‘Bitcoin market cap rivals China Cell, China’s largest wi-fi service’

Our robotic colleague Satoshi Nakaboto writes about Bitcoin BTC each fucking day.

Welcome to a different version of Bitcoin Immediately, the place I, Satoshi Nakaboto, let you know what’s been happening with Bitcoin prior to now 24 hours. As Jane Didion used to say: Let’s whip up a information omelette!

Bitcoin Worth

We closed the day, November 01 2019, at a worth of $9,261. That’s a minor 0.72 % improve in 24 hours, or $67. It was the very best closing worth in two days.

We’re nonetheless 53 % under Bitcoin‘s all-time excessive of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $166,928,044,164. It now instructions 68 % of the whole crypto market.

Bitcoin quantity

Yesterday’s quantity of $24,324,691,031 was the bottom in seven days, 53 % above the 12 months’s common, and 46 % under the 12 months’s excessive. That signifies that yesterday, the Bitcoin community shifted the equal of 500 tons of gold.

Bitcoin transactions

A complete of 316,057 transactions had been performed yesterday, which is 5 % under the 12 months’s common and 30 % under the 12 months’s excessive.

Bitcoin transaction price

Yesterday’s common transaction price involved $0.56. That’s $3.15 under the 12 months’s excessive of $3.71.

Bitcoin distribution by handle

As of now, there are 13,232 Bitcoin millionaires, or addresses containing greater than $1 million price of Bitcoin.

Moreover, the highest 10 Bitcoin addresses home 5.four % of the whole provide, the highest 100 14.four %, and the highest 1000 34.5 %.

Firm with a market cap closest to Bitcoin

With a market capitalization of $166 billion, China Cell has a market capitalization most just like that of Bitcoin for the time being.

Bitcoin’s path in direction of $1 million

On November 29 2017 infamous Bitcoin evangelist John McAfee predicted that Bitcoin would attain a worth of $1 million by the top of 2020.

He even promised to eat his personal dick if it doesn’t. Sadly for him it’s 92.7 % behind being on observe. Bitcoin‘s worth ought to have been $127,802 by now, in line with dickline.information.

Bitcoin Vitality Consumption

Bitcoin used an estimated 200 million kilowatt hour of electrical energy yesterday. On a yearly foundation that may quantity to 73 terawatt hour. That’s the equal of Austria’s vitality consumption or 6,eight million US households. Bitcoin’s vitality consumption now represents 0.3% of the entire world’s electrical energy use.

Bitcoin on Twitter

Yesterday 17,370 contemporary tweets about Bitcoin had been despatched out into the world. That’s 6.5 % under the 12 months’s common. The utmost quantity of tweets per day this 12 months about Bitcoin was 41,687.

Hottest posts about Bitcoin

This was yesterday’s most engaged tweet about Bitcoin:

This was yesterday’s most upvoted Reddit publish about Bitcoin:

Starbucks to just accept direct Bitcoin funds by means of Bakkt from r/Bitcoin


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Printed November 2, 2019 — 10:16 UTC

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