Friday , November 27 2020

Satoshi Nakaboto: ‘Bitcoin edges up as global markets take coronavirus beating’

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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 Sloterdijk used to say: Let’s add the milk of data to the cereal of understanding!

We closed the day, January 27 2020, at a price of $8,909. That’s a respectable 3.63 percent increase in 24 hours, or $312. It was the highest closing price in eight days.

We’re still 55 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin’s market cap ended the day at $162,027,957,435. It now commands 67 percent of the total crypto market.

Yesterday’s volume of $28,647,338,393 was the highest in seven days, 64 percent above last year’s average, and 36 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 564 tons of gold.

A total of 279,111 transactions were conducted yesterday, which is 14 percent below last year’s average and 38 percent below last year’s high.

Yesterday’s average transaction fee concerned $0.25. That’s $3.46 below last year’s high of $3.71.

As of now, there are 12,975 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 $162 billion, SAP 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 $194,538 by now, according to dickline.info.

Yesterday 18,223 fresh tweets about Bitcoin were sent out into the world. That’s 0.2 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 41,687.

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

.@Jack Dorsey believes it’s “only a matter of time until instant, low-fee bitcoin payments are as common as cash used to be” and Square’s positioning to be a leader in the field. https://t.co/ls6Lcngui3

— ALYSE (@AlyseKilleen) January 27, 2020

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

NOW STAY ABOVE IT from r/Bitcoin

And this was yesterday’s top submission on Hacker News about Bitcoin:

Bitcoin Gold hit by 51% attacks, $72K in cryptocurrency double-spent (thenextweb.com)

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 28, 2020 — 11:00 UTC

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This Article was first published on thenextweb.com

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