Bitcoin Statistics Statistics: Market Data Report 2024 (2024)

GITNUX REPORT 2024

Dive into the world of Bitcoin: $600B market cap, capped supply, lightning speed transactions.

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

The total number of Bitcoins in circulation is capped at 21 million

Statistic 2

As of January 2021, over 88% of Bitcoins have already been mined

Statistic 3

Over 46 million global users own Bitcoin

Statistic 4

Approximately 18.7 million Bitcoins have been mined as of June 2021

Statistic 5

The pseudonymous creator of Bitcoin, Satoshi Nakamoto, is estimated to own around 1 million Bitcoins

Statistic 6

In 2020, grayscale investments purchased over 2% of Bitcoin's total supply

Statistic 7

There are over 2,032 cryptocurrencies currently traded in the market

Statistic 8

Over 18 million Bitcoins have been mined since 2009

Statistic 9

Over 9% of all circulating Bitcoins are held by long-term investors

Statistic 10

Bitcoin's current annual inflation rate is approximately 1.8%

Statistic 11

Over 60% of Bitcoin's total supply has not moved in over a year

Statistic 12

Bitcoin's current market capitalization is over $600 billion

Statistic 13

Bitcoin's dominance in the cryptocurrency market is over 40%

Statistic 14

Over $15 billion worth of Bitcoin is held in corporate treasuries

Statistic 15

Bitcoin's market dominance has fluctuated between 35% and 70% in the past five years

Statistic 16

Grayscale Bitcoin Trust (GBTC) holds over 650,000 Bitcoins

Statistic 17

Bitcoin's average daily trading volume is over $60 billion

Statistic 18

Bitcoin's dominance in the cryptocurrency market capitalization is over 50%

Statistic 19

Bitcoin's 24-hour trading volume has peaked at over $60 billion

Statistic 20

Bitcoin's dominance in the crypto market has been over 60% for most of 2021

Statistic 21

Bitcoin's average transaction fee is around $10

Statistic 22

Approximately 6 new Bitcoins are created every 10 minutes through mining

Statistic 23

The Lightning Network can process over 30,000 Bitcoin transactions per second

Statistic 24

Over 100,000 merchants worldwide accept Bitcoin as a form of payment

Statistic 25

The first Bitcoin ATM was installed in Vancouver, Canada in 2013

Statistic 26

Over 18,000 Blockchain companies operate globally

Summary

• Bitcoin's current market capitalization is over $600 billion
• The total number of Bitcoins in circulation is capped at 21 million
• As of January 2021, over 88% of Bitcoins have already been mined
• Bitcoin's block size limit is 1MB
• Bitcoin's all-time high price was $64,863.10 on April 14, 2021
• Over 46 million global users own Bitcoin
• The first Bitcoin transaction occurred on May 22, 2010, when Laszlo Hanyecz paid 10,000 BTC for two pizzas
• Bitcoin's average transaction fee is around $10
• Approximately 6 new Bitcoins are created every 10 minutes through mining
• The Lightning Network can process over 30,000 Bitcoin transactions per second
• Over 100,000 merchants worldwide accept Bitcoin as a form of payment
• Bitcoin's energy consumption is equivalent to that of the country of Argentina
• Approximately 18.7 million Bitcoins have been mined as of June 2021
• The first Bitcoin ATM was installed in Vancouver, Canada in 2013
• Over 18,000 Blockchain companies operate globally

Bitcoin – the digital sensation that keeps the financial world buzzing faster than you can say crypto crazy! With a market capitalization soaring over $600 billion and a limited supply of 21 million coins, Bitcoin has cemented its place as the leader of the decentralized universe. From its humble beginnings with two pizzas valued at 10,000 BTC to its jaw-dropping all-time high price of $64,863.10, this cryptocurrency juggernaut has left a trail of innovation, speculation, and intrigue in its wake. So, grab your virtual seatbelt and hold on tight as we dive into the wild world of Bitcoin, where the numbers speak louder than words.

Bitcoin Circulating Supply

The total number of Bitcoins in circulation is capped at 21 million
As of January 2021, over 88% of Bitcoins have already been mined
Over 46 million global users own Bitcoin
Approximately 18.7 million Bitcoins have been mined as of June 2021
The pseudonymous creator of Bitcoin, Satoshi Nakamoto, is estimated to own around 1 million Bitcoins
In 2020, grayscale investments purchased over 2% of Bitcoin's total supply
There are over 2,032 cryptocurrencies currently traded in the market
Over 18 million Bitcoins have been mined since 2009
Over 9% of all circulating Bitcoins are held by long-term investors
Bitcoin's current annual inflation rate is approximately 1.8%
Over 60% of Bitcoin's total supply has not moved in over a year

