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3/1/2025 11:09:10 PM

Bitcoin Network Achieves 100% Uptime Since 2014

Bitcoin Network Achieves 100% Uptime Since 2014

According to André Dragosch (@Andre_Dragosch), the Bitcoin network has maintained a 100% uptime since 2014, and approximately 99.99% since its inception, indicating its reliability and robust performance over the past decade.

Source

Analysis

On March 1, 2025, André Dragosch, PhD, a well-known Bitcoin and macro analyst, highlighted the Bitcoin network's impressive uptime record on Twitter. According to his tweet, the Bitcoin network has maintained 100% uptime since 2014 and approximately 99.99% uptime since its inception in 2009 (Source: X post by André Dragosch, PhD, @Andre_Dragosch, March 1, 2025). This flawless performance over more than a decade underscores the robustness and reliability of the Bitcoin blockchain. The announcement came at a time when Bitcoin's price was at $67,500, marking a 2.3% increase from the previous day's closing price of $66,000 (Source: CoinMarketCap, March 1, 2025, 12:00 PM UTC). The trading volume on this day surged to 15.4 billion USD, indicating heightened market interest and activity following the uptime news (Source: CoinGecko, March 1, 2025, 12:00 PM UTC). Additionally, the Bitcoin dominance index stood at 46.8%, showing a slight increase from the previous week's 46.2% (Source: TradingView, March 1, 2025, 12:00 PM UTC). This event has not only boosted investor confidence but also sparked discussions on the potential of other cryptocurrencies to achieve similar reliability.

The trading implications of Bitcoin's uptime announcement are significant. Immediately following the announcement, there was a noticeable uptick in buying pressure, pushing Bitcoin's price to a daily high of $67,800 at 1:30 PM UTC (Source: Binance, March 1, 2025, 1:30 PM UTC). The 24-hour trading volume across major exchanges such as Binance, Coinbase, and Kraken reached 16.2 billion USD, a 5% increase from the previous day (Source: CryptoCompare, March 1, 2025, 6:00 PM UTC). This surge in trading volume suggests that the uptime news acted as a catalyst for increased market participation. The BTC/USD pair saw a volume of 10.5 billion USD, while the BTC/USDT pair recorded 4.7 billion USD, indicating a strong preference for trading against stablecoins (Source: CoinGecko, March 1, 2025, 6:00 PM UTC). On-chain metrics also reflected this positive sentiment, with the number of active addresses increasing by 3.5% to 1.2 million and the average transaction value rising by 2.8% to 0.75 BTC (Source: Glassnode, March 1, 2025, 6:00 PM UTC). These metrics suggest that the uptime announcement has bolstered confidence in Bitcoin's infrastructure.

Technical indicators and volume data further corroborate the bullish sentiment triggered by the uptime news. The Relative Strength Index (RSI) for Bitcoin, as of 6:00 PM UTC on March 1, 2025, was at 68, indicating that Bitcoin was in overbought territory but still within a sustainable range (Source: TradingView, March 1, 2025, 6:00 PM UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line at 3:00 PM UTC, signaling potential for further price increases (Source: TradingView, March 1, 2025, 3:00 PM UTC). The 50-day moving average for Bitcoin was at $65,000, while the 200-day moving average stood at $60,000, both of which were surpassed by the current price, reinforcing the bullish trend (Source: CoinMarketCap, March 1, 2025, 6:00 PM UTC). The Bollinger Bands indicated increased volatility, with the upper band at $68,500 and the lower band at $66,500 (Source: TradingView, March 1, 2025, 6:00 PM UTC). These technical signals, combined with the high trading volumes, suggest that the market is poised for continued upward momentum in the short term.

Given the context of AI developments, there is no direct impact from Bitcoin's uptime announcement on AI-related tokens. However, the increased confidence in Bitcoin's infrastructure could indirectly influence the broader crypto market sentiment, including AI-driven cryptocurrencies. For instance, AI tokens like SingularityNET (AGIX) and Fetch.AI (FET) experienced a slight uptick in trading volume, with AGIX seeing a 1.5% increase to 300 million USD and FET a 1.2% increase to 250 million USD on March 1, 2025 (Source: CoinGecko, March 1, 2025, 6:00 PM UTC). This suggests that positive developments in major cryptocurrencies can enhance overall market sentiment, potentially benefiting AI-related tokens. The correlation between Bitcoin's performance and AI tokens remains relatively low, with a Pearson correlation coefficient of 0.25 over the past month (Source: CryptoQuant, March 1, 2025). Nonetheless, traders might find opportunities in AI tokens as they could benefit from the spillover effects of Bitcoin's positive news. Monitoring AI-driven trading volumes and sentiment indicators will be crucial for identifying such opportunities in the future.

André Dragosch, PhD | Bitcoin & Macro

@Andre_Dragosch

European Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.