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Over 5,000 Bitcoin ATMs are now installed worldwide

Benson Toti

The number of Bitcoin (BTC) ATMs has surpassed 5,000 around the world, industry website Cointelegraph has reported, citing data from monitoring resource CoinATMRadar.

As of June 24, there were 5,006 Bitcoin ATMs in about 90 countries, CoinATMRadar data shows. The machines allow users to buy or sell BTC, with some machines offering both services.

According to the data, more than half of those ATMs – 3,229 – are in the US. Canada is a distant second with ATMs installed at 687 locations across the country. Austria (266 ATMs), the UK (249) and Spain (89) complete the top 5.

So far in June, some 150 ATMs has been installed. General Bytes recently became Bitcoin ATM manufacturer with most machines installed, overtaking Genesis Coin.

Bitcoin price rises above $11,000

The information comes, amid Bitcoin’s latest price rally, which lifted the coin to its highest level in more than 15 months. Yesterday, the digital coin struggled during early trading, with its price tumbling to as low as $10,610.43, from its opening level of $10,853.74. However, the coin managed to rally towards the $11,000 mark in subsequent trading. The coin managed to retake the level in the afternoon, rising to as high as $11,065.90. The coin finished the session at $11,011.10, notching up its first close above $11,000 since March 5.

The coin has advanced further in today’s trading, setting a new 2019 high. The coin rose to as high as $11,440.40, before pulling back to lower levels in more recent trading.

In today’s trading, the Bitcoin price stood at $11,321.95, as of 16:15 BST. The coin has gained 3.7% in the past 24 hours, according to data from digital currency tracker Coinmarketcap. Bitcoin’s total market capitalisation currently stands at just over $201 billion, which represents 60% of the combined value of all digital currencies.

Featured image: Visual Generation /Shutterstock.com

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