The price of Bitcoin rose 11.3% in September as the number of ATMs fell slightly, revealing the resilience of the crypto ecosystem.
In September 2024, the price of Bitcoin soared 11.3%, reaching $65,621, even though the total number of Bitcoin ATMs continued its slight decline in this market. The sector, led by manufacturers such as BitAccess, shows a mixed picture in the growth of cryptocurrency infrastructure.
Australia was the most active, adding 35 new devices (3% increase) / CoinATM Radar
The evolution of the price of Bitcoin
The price of Bitcoin began September at $58,969, after a brief decline that took it to its lowest price since February. However, a remarkable recovery allowed it to end the month at $65,621, which represents an increase of $6,652 in just 30 days, a clear sign of the volatility of cryptocurrencies.
Despite the price recovery, the number of Bitcoin ATMs experienced a slight decline of less than 1%. According to CoinATM Radar data, at the beginning of the period there were 38,278 ATMs, while at the end there were 38,173, which implies a net closure of 105 units (-0.3%). During this month, 612 new ATMs were installed, although 717 were closed.
Changes by manufacturers
Among manufacturers, BitAccess and General Bytes lead the list with increases of 161 (1.8%) and 93 (0.8%) machines, respectively. Lamassu also stands out with a significant increase of 81 new devices, representing a growth of 11.7%. The diversity in the manufacturing of Bitcoin and other cryptocurrency ATMs continues to adapt to market demand.
Increase by operators
On the operator front, Bitcoin Depot stands out with 156 new machines, marking a 1.8% increase. One new operator, Knack Kiosk, surprised by installing 78 ATMs for the first time. Other operators such as Localcoin and National Bitcoin ATMs also reported new installations, highlighting the evolving landscape in the sector.
International growth
On a global scale, several countries showed outstanding performance in the installation of Bitcoin ATMs. Australia was the most active, adding 35 new devices (3% increase), followed by Puerto Rico, which grew 9.9% with 14 new ATMs. Despite fluctuations, interest in cryptocurrencies continues to manifest itself through infrastructure expansion.
Support for other cryptocurrencies
In terms of support for other cryptocurrencies, the total number of ATMs accepting secondary cryptocurrencies registered a slight decrease, setting the percentage of ATMs supporting multiple cryptocurrencies at 60.7%. The most notable additions were for Dogecoin and Tether, each with an increase of 52 ATMs, reflecting the continued diversification of cryptocurrency use in the real world.
As September came to a close, the Bitcoin ecosystem is showing resilience to market fluctuations. Although the total number of ATMs decreased, growth in price and increased new installations from some manufacturers and operators suggest that interest in cryptocurrencies remains strong.
Disclaimer: This news is based on data from CoinATM Radar and is intended to provide accurate information about the cryptocurrency market. It should not be considered financial advice.