Bitcoin has officially processed more than one billion transactions since its inception. According to data released on Clark Moody Bitcoin, this milestone was reached on May 5th, with transaction number 1,000,000,000 being recorded in block 842,241. This accomplishment comes 15 years after the Bitcoin network went live on January 3, 2009, taking a total of 5,602 days or approximately 800 weeks. The blockchain has seen an average of 178,507 transactions per day.
2024 has emerged as a crucial year for Bitcoin. In January, spot bitcoin exchange-traded funds (ETFs) received approval in the United States, and shortly after, similar products were introduced in Hong Kong, marking a pioneering move for Asia
April saw the fourth Bitcoin halving, reducing Bitcoin mining rewards by half from 6.25 BTC per block to 3.125 BTC.
Thanks to the popularity of Bitcoin ETFs, pre-halving anticipation, and potential impacts on the US economy, the leading cryptocurrency reached its all-time high on March 24, 2024. CoinGecko recorded a trading price of $73,737.94, surpassing previous historical highs.
Over the past 30 days, the cryptocurrency has experienced significant fluctuations, dropping from the $70,000 level to recently trading below $60,000. Its current trading price is $64,222, marking a 1.2% increase over the past 24 hours.
Grayscale’s Bitcoin Trust ETF (GBTC) recorded its first day of net positive inflows in 78 days, with $63 million recorded 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 led the chart with inflows of $102.6 million, while Bitwise and Invesco Galaxy followed with $33.5 million and $33.2 million, respectively.
