Bitcoin charts show many facets of the cryptocurrency’s environment. So far Bitcoin has created a myriad of different markets, value correlations, mining data, and many more constellations of economic measurement.
This week Bitcoin.com gathered a bunch of different charts from our forum showcasing a visual view of everyone’s favorite cryptocurrency. Over the years, many individuals and organizations have measured certain aspects of the Bitcoin network using graphs and charts. Some of these representations show how Bitcoin has performed over a period of time, and where it stands today.
Bitcoin’s mining distribution has changed quite a bit since the early days. Over the past five years, it shows there are now more mining pools than ever. More recently, an assortment of smaller mining pools have entered the game. Charts show roughly 20 different mining factions command the hashrate distribution in 2017.
Known Bitcoin Mines
On the list of publicly known Bitcoin mines, the country of China still dominates. China’s lead is followed by Georgia, the U.S., Canada, and Iceland. With all the countries combined, a total of 206 mega watts (MW) power known data centers. It should be noted that there are some Bitcoin mines that are not publicly disclosed.
Bitcoin Trade Volume in USD and Exchanges with the Most Volume in 2017
The chart above shows the top five coins by USD trade volume, according to Coinmarketcap.com, with Bitcoin being the large blue bar. At press time, Bitcoin’s dominance level is 85.4 percent of the 17 billion USD capitalization. The Bitcoin Dominance Index (BDI) shows a measurement of Bitcoin’s share of the total cryptocurrency market capitalization and includes all the indexed digital currencies. The table below shows Bitcoin trading volume from each exchange on 1/28/17.
This chart above shows the volume processed across featured Western cryptocurrency exchanges over the past 90 days.
Bitcoin Google Searches Increasing
As the value of Bitcoin increases, people search on Google a whole lot more to get information on the digital asset.
Bitcoin’s Volatility During the Recent PBOC Bitcoin Exchange Inspections
As Bitcoin.com reported, the Peoples Bank of China (PBOC) recently held inspections with the top three Chinese Bitcoin exchanges. The original announcement gave the market a hiccup price-wise, but volatility wasn’t as extreme as some news outlets suggested. Bitcoin was significantly more volatile when the PBOC made announcements concerning the cryptocurrency in 2013. The two charts above show recent data collected during the PBOC announcements in 2013 and 2017.
Due to the latest PBOC inspections, exchanges in the country have changed their fee and margin lending policies. Additionally, this past week the top three Chinese exchanges announced adding fees to every Bitcoin trade on their platforms. The chart below shows China’s current market share of the global Bitcoin exchange volume and what it might look like when fees are introduced next month.
Ark Invest Explores Bitcoin’s Transaction Volumes Against Global Assets
In January, Ark Invest and Coinbase revealed new updated data on Bitcoin-as-an-asset-class. According to the data, Bitcoin’s transaction volume increased significantly in 2016, as shown in the graph above.
Furthermore, the two firms measure Bitcoin’s correlation with other assets such as real estate, bonds, and oil. Many researchers have noticed the digital currency seems to be an uncorrelated asset class amongst its peers.
Charts Are a Great Measuring Tool For Bitcoin’s Vast Network
Charts can be useful to show certain aspects of the Bitcoin network, but are not always entirely accurate. These charts and graphs collected here show that significant changes have been happening in the Bitcoin mining and exchange realm. The data also shows great insights on market volatility and Bitcoin’s leaps-and-bounds in regards to trade and transaction volumes.
The Bitcoin network and its tethered economy is vast, and there aren’t enough charts in the world to cover it all. However, with the data people and organizations collect, we can catch a small visual glimpse of this innovative ecosystem.
What do you think about these charts and data? Let us know your thoughts in the comments below.
* Special thanks to ‘Litecoin Guy’ who has collected one of the largest collections of Bitcoin charts on our very own Bitcoin.com forum.
Images via Litecoin Guy, with data according to Blockchain.info, Bitcoinity.org, Coinmarketcap.com, Ark Invest, Coinbase, and Bitcointalk.org sources.
Bitcoin.com offers up-to-the-minute charts on bitcoin price and other stats. Our feeds show the bitcoin price index in all three major currencies (USD, CNY, EUR). Also, if you want to dig deeper into how the bitcoin network is performing behind the scenes, check out the statistics page too.