The post Global Bitcoin ATM Network Grows by 6% Amid Bull Cycle appeared on BitcoinEthereumNews.com.

According to a recent Finbold report, the global Bitcoin ATM network witnessed a surge in 2024, growing by 6.02% with 2,217 new machines installed. By January 1, 2025, the total number of Bitcoin ATMs worldwide reached 38,768. This indicates a renewed interest in cryptocurrency infrastructure despite fluctuating market conditions.  Bitcoin ATM Grows as BTC Gains Mainstream Adoption According to the report, the United States maintained its dominance in the Bitcoin ATM market, holding over 81% of the global machines. The country started 2024 with 30,411 ATMs and added 1,094 new installations throughout the year.  However, its global share dipped slightly from 83.2% in January 2024 to 81.27% by the start of 2025. It shows a slow but steady shift towards more regional diversification.  Europe showed consistent growth, adding 116 ATMs in 2024, which is a 7.5% spike that brought its market share from 4.23% to 4.29%. Despite the challenging market environment of the previous year, Europe’s steady expansion indicates a growing interest in digital asset adoption and infrastructure development across the continent.  Interestingly, the majority of Bitcoin ATM installations took place during the first half of 2024, coinciding with a cryptocurrency bull market. Nearly, 1,942 machines were deployed by April, averaging 485 installations per month. However, the installation rate slowed considerably from May to December, with an average of just 34 new machines per month, even as Bitcoin and other digital assets hit record highs in November.  Amid the intense bull cycle, the Bitcoin ATM growth reflects the evolving relationship between digital asset adoption and physical infrastructure. Also Read: Bitcoin Breaks $102K Mark; Beginning of New Bull Cycle? Source: https://www.cryptonewsz.com/global-bitcoin-atm-grow-by-6-amid-bull-cycle/

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Filed under: News - @ January 6, 2025 9:27 pm