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Bitcoin surpasses one billion transactions after 15 years

Exceeding this limit demonstrates the stability and efficiency of Bitcoin’s blockchain infrastructure, capable of handling a huge number of transactions around the world.

Date: 2024-05-06 Author: Marek Stiller
Bitcoin surpasses one billion transactions after 15 years

Since its inception, Bitcoin has officially processed more than one billion transactions. According to data published on Clark Moody Bitcoin, this point was reached on May 5, when the number of transactions of 1,000,000,000 was recorded. The transaction was included in block 842,241.

This achievement came 15 years after the Bitcoin network was launched on January 3, 2009, taking a total of 5602 days, or about 800 weeks. The blockchain achieved an average of 178,507 transactions per day during that time.

Bitcoin gains new ground in 2024

The year 2024 has been a critical year for the leading cryptocurrency. Bitcoin Exchange Traded Funds (ETFs) were approved in the United States in January, followed by the recent launch of similar products in Hong Kong, the first of its kind in Asia.

April saw Bitcoin’s fourth halving. It halved Bitcoin mining rewards, reducing them from 6.25 BTC per block to 3.125 BTC.

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Due to the popularity of Bitcoin ETFs, the hype preceding the halving and the potential impact on the U.S. economy, the cryptocurrency reached its all-time high on March 24, 2024. CoinGecko recorded a trading price of $73,737.94.

Over the past 30 days, the cryptocurrency has experienced significant fluctuations. The price of BTC has fallen from the $70,000 level, and in the last period BTC fell below $60,000. Currently, its price stands at $64,222, up 1.2% over the past 24 hours.

GBTC records first net inflows in 78 days

According to preliminary data from Farside, Grayscale’s Bitcoin Trust ETF (GBTC) recorded its first day of positive net inflows after a long period of outflows, reaching $63 million on May 3.

The Franklin Templeton ETF had record inflows of $60.9 million. Fidelity’s Wise Origin Bitcoin Fund topped the list with $102.6 million in inflows, followed by Bitwise and Invesco Galaxy with $33.5 million and $33.2 million, respectively.

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Marek Stiller
Marek Stiller
Founder of the "Cryptocurrency for Beginners" channel on YouTube. He collaborates with Łukasz to form the Arena Trading group, while at the same time being passionate about blockchain technology. His knowledge and experience in the cryptocurrency industry help beginner investors better understand this dynamic market.
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