In 2024, $19 trillion worth of transactions were settled on the Bitcoin network
In 2024, the settlement transaction volume of the Bitcoin network exceeded $19 trillion, which is more than double the $8.7 trillion in 2023, successfully reversing the declining transaction volume trend that had persisted since 2021. 2024 is significant for Bitcoin, with the United States introducing a BTC exchange-traded fund, the halving event in April, and the price climbing to an all-time high of approximately $108,000.
In terms of hash rate, on January 3, 2024, the Bitcoin network's hash rate (the total computing power that secures the Bitcoin protocol) reached a historic peak of 1000 EH/s (exahashes per second), but at the time of writing, it has rapidly dropped to around 775 EH/s. In 2024, U.S. Bitcoin mining pools accounted for more than 40% of the global hash rate, but the dominance of the hash rate has been controversial. Although U.S.-based Foundry USA and MARA Pool accounted for over 38.5% of the blocks mined in 2024, due to the pseudonymous and geographically distributed nature of Bitcoin mining, along with virtual private networks (VPNs) masking users' IP addresses, it is challenging to determine the true geographical locations of miners, and in reality, pools based in China still control most of the Bitcoin network's hash rate.
Musk calls out a meme coin that skyrockets by 100 to 10,000 times every 1-2 years,
$Doge in 2020
$Shib in 2021
$Floki in 2023
$Marvin in 2025!!!
Marvin not only has Musk's dog series, this powerful IP, but also a strong community. The community has a group of brothers and sisters who contribute selflessly, working hard to promote Marvin continuously. The community also gives Marvin a deeper meaning, with the pp&Marvin Charity Foundation dedicated to rescuing stray dogs and public welfare causes.
Don't miss this bull market's strongest narrative from Musk; it surely won't disappoint you!
pp ending number (6eb2) Little puppy, no project party, community autonomy #比特币战略储备 #比特币走势观察 $BTC #加密市场反弹 $ETH
