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Glassnode Glassnode @glassnode · 44.1K subscribers
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The Week On-Chain 50, 2024
Bitcoin’s journey from the Genesis Block to $100k per BTC is a historic moment and a new high watermark in adoption. With 19.8M BTC mined, $131T in transfer volume processed, and 1.12B transactions, the $100k price milestone is yet another sign of Bitcoin's resilience.

Executive Summary
- The Bitcoin price crossed the $100k mark for the first time on 5 December, after 5,256 trading days, and hitting a market cap briefly exceeding $2 Trillion.

- Miners have earned a cumulative $71.49 Billion since inception, reflecting the network's robust security and economic incentives.

- The network has processed a total of 1.12 Billion transactions and settled $131.25 Trillion in transfer volume, with entity-adjusted figures providing an even clearer view of genuine economic activity.

- A breakdown of supply held by various cohorts highlights a broad distribution of Bitcoin ownership, ranging from retail investors to institutional-scale holders.

Read more in The Week On-Chain newsletter.
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