Interpretation

In the whirlwind world of cryptocurrencies, where magic internet money meets the fascination of finite numbers, Bitcoin dances to the beat of its own blockchain. With a theatrical cap of 21 million coins and over 88% of the glittering tokens already plucked from the virtual mines, it seems Bitcoin is a rare gem indeed. The enigmatic Satoshi Nakamoto, the phantom behind the cryptographic curtain, is said to hold a trove of around 1 million Bitcoins, adding to the intrigue of this techno-monetary spectacle. As the market swells with over 46 million global owners scrambling for a piece of the digital pie, it's no wonder that over 18 million Bitcoins have been unearthed since this rollercoaster ride began. Long-term hodlers clutch their digital assets like precious artifacts from a future civilization, while the ghostly specter of over 60% of Bitcoin's supply remains eerily dormant, frozen in time like digital amber. In this narrative of code and coin, where grayscale knights wield vast sums of wealth to poach a dragon's hoard and over 2,032 digital currencies jostle for relevance in the cryptosphere, one thing is certain - the saga of Bitcoin is far from over.

Bitcoin Market Capitalization

Bitcoin's current market capitalization is over $600 billion
Bitcoin's dominance in the cryptocurrency market is over 40%
Over $15 billion worth of Bitcoin is held in corporate treasuries
Bitcoin's market dominance has fluctuated between 35% and 70% in the past five years
Grayscale Bitcoin Trust (GBTC) holds over 650,000 Bitcoins
Bitcoin's average daily trading volume is over $60 billion
Bitcoin's dominance in the cryptocurrency market capitalization is over 50%
Bitcoin's 24-hour trading volume has peaked at over $60 billion
Bitcoin's dominance in the crypto market has been over 60% for most of 2021

Interpretation

With Bitcoin's market capitalization soaring to over $600 billion, it's clear that this digital currency is not just a passing trend but a formidable force to be reckoned with in the financial world. Dominating over 40% of the cryptocurrency market, holding over $15 billion in corporate treasuries, and fluctuating in market dominance between 35% and 70% in the past five years, Bitcoin's rise seems unstoppable. With the Grayscale Bitcoin Trust (GBTC) holding a massive 650,000 Bitcoins, daily trading volumes exceeding $60 billion, and peaking at over $60 billion in 24 hours, Bitcoin's dominance in the crypto market is a force that cannot be ignored. So, for those still skeptical about Bitcoin's staying power, perhaps it's time to reevaluate, as it seems it's here to stay, taking over 50% of the crypto market capitalization and holding strong with over 60% dominance throughout most of 2021.

Bitcoin Network Growth

Bitcoin's average transaction fee is around $10
Approximately 6 new Bitcoins are created every 10 minutes through mining
The Lightning Network can process over 30,000 Bitcoin transactions per second
Over 100,000 merchants worldwide accept Bitcoin as a form of payment
The first Bitcoin ATM was installed in Vancouver, Canada in 2013
Over 18,000 Blockchain companies operate globally
Over 9,000 Bitcoin nodes are active globally
The first Bitcoin exchange, BitcoinMarket.com, was established in March 2010
Bitcoin's white paper was published by Satoshi Nakamoto on October 31, 2008
Bitcoin's Genesis Block was mined on January 3, 2009
The highest daily transaction count for Bitcoin was recorded on December 14, 2017, with over 490,000 transactions
Over 46 million unique addresses have been created on the Bitcoin network
The Lightning Network has surpassed 18,000 nodes and 66,000 payment channels
The number of Bitcoin ATMs worldwide has surpassed 22,000
The total number of Bitcoin transactions has exceeded 600 million
The average Bitcoin transaction size is around 10,000 bytes
The Lightning Network has facilitated over 40,000 payment channels
More than 2.7 million Bitcoins are held in decentralized finance (DeFi) platforms
Bitcoin's mempool size can reach up to 80MB during times of high network activity
The number of active Bitcoin wallets has surpassed 40 million
The Bitcoin blockchain size is over 330 GB as of July 2021
The total number of Bitcoin addresses with a balance of at least 0.01 BTC is over 12 million
Bitcoin's record high daily active addresses is around 1.3 million
The Bitcoin network has processed over 700 million transactions since its inception
The average Bitcoin transaction fee is currently around $7.50
The Lightning Network has a capacity of over 2,700 Bitcoin
Over 100 banks have shown interest in digital asset custodian services, including Bitcoin
The number of Bitcoin wallets holding at least 0.1 BTC has surpassed 3 million
The Lightning Network has enabled over 18,000 Bitcoin nodes and 59,000 open payment channels
The largest Bitcoin transaction ever recorded was over 194,993 BTC
Bitcoin's average block size is currently around 1.25 MB
The Lightning Network has achieved a capacity of over 1,500 BTC in its first year of operation
Bitcoin's technology has inspired the creation of over 10,000 other cryptocurrencies
The total number of on-chain Bitcoin transactions is over 500 million
The Lightning Network has facilitated over 260 million transactions to date
The number of active Bitcoin addresses has reached over 1.2 million per day
Bitcoin's 24-hour transaction count has exceeded 300,000 transactions on multiple occasions

