The price of Bitcoin in August was fairly stable. At the beginning of the month, it was at $11,344 and it continued to vary within the 11k mark. The month ended with a Bitcoin price at $11,708 which is only a 3.2% increase compared to the beginning of the month.
The number of new machines continued to grow at a relatively stable rate.
Continue readingPeriod Start: 8921, Period End: 9516
Opened: 776, Closed: 181, Net Growth: + 595 (6.7%)
The Bitcoin price in July was pretty steady for the bigger part of the month, until it reached noticeable rise near the end. July started at a $9,134 price tag and moved around the 9K until the 28th when it jumped over the 11K mark. The month ended at a $11,115 which is a 21.7% rise in comparison to the price at the beginning of the month.
The number of new machines continued to grow at a relatively stable rate.
Continue readingPeriod Start: 8490, Period End: 8919
Opened: 544, Closed: 115, Net Growth: + 429(5%)
The Bitcoin price in June mostly ranged between 9K and 10K mark. At the beginning of the month, the price was $9,451 and after a short spike, it started to fall. June ended with a Bitcoin price set at $9,185 which is a 2.8% decrease when compared to the price at the beginning of the month.
The number of new machines continued to grow at a relatively stable rate.
Continue readingPeriod Start: 7978, Period End: 8502
Opened: 639, Closed: 115, Net Growth: + 524 (6.6%)
The Bitcoin price in May experienced fluctuations throughout the month. In the beginning, the price was at $8,629 and rose during the first week when it hit the 10K mark, after which it immediately started to decrease. After a couple of more fluctuations, the month ended at $9,451 which is a 9.5% rise compared to the beginning of the month.
The number of new machines continued to grow at a relatively stable rate, as the price of Bitcoin.
Continue readingPeriod Start: 7596, Period End: 7904
Opened: 490, Closed: 182, Net Growth: + 308(4%)
Recently we added a new geographic area in all of our charts — Europe, and it brought to light some interesting insights about comparison of the bitcoin ATM market in the U.S. and in Europe. In this article we check each statistic separately to find differences and similarities.
In April the price of Bitcoin started to come back. The month started with a price of $6,428 which rose immediately nearing the middle of the month when it fluctuated a bit before hitting another spike. April ended with a price of $8,629 which is a 34% rise in comparison to the beginning of the month.
The number of new machines continued to grow at a relatively stable rate, as the price of Bitcoin.
Continue readingPeriod Start: 7384, Period End: 7750
Opened: 435, Closed: 69, Net Growth: + 366 (5%)
In the midst of the Pandemic, the price of BItcoin took a downturn. March started with a Bitcoin price at $8,534 and rose for a few days after it started to drop significantly. The month ended at a price of $6,405 which is a 24.9% decrease when compared to the beginning of the month.
The number of new machines continued to grow at a relatively stable rate, unlike the price of Bitcoin.
Continue readingPeriod Start: 7010, Period End: 7386
Opened: 484, Closed: 108, Net Growth: + 376(5.4%)
February started with a Bitcoin price of $8,915 which experienced a rise approaching the middle of the month where it hit the highest monthly value at $10,166. After, it started to decrease, until the end of the month when it hit the value of $9,417 which is a 5.6% increase when compared to the beginning of the month.
The number of new machines continued to grow at a relatively stable rate, as the price of Bitcoin.
Continue readingPeriod Start: 6665, Period End: 7004
Opened: 470, Closed: 131, Net Growth: + 339 (5%)
Public opinion about bitcoin ATM business varies, but mostly it is split into two radical sides: either “machines are not used by anyone and hence operators don’t make any money”, or “the fees charged are usually so huge, probably operators do a lot of money”. Obviously, both extremes do not correspond to reality, as if it was not profitable, there would be not that many businesses doing this long term, on the other hand, the fee size is dictated by market and there are plenty of various costs and risks associated with this business.
In this post we analyze historical data available on the website about operators growth and closure of activities. We analyze activity of total 870 operators on the website, since October 2013, when the first publicly accessible ATM was installed, and up to the end of January 2020.
The chart above summarizes information, that is used as a source for analysis — number of ATMs installed by each operator on the 1st day of each calendar month.
Continue readingThe Year 2020 had a good start when it comes to the price of Bitcoin. The price at the beginning was $7,168 and continued to rise at a pretty stable rate. January ended with a price of $9,502, which is a 32.5% increase when compared to the beginning of the month.
The number of new machines continued to grow at a relatively stable rate, as the price of Bitcoin.
Continue readingPeriod Start: 6377, Period End: 6705
Opened: 432, Closed: 104, Net Growth: + 328 (5.1%)