Bitcoin has successfully completed more than one billion transactions since its creation. As per data released on Clark Moody Bitcoin, this significant milestone was reached on May 5, with the recording of transaction number 1,000,000,000 in block 842,241.
This feat arrives 15 years after the Bitcoin network’s launch on January 3, 2009, spanning a total of 5,602 days or approximately 800 weeks. Throughout this period, the blockchain has maintained an average of 178,507 transactions per day.
Bitcoin Gains New Ground in 2024
Throughout 2024, the leading cryptocurrency has seen pivotal developments. In January, spot bitcoin exchange-traded funds (ETFs) gained approval in the United States, swiftly followed by similar launches in Hong Kong, marking a pioneering move in Asia.
April witnessed the fourth Bitcoin halving, halving mining rewards from 6.25 BTC per block to 3.125 BTC.
The convergence of factors such as the rise of Bitcoin ETFs, pre-halving anticipation, and the potential impact on the U.S. economy propelled the cryptocurrency to its all-time high on March 24, 2024. CoinGecko recorded a historic trading price of $73,737.94, surpassing previous peaks.
However, in the past 30 days, the crypto market has experienced significant volatility. Bitcoin’s price fluctuated from the $70,000 level to a recent bearish phase below $60,000. Presently, it stands at $64,222, marking a 1.2% increase in the past 24 hours.
GBTC Records First Net Inflows in 78 Dyas
Grayscale’s Bitcoin Trust ETF, GBTC, experienced its first 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 saw a record inflow of $60.9 million. Fidelity’s Wise Origin Bitcoin Fund led the pack with inflows of $102.6 million, while Bitwise and Invesco Galaxy followed closely with $33.5 million and $33.2 million, respectively.