Interpretation

Bitcoin, the enigmatic digital currency whose origin story is as mysterious as its potential, has become a force to be reckoned with in the financial world. From its humble beginnings with the first Bitcoin exchange in 2010 to the Lightning Network's lightning-fast processing capabilities today, Bitcoin has carved out a significant presence in global commerce. With over 100,000 merchants accepting Bitcoin, 18,000 Blockchain companies operating worldwide, and a record-breaking 700 million transactions under its belt, Bitcoin's journey is a testament to the power of decentralized finance. As the average transaction fee fluctuates around $7.50, and with more than 40 million active wallets in circulation, Bitcoin continues to captivate both investors and tech enthusiasts alike. The Lightning Network's ability to facilitate over 260 million transactions, alongside the growing interest from major banks in digital asset custodian services, underscores Bitcoin's enduring relevance in a rapidly evolving digital landscape. As the number of on-chain Bitcoin transactions surpasses 500 million, it's clear that Satoshi Nakamoto's vision for a peer-to-peer electronic cash system is well on its way to reshaping the future of money.

Bitcoin Network Security

Bitcoin's block size limit is 1MB
Bitcoin's energy consumption is equivalent to that of the country of Argentina
Bitcoin's hash rate reached an all-time high of over 180 million TH/s in May 2021
The processing power of the Bitcoin network is over 100,000 times larger than the world's top 500 supercomputers combined
The average age of unspent transaction outputs (UTXOs) on the Bitcoin network is around 6 months
Bitcoin's hashrate has grown by over 500% in the past year
Bitcoin's average block time is approximately 10 minutes
The average time between Bitcoin difficulty adjustments is around 2 weeks
Bitcoin's hashrate has grown by over 400% in the last year
Bitcoin's hashrate distribution is led by China, with over 65% of the total hashpower
Bitcoin's total energy consumption is comparable to the annual energy usage of the Netherlands
The Bitcoin network's difficulty is adjusted every 2016 blocks, roughly every 2 weeks

Interpretation

Bitcoin, a digital juggernaut gleaming with excess and efficiency, dances flamboyantly between the lines of innovation and extravagance. With a block size limit that's as stingy as a Scrooge on Christmas Eve, and an energy appetite that rivals a sizable nation like Argentina, it's no wonder that the cryptocurrency's hash rate ascends to the heavens, leaving mere mortals in awe. The processing power of Bitcoin's network dwarfs that of the world's mightiest supercomputers combined, a testament to its computational prowess. With unspent transaction outputs seemingly aging like fine wine over 6 months, and a growth rate that outstrips the wildest of rollercoasters, Bitcoin proves to be a thrilling, enigmatic beast that keeps the world on its toes, or rather, on its blockchain.

Bitcoin Price Milestones

Bitcoin's all-time high price was $64,863.10 on April 14, 2021
The first Bitcoin transaction occurred on May 22, 2010, when Laszlo Hanyecz paid 10,000 BTC for two pizzas
The largest percentage of Bitcoin transactions occur in the $10,000 to $100,000 range
Bitcoin's price has experienced over 400 corrections of 30% or more since its inception
Bitcoin's 10-day volatility index is currently at 33%
The average Bitcoin transaction value has reached over $38,000
Bitcoin's price has increased by over 250% in the past year
Bitcoin's correlation with traditional asset classes like stocks and bonds remains relatively low
The price of Bitcoin has historically increased by an average of 200% after each halving event
Bitcoin's 30-day volume-weighted average price (VWAP) is around $45,000
Bitcoin's average daily trading volume on centralized exchanges exceeds $50 billion

Interpretation

Bitcoin, the enigmatic digital currency, boasts a historic journey that can only be described as tumultuously captivating. From the infamous pizza purchase of 10,000 BTC to its recent all-time high rivaling the value of a small island, Bitcoin has transcended mere transactional decadence to become a symbol of financial evolution. Its rollercoaster ride of wild price swings, frequent corrections, and staggering volatility may make traditional investors quiver, but the allure of unparalleled potential keeps them coming back for more. With correlations to traditional assets resembling a cat cordially ignoring a dog, and a tendency to multiply in value following halving events like a magic beanstalk, Bitcoin remains a riddle wrapped in a mystery inside an enigma for both the seasoned trader and the curious onlooker alike.