‘PayPal, Venmo to offer Bitcoin trading and storage this year’

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 Foucault used to say: Let’s pull this rabbit out the hat!

Bitcoin price

We closed the day, June 22 2020, at a price of $9,648. That’s a respectable 3.73 percent increase in 24 hours, or $347. It was the highest closing price in eleven 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 $177,651,397,437. It now commands 66 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $21,104,009,514 was the highest in five days, 8 percent below last year’s average, and 71 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 374 tons of gold.

Bitcoin transactions

A total of 298,781 transactions were conducted yesterday, which is 6 percent below last year’s average and 33 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.54. That’s $3.36 below last year’s high of $3.91.

Bitcoin distribution by address

As of now, there are 13,532 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.1 percent of the total supply, the top 100 14.4 percent, and the top 1000 34.8 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $176 billion, Toyota 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 97.6 percent behind being on track. Bitcoin‘s price should have been $395,651 by now, according to dickline.info.

Bitcoin energy consumption

Bitcoin used an estimated 165 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 60 terawatt hour. That’s the equivalent of Algeria’s energy consumption or 5.6 million US households. Bitcoin’s energy consumption now represents 0.27% of the whole world’s electricity use.

Bitcoin on Twitter

Yesterday 33,399 fresh tweets about Bitcoin were sent out into the world. That’s 70.2 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 82,838.

Most popular posts about Bitcoin

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

300+ million people will soon be able to buy Bitcoin with PayPal and Venmo.https://t.co/xY3hEVfmdf

— Pomp ? (@APompliano) June 22, 2020

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