In June the price of Bitcoin followed the trend form May and continued to move in the downward trajectory. At the beginning of the month, the price was $7,535. It continued to fall, even reaching the lowest value in this year at $5,909 on 29th June ended at $6,381, which is a 15,3% fall since the beginning of the month.
Unlike the price downward trajectory, the number of new machines continued to grow.
Period Start: 3177, Period End: 3399
Opened: 282, Closed: 60, Net Growth: +222(+7.0%)
Unlike the prices that fluctuate since beginning of year, the number of new machines continues to follow a steady increase. This trend continues in June.
The growth rate is decreasing since March 2018:
|Month||ATM installation growth per month
This can be explained with the fact that since order of machine, you need to wait several months to receive it from manufacturer, and then also organize and find location for installation. The highest growth more than 10% per month was in March 2018, since then the speed of installations rolled back to roughly 7% per month. The highest interest on the market was December 2017, when the price skyrocketed, and many new entrepreneurs were entering the market by ordering new units, which they got only couple months later.
Change by Manufacturers
|Genesis Coin||1093||1164||+71 (6.5%)|
|General Bytes||879||939||+60 (6.8%)|
|Orderbob ATM||35||48||+13 (37.1%)|
|Bitcoin D.A.V.E.||4||7||+3 (75%)|
As usual, Genesis Coin with 71 (6.5% increase) and General Bytes with 60 (6.8% increase) new installations continue to be the two manufacturers with most installations this month. Lamassu is at position #3, while has lower number of installations (+30), company leads with relative growth rate of 8.5%.
It is worth to mention company Bytefederal, who was an operator of bitcoin machines since November 2016. The company started operations in Florida and later expanded to Georgia and Texas. Recently started producing own units and installing at various locations. This confirms one of the trends we mentioned before, when operator’s business grows to a particular threshold, it makes economically viable to move to own production of bitcoin ATMs.
Change by Operators
Operators who increased the number of machines by 3 or more over the past month:
|BCB ATM||36||52||+16 (44.4%)|
|Bitcoin of America||33||45||+12 (36.4%)|
|Bitcoin Depot||133||144||+11 (8.3%)|
|ByteFederal LLC||29||40||+11 (37.9%)|
|BTC Management Gmbh||17||25||+8 (47.1%)|
|Avatar Technology GmbH||36||42||+6 (16.7%)|
|Pay DEPOT LLC||113||118||+5 (4.4%)|
|SP Bedarev A.A.||14||17||+3 (21.4%)|
|Brock Tokar||3||6||+3 (100%)|
|Super Crypto Exchange||0||3||+3|
LocalCoin took the first place on the Operators list this June with 18 new machines (24.3% increase), while BCB ATM remained on the second place with 16 installations (44.4% increase). The biggest winner this month is Nevada based Operator HILT. They made their first 15 installations and make it up to a third place. According to their locations, all of the machines are installed in Las Vegas, and all are 24/7.
Change by Countries
|United States||1868||1984||+116 (6.2%)|
|United Kingdom||134||154||+20 (14.9%)|
|Czech Republic||46||52||+6 (13%)|
|Russian Federation||51||56||+5 (9.8%)|
|South Africa||2||4||+2 (100%)|
|Costa Rica||1||2||+1 (100%)|
|Saint Kitts and Nevis||0||1||+1|
North America continues to dominate with new installations. United States are first with 116 new machines (6.2% increase), followed by Canada with 27 installations (5.6% increase). Right behind are European countries Austria and United Kingdom with 20 new machines each which made for 11.4% and 14.9% increase respectively.
Saint Kitts and Nevis had its first machine installed, this one supports Bitcoin and Bitcoin Cash and is first installation from Roger Ver, who plans to install 3 more units on the island in the near time to increase Bitcoin Cash availability in the region.
The first #Bitcoin ATM Machine in the Caribbean has just been installed in #StKitts. There will be 4 Machines across the island with the first one installed by Bitcoin Founder @rogerkver and associate Alex Lewis at the “The Mill” Cafe at the Oceans Edge Development in Frigate Bay pic.twitter.com/tRVSAPuQSh
— PEOPLES LABOUR PARTY (@PLPSKN) June 27, 2018
Other Cryptocurrencies Support
Find latest stats of other cryptocurrency machines here.
Cryptocurrencies support saw the following increases over the past month:
|Bitcoin Cash||522||612||90 (17.24%)|
This June, the percentage of cryptocurrencies other than Bitcoin that one can transact at the ATMs increased to 51.8%. Ether made the most additions this month excluding Bitcoin. It was accepted in 148 ATM’s (16.05% increase). However, Litecoin remains to be the most supported altcoin with 1661 in total. This month it was accepted in 139 new machines, which was an increase of 9.13%. Bitcoin Cash is on position 3 with 90 new machines supporting it and 17.2% growth.
This June Bitcoin prices continued to fall in accordance with the overall fluctuation. Manufacturers General Bytes and Genesis Coin remain dominant in the new installations list. Operators are maintaining an average daily number of installations between 7 and 8. Saint Kitts and Nevis added its first machine this month. Ether was the altcoin that was adopted in the largest number of ATM’s in June.