$19 trillion in transactions settled on the Bitcoin network in 2024
Bitcoin has a current market capitalization of roughly $1.9 trillion and surpassed silver’s $1.6 trillion market cap in 2024.
Auto Added by WPeMatico
Bitcoin has a current market capitalization of roughly $1.9 trillion and surpassed silver’s $1.6 trillion market cap in 2024.
Bitcoin’s daily volume remains 91% lower than the $743 million on Dec. 5, when BTC first surpassed the $100,000 milestone.
Hashrate dominance continues to be debated due to the pseudonymous and geographically distributed nature of Bitcoin mining.
They still lag BTC ETFs, which closed out 2024 with upwards of $35 billion in net inflows.
Bitcoin staking has a total addressable market in the hundreds of billions, industry executives say.
The iShares Bitcoin Trust brought in more than $37 billion in net inflows since launching in January, according to Farside Investors.
Stablecoin issuer Tether has moved over 8,400 Bitcoin to its reserve in its biggest move since March.
MicroStrategy has bought Bitcoin for the eighth consecutive week, pushing its holdings to 446,400 BTC, worth about $41.5 billion at current market prices.
According to data from MicroStrategy co-founder Michael Saylor, the company holds 444,262 Bitcoin, valued at roughly $41.4 billion.
Market analysts, including Arthur Hayes, have warned of deep short-term price corrections before Bitcoin establishes a new all-time high.
