Bitcoin continues to appreciate in value this week. It stabilized around $900/BTC this week.
Based on our announcement last week, Overstock.com reports $180k in additional sales in one day due to Bitcoin (source Wired)...There are rumblings that Netflix and Newegg are looking to use the currency in the near future.
The Bitcoin network capacity was 10.33PH/s last week and is now 14.38PH/s. The Bitcoin network is now 139% over the span of this week.
The Bitcoin market capitalization is $11.4B this week. For perspective, it was listed at $1.652B --> $2.504B --> $4.0B --> $6.4B --> $10.4B --> $14.8B --> $12.9B --> $11.9B --> $8.27B --> $9.8B --> 9.89B over the last few weeks.
Bitcoin has recently been accepted by attorneys, politicians in the US and continues to build momentum with investment by a very diverse group.
If we look at the pricing trends this week, Mt Gox showed an impressive increase to approx $1,100.00 on Jan 6th and a cooling off period to stability around $900.
On Virtex Canada, it appears the pricing was a little more subdued with a Jan 6th increase to $1,000.00 and stability around $900.
Based on our announcement last week, Overstock.com reports $180k in additional sales in one day due to Bitcoin (source Wired)...There are rumblings that Netflix and Newegg are looking to use the currency in the near future.
The Bitcoin network capacity was 10.33PH/s last week and is now 14.38PH/s. The Bitcoin network is now 139% over the span of this week.
The Bitcoin market capitalization is $11.4B this week. For perspective, it was listed at $1.652B --> $2.504B --> $4.0B --> $6.4B --> $10.4B --> $14.8B --> $12.9B --> $11.9B --> $8.27B --> $9.8B --> 9.89B over the last few weeks.
Bitcoin has recently been accepted by attorneys, politicians in the US and continues to build momentum with investment by a very diverse group.
If we look at the pricing trends this week, Mt Gox showed an impressive increase to approx $1,100.00 on Jan 6th and a cooling off period to stability around $900.
On Virtex Canada, it appears the pricing was a little more subdued with a Jan 6th increase to $1,000.00 and stability around $900.
MT Gox - Weekly Pricing
Virtex - Weekly Pricing
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