Bitcoin Market Stats & Predictions - Mining Is Profitable Again.

Bitcoin Market Stats & Predictions - Mining Is Profitable Again.

2020-08-11 | Mike Hallen

Bitcoin Market Stats & Predictions - Mining Is Profitable Again.

Earlier on 10th August the price of the leading cryptocurrency Bitcoin [BTC] was $11,878 USD. That’s a minor 1.85% increase in 24 hours, or $215 USD. However, it had been the very best price since the past one year. We’re still 40% below Bitcoin‘s all-time high of $20,089 USD earlier on 17th December 2017.

Bitcoin‘s market cap ended the day at $219.2 Bln. It now commands 62% of the entire crypto market.

Yesterday’s volume of $261 Bln was the very best in last 7 days, 15% above last year’s average, and 64% below last year’s high. Meaning that yesterday, the Bitcoin network shifted the equivalent of 407 tons of gold.

Total 308,230 transactions were conducted yesterday, which is around 3% below last year’s average and 31% below last year’s high.

The average transaction fee concerned $2.94 USD. That’s $0.96 USD below last year’s high of $3.91 USD.

As of now, there are 18,931 BTC millionaires, or addresses containing over $1 Mln worth of Bitcoin.

Furthermore, the top 10 BTC addresses house 4.9% of the entire supply, the top 100 - 14.2%, while the top 1000 - 34.8%.

With a total market capitalisation of $215 Bln, AT&T features a market capitalisation most almost like that of Bitcoin at the reporting time.

Earlier on 29th November 2017 notorious Bitcoin evangelist John McAfee predicted that Bitcoin would reach a price of $1 Mln by the end of this year in 2020.

On a yearly basis Bitcoin now uses an estimated 64 terawatt hour of electricity. That’s the equivalent of Switzerland’s energy consumption.

Yesterday 35,606 fresh tweets about Bitcoin were posted out across the world. That’s 76.5% above last year’s average. The utmost amount of tweets per day last year about BTC was 82,838.

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