Category Archives: Statistics

Bitcoin Depot ATM

Bitcoin ATM Market Dynamics October 2018

The price of Bitcoin was fairly stable this October. The month started with a price of $6,591. The lowest value was on the 10th where it was at $6,249. October ended with a Bitcoin price at $6,310 which is a 5,1% decrease when we compare it to the price from the beginning of the month.

Bitcoin Price October 2018, source: blockchain.info

Unlike the price fluctuating trajectory, the number of new machines continues to grow at an approximately same rate as in September.

Period Start: 3781, Period End: 3931
Opened: 206, Closed: 56, Net Growth: +150(3.9%)

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Bitcoin ATM Market Dynamics September 2018

At the beginning of September, the price of Bitcoin was $7,101 and rose slowly for the next 3 days. After that, the price fell significantly and hit $6,433 on the 6th. For the rest of the month, the price never crossed the $7,000 mark. September ended with the price of $6,593, which is a 7% decrease in comparison to the beginning of the month.

Bitcoin Price September 2018, source: blockchain.info

Unlike the price fluctuating trajectory, the number of new machines continues to grow at an approximately same rate as in August.

Period Start: 3635, Period End: 3801
Opened: 228, Closed: 62, Net Growth: +166 (+4,6%)

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Bitcoin ATM Market Dynamics August 2018

This August started with a Bitcoin price of $7,571 and continued to decrease until it hit the lowest price $6,051 somewhere in the middle of the month. After that, the prices started to grow nearing the end of the month. August ended with a Bitcoin price of $7,248 which is a 4,3% decrease compared to the price at the beginning of the month.

Bitcoin Price August 2018, source: blockchain.info

Unlike the price fluctuating trajectory, the number of new machines continues to grow. Compared to the previous month, the growth was considerably higher in August.

Period Start: 3486, Period End: 3662
Opened: 241, Closed: 65, Net Growth: +176(+5.0%)

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Bitcoin ATM Market Dynamics July 2018

In the first half of July the price of bitcoin maintained a steady flow, keeping the value between $6,250 – $6,750. While in the other half of the month, the price started to grow. The month ended with a price tag of $7,917 which is an 24% increase in comparison to $6,375 at the beginning of the month.

Bitcoin Price July 2018, source: blockchain.info

Accompanying the upward price trajectory was the growth in the number of new machines, but the growth is significantly slower than in previous months.

Period Start: 3415, Period End: 3470
Opened: 187, Closed: 132, Net Growth: +55 (+1.6%)

The end of period of quick growing prices also result in some slow down on bitcoin ATM market. We steadily have several second-hand bitcoin ATMs for sale, which was empty section during several months of high prices. Also as manufacturers deliver machines to operators with delay of several months (usually about 3 months) approximately middle of spring was the time when machines ordered on the peak of hype were delivered, since then the installations speed reduced.

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Bitcoin ATM Market Dynamics June 2018

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.

Bitcoin Price June 2018, source: blockchain.info

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.

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Bitcoin ATM Market Dynamics May 2018

This May the price of Bitcoin encountered an overall decline. After April’s period of rising ended, this month started with Bitcoin value at $9,075. After a growth in first five days, the price started to fall, accompanied by a few bumps in the middle of the month. May ended with a Bitcoin price of  $7,491 which comes to a 17,5% fall since the beginning of the month.

Bitcoin Price May 2018, source: blockchain.info

Unlike the price downward trajectory, the number of new machines continues to grow.

Period Start: 2938, Period End: 3162
Opened: 304, Closed: 80, Net Growth: +224(+7.6%)

Unlike the prices that fluctuate since the year started, the number of new machines continues to follow a steady increase. This trend continues in May.

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Bitcoin ATM Industry Trends 2018

Bitcoin ATM industry grew over 2017 year with accelerating speed. Back in 2014 we did a forecast of how many installations of machines there will be in several years. You can find the table at the end of the post on comparison of traditional bank ATM growth vs. bitcoin ATM growth. The forecast was done based on bank ATM installations back in 1970-s. After 7 years we assumed there will be 2900 ATMs installed worldwide. Today (~4.5 years since first bitcoin ATM installation) there are already more than 3000 ATMs installed worldwide. And the speed if installations is only accelerating over previous years:

Bitcoin ATM growth

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Bitcoin ATM Market Dynamics April 2018

After experiencing the downfall in March, this April Bitcoin prices went in a different direction. They started to rise steadily from the beginning of the month, starting at $6,794 and peaking at $9,556 on 24.  April ended with a value of $9,260, which comes to a 36% rise since beginning of the month.

Bitcoin Price April 2018, source: blockchain.info

Accompanying the upward price trajectory was the growth in the number of new machines.

Period Start: 2667, Period End: 2878
Opened: 250, Closed: 39, Net Growth: +211(+7.9%)

Unlike the prices that fluctuate since the year started, the number of new machines continues to follow a steady increase. That trend continues in April.

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Bitcoin ATM Market Dynamics March 2018

This March Bitcoin price experienced a steady downfall. After reaching the highest price since the end of January at $11,565, at the beginning of the month, the price of Bitcoin started its decline. If you exclude a couple of bumps in the middle of March, the price faced a constant decrease and finished the month with $6,935, a 40% decrease in comparison to the beginning of the month.

Bitcoin Price March 2018
Bitcoin Price March 2018, source: blockchain.info

Unlike the price downward trajectory, the number of new machines continues to grow.

Period Start: 2401, Period End: 2649
Opened: 289, Closed: 41, Net Growth: +248 (+10.3%)

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Bitcoin ATM Market Dynamics February 2018

In January the world of cryptocurrency experienced quite a bit of volatility. The first week of February saw Bitcoin hit its lowest price for the year. As the month progressed the price began to climb back up. Despite a few dips, Bitcoin closed the month at $11,009, a 23.6% increase from the price at the beginning of the month.

Bitcoin Price February 2018
Bitcoin Price February 2018, source: blockchain.info

Accompanying the upward trajectory was the growth in the number of new machines.

Period Start: 2197, Period End: 2392
Opened: 237, Closed: 42, Net Growth: +195 (+8.9%)

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