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Bitcoin Marks 16th Anniversary as Price Hits $96,000 and Market Cap Reaches $2 Trillion

Jan 3, 2025, 11:44 AM

Bitcoin celebrated its 16th anniversary today, marking the date when its pseudonymous creator, Satoshi Nakamoto, mined the Genesis Block on January 3, 2009, using a small server in Helsinki, Finland. This pivotal moment launched the Bitcoin network and the blockchain revolution. The Genesis Block, also known as Block 0, included a reward of 50 Bitcoins that can never be spent and embedded the message from The Times newspaper: "Chancellor on brink of second bailout for banks." Over the past 16 years, Bitcoin has evolved into a global financial asset with a market capitalization reaching $2 trillion and a network hash rate exceeding 800 exahashes per second. On this anniversary, Bitcoin's price reached $96,000. Industry participants worldwide are acknowledging this milestone, highlighting Bitcoin's impact on financial freedom, decentralization, and the future of finance.