2,000 Bitcoin ATMs installed in 2024
While the metric finds itself in the news only infrequently, it probably does not come as a surprise that the ‘crypto winter’ had a significant – if staggered – impact on the number of extant cryptocurrency ATM machines in the world. Indeed, though the number continued rising throughout the calamities of 2022, the collapse of FTX proved a breaking point, after which the number of ATMs entered into a decisive decline and fell from just over 35,000 in November of the year to just under 34,000 in April 2023. While May brought a recovery, it was short-lived and by July 2023, the number of these machines found a bottom at 32,479. The crypto market bull run, however, which started with a significant Bitcoin (BTC) rally last October proved another breaking point. Picks for you BlackRock's Bitcoin ETF achieves record inflows, ranks in U.S. top 10 ETFs 19 mins ago Bitcoin aims $70,000 this week as FOMO takes over the crowd 1 hour ago AI predicts HBAR pr...