Bitcoin Surpasses One Billion Transactions in 15-Year Milestone
By Hongji Feng
Published: May 6, 2024, 02:07 EDT
Bitcoin has officially reached a significant milestone, surpassing one billion transactions since its creation.
Data published on Clark Moody Bitcoin reveals that this remarkable achievement was reached on May 5, with the recording of transaction number 1,000,000,000 in block 842,241.
This milestone comes 15 years after the launch of the Bitcoin network on January 3, 2009, taking a total of 5,602 days, or approximately 800 weeks. On average, the blockchain has witnessed 178,507 transactions per day.
Bitcoin Makes Strides in 2024
The year 2024 has proven to be critical for the leading cryptocurrency. In January, the United States approved spot bitcoin exchange-traded funds (ETFs), followed by the recent introduction of similar products in Hong Kong, marking the first of its kind in Asia.
In April, the fourth Bitcoin halving occurred, reducing the mining rewards from 6.25 BTC per block to 3.125 BTC.
Thanks to the popularity of Bitcoin ETFs, the pre-halving hype, and the potential impact on the US economy, the first cryptocurrency reached its all-time high on March 24, 2024.
According to CoinGecko, the trading price reached $73,737.94, surpassing previous historical highs.
Over the past 30 days, Bitcoin has experienced significant fluctuations. The BTC price dropped below $70,000 and recently experienced a bearish period, trading below $60,000. It is currently trading at $64,222, marking a 1.2% increase within the past 24 hours.
GBTC Records First Net Inflows in 78 Days
Grayscale’s Bitcoin Trust ETF, also known as GBTC, has finally seen a day of net positive inflows after a prolonged period of outflows, recording $63 million on May 3, according to preliminary data from Farside.
Franklin Templeton’s ETF achieved a record inflow of $60.9 million. Fidelity’s Wise Origin Bitcoin Fund topped the charts with inflows of $102.6 million, while Bitwise and Invesco Galaxy followed with $33.5 million and $33.2 million, respectively.
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