August showed the ATH price for Bitcoin. By end of month the cryptocurrency reached $4900 mark, which is almost 50% over the price just 1 month ago.
New bitcoin ATM installations also peaked in August 2017:
Period Start: 1409, Period End: 1515
Open: 133, Closed: 27, Net Growth: +106 (+7.5%)
During July 2017 bitcoin price fluctuated a lot. In the beginning of the month it fell to less than $2000 per BTC, but then quickly gained back and month closed at roughly $2700 per BTC, which was higher than the price of end of June 2017.
Bitcoin ATM new locations also increased drastically over July 2017:
Period Start: 1331, Period End: 1402
Open: 112, Closed: 41, Net Growth: +71 (+5.3%)
With bitcoin price rise the speed of bitcoin ATM installations also accelerated as there is a spike in number of bitcoin ATMs appeared in the last two weeks. Bitcoin ATM operators probably had to pre-order machines quite a while ago, so it is more a thorough calculation based on expected transaction volumes and potential growth. But as bitcoin machines are installed in many places and by independent operators – this fact shows that running a bitcoin ATM is a profitable business.
Last week brought several new installations to our bitcoin ATM map.
Bitcoin ATMs in United States
There were three new bitcoin ATM added in United States.
Cottonwood Vending operator added its sixth location in New York area. Now satoshi1 one-way bitcoin machine was installed in Harlem, NY at Apollo Deli & Fruit. This ATM allows quickly buying bitcoins. Online prices for this ATM are available at given above link, machine charges on average 8-12% fee above market rate. The ATM has additional bulk note acceptor, which means it can easily handle huge packs of paper money and convert it into real money of future in seconds.