
Across an eight-year history, OneWeb managed to successfully launch 74 of its 650 planned satellites — an impressive feat for a startup.
It raised $3.4 billion in total , led by Japan’s embattled tech giant SoftBank. Other repeat investors included Qualcomm Technologies and the government of Rwanda.
It’s mission was to provide rural and under-connected parts of the world — like Rwanda — with reliable high-speed, low-latency internet access using a constellation of low-orbit (LEO) satellites.
The firm says early system demonstrations showed it was capable of providing broadband speeds in excess of 400 Mbps, with latency of 32ms. Current average download speeds in the US are just 137 Mbps for fixed broadband, according to Ookla.
OneWeb wasn’t the only one inspired to flood Earth’s orbit with internet-beaming satellites. Canadian telecoms provider Telesat also wants launch hundreds of its own, and while not exactly the same thing, we can’t forget Google’s audacious balloon concept Project Loon .
Bezos and Musk are locked in their own space race
However, the real action is with the world’s richest tech moguls. Elon Musk‘s rocket company SpaceX has its ambitious Starlink , which seeks to send almost 12,000 satellites into low orbit (NB: that number could even be as high as 42,000 ). Users would buy terminals from SpaceX, which would connect their devices to its space-powered internet.
So far, Starlink has sent about 300 satellites above Earth, and reportedly still has plans to expand coverage throughout 2020 and offer high-speed internet services at a discount price.
Similarly, Jeff Bezos‘ Project Kuiper is ramping up plans to shoot more than 3,500 satellites into (low) orbit, but is yet to launch any.
In other Bezos rocket news, his space exploration firm Blue Origin just revealed that the US government had granted it a coronavirus lockdown exemption and would continue operating amid the global COVID-19 pandemic.
Hard Fork has reached out to the SpaceX competitor to learn more about how Project Kuiper fits into those exemptions, if at all, and will update this piece should we receive a reply.
