In 2024, the Bitcoin network witnessed a historic surge, settling 19 trillion USD in transactions. This was a remarkable recovery from the dip experienced in previous years, specifically doubling from 2023’s total. The increase indicates growing confidence in Bitcoin as both a store of value and a medium of exchange.

Bitcoin’s market capitalization soared to approximately 1.9 trillion USD, exceeding that of silver, which stood at 1.6 trillion USD. This shift highlights Bitcoin’s increasing significance in the global financial landscape. With significant events like a BTC ETF launch, Bitcoin’s appeal continues to rise.

In early 2025, Bitcoin’s hashrate—a measure of mining power—achieved a landmark HIGH of 1,000 EH/s, before adjusting to around 775 EH/s. In 2024, US-based mining pools contributed significantly, capturing over 40% of the global hashrate, driven by pools like Foundry USA and MARA Pool.