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Satoshi Nakaboto: ‘Bitcoin consolidates just above $8,000’

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Blockchain, cryptocurrencies, and insider stories by TNW.

Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC 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 Marcus Aurelius used to say: We’re on the highway to hell, so let’s ride!

We closed the day, January 12 2020, at a price of $8,192. That’s a minor 1.98 percent increase in 24 hours, or $159. It was the highest closing price in fifty-three days.

We’re still 59 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin’s market cap ended the day at $148,752,956,966. It now commands 69 percent of the total crypto market.

Yesterday’s volume of $22,903,438,381 was the lowest in six days, 34 percent above the year’s average, and 49 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 460 tons of gold.

A total of 282,985 transactions were conducted yesterday, which is 13 percent below the year’s average and 37 percent below the year’s high.

Yesterday’s average transaction fee concerned $0.12. That’s $3.59 below the year’s high of $3.71.

As of now, there are 12,143 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.8 percent of the total supply, the top 100 15.1 percent, and the top 1000 34.9 percent.

With a market capitalization of $149 Billion, NVIDIA has a market capitalization most similar to that of Bitcoin at the moment.

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 95.4 percent behind being on track. Bitcoin‘s price should have been $180,944 by now, according to dickline.info.

Yesterday 14,383 fresh tweets about Bitcoin were sent out into the world. That’s 20.8 percent below the year’s average. The maximum amount of tweets per day this year about Bitcoin was 41,687.

This was one of last day’s most engaged tweets about Bitcoin:

From Brian Armstrong, CEO @Coinbase. True visionary. #bitcoin #decentralized #blockchain https://t.co/D40aGY0SjK

— Tim Draper (@TimDraper) January 12, 2020

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

This is the kind of logic bitcoin is up against. 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’.

Published January 13, 2020 — 09:57 UTC

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This Article was first published on thenextweb.com

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