Bitcoin
Bitcoin ATM Installations Reach 38K, Below All-Time High
The global Bitcoin ATM the market has seen significant growth. There are now more than 38,000 Bitcoin ATMs worldwide, up from just over 10,000 in October 2020 and down 2,000 from its all-time high (ATH) of nearly 40,000 in December 2022.
According to data Available on Coin ATM Radar, the global number of installed Bitcoin ATMs stands at 38,279 at last count.
This expansion is driven by factors such as accessibility and ease of use, profitability for operators earning transaction fees above Bitcoin’s spot price, and favorable regulatory environments in many countries that support setup and expansion.
Additionally, Bitcoin ATMs offer greater privacy and security, allowing users to carry out transactions without disclosing personal information and enabling direct deposits into digital wallets.
Despite its advantages, the industry faces challenges. Many operators lack the experience, financial backing or business acumen needed to succeed, which is compounded by regulatory uncertainties in certain regions.
To address these issues, industry leaders emphasize the importance of public education about the benefits of cryptocurrencies and the need for reliable customer support. Building greater understanding and trust among users could encourage wider adoption of Bitcoin ATMs and digital assets.
As the demand for convenient and secure cryptocurrency transactions grows, the Bitcoin ATM market is poised for even greater expansion. Strategic approaches and supportive regulatory frameworks can propel this industry to a key role in the global adoption of digital assets.
Bitcoin remains stable at US$60 thousand
Bitcoin (BTC) the price trajectory in 2024 was marked by significant volatility and bullish momentum. March saw Bitcoin reach a new all-time high, surpassing $69,000 and briefly touching $73,000 before undergoing a correction.
That outbreak was driven by pivotal events this year: regulators approved the first spot Bitcoin ETFs in January, and April’s halving event reduced the block reward from 6.25 BTC to 3.125 BTC.
Experts to anticipate a new growth cycle in the cryptocurrency market, with the potential to peak between 2024 and 2025, in line with the four-year market cycle theory.
However, external factors such as global developments and regulatory changes can also influence Bitcoin’s price trajectory. Despite continued scrutiny of Bitcoin’s long-term perspectivesits historical resilience suggests the possibility of a recovery.
Analysts maintain optimism about Bitcoin’s future price movements, with some predicting it could surpass $80,000 in the coming years.
Over the past 60 days, the price of Bitcoin has increased by 7.3%, rising from approximately $57,000 to its current level of $61,532.