CandleFocus Bitcoin Hits $100K as Miners Earn $71.49 Billion in Historic Milestone
2024-12-13
Author: Content Editor
In December 2024, Bitcoin reached a milestone by surpassing $100,000 for the first time, leading to a market capitalization of over $2 trillion. Bitcoin miners have been paid a total of $71.49 billion for their work in securing the network, with $67.31 billion coming from block subsidies and $4.18 billion from transaction fees. The network's difficulty has increased significantly, reflecting the growing computational power dedicated to Bitcoin mining. The hashrate also experienced significant growth, with 37% of total hashes being computed in 2024 alone. The network has seen over 1.12 billion transactions with a total transfer value of 131 trillion. Investors have experienced both gains and losses during this period of high volatility. Despite fluctuations, Bitcoin has maintained a positive trading record, with an average increase of 37.4% during positive trades and an average loss of 14.2% during negative trades. After 24 hours, Bitcoin rose by nearly 2% to $100,290, solidifying its position as a disruptive product in the financial system.
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