In keeping with U.Right now – Glassnode, miners have reached a monumental milestone by incomes a complete of $71.49 billion.

After 5,256 enterprise days, on December fifth, the Bitcoin value exceeded $100,000 for the primary time, and the market capitalization briefly exceeded $2 trillion.

In keeping with on-chain analytics platform Glassnode, Bitcoin miners have earned $71.49 billion since their inception, testifying to the community's strong safety and monetary incentives.

As of December 5, when Bitcoin first hit $100,000, Bitcoin miners' income from securing the community and processing transactions reached $71.49 billion. This consists of $67.31 billion in block grants and $4.18 billion in transaction charges. A complete of 19,791,952 BTC was mined, representing 94.2% of the entire provide cap of 21 million.

For the reason that Genesis block, 873,304 blocks have been mined and the typical block time was 11.8 minutes earlier than Bitcoin reached its historic value of $100,000 on December 5, 2024. After 418 issue changes, excluding intervals of no changes, the community issue is 446,331,432,498,125,300,000,000 as Bitcoin's safety and computational energy proceed to develop.

By the point Bitcoin reached $100,000, the community's hashrate had elevated from 128,185 hashes/second to over 804,407,834,059,443,100,000 hashes/second. Miners have calculated a complete of roughly 5.01 x 1028 hashes to this point. Curiously, 37% of all calculated hashes occurred in 2024.

Bitcoin has additionally seen an unbelievable enhance in transactions. Up to now, the community has efficiently processed 1.12 billion transactions (unfiltered). For the reason that Genesis block, Bitcoin has processed $131 trillion in switch quantity.

Bitcoin value tendencies

Bitcoin first exceeded $100,000 on December fifth, and it took three days for the every day candlestick closing value to exceed $100,000.

Bitcoin costs have been actively traded for five,256 days, starting from lower than 1 cent to $100,000. Throughout this course of, month-to-month candlesticks had been optimistic 72 instances (together with December 2024), with a median achieve of 37.4%. There have been 71 damaging month-to-month candlesticks, with a median decline of -14.2%.

In keeping with Glassnode, traders made a complete of $1.27 trillion in on-chain earnings and misplaced -$592 billion throughout this unprecedented market growth.

On the time of writing, BTC is up practically 2% up to now 24 hours to $100,290.

This text was initially printed on U.Right now