Here's a brief timeline of this huge gain, brief loss and HUGE recovery.
- Oct 2 ($80/BTC),
- Oct 24 ($204/BTC),
- Oct 25 ($155/BTC)
- Nov 2 ($200/BTC)
- Nov 8 ($310/BTC)
- Nov 15 ($475/BTC)
- Nov 17 ($503/BTC)
- Nov 23 (To Be Continued - Prediction of $625)
The Bitcoin network capacity was noted at 3088TH/s three weeks ago, 4217TH/s two week, 3230TH/s last week and is now 4620TH/s. The Bitcoin network is now 143% over the span of this week.
The Bitcoin market capitalization is $6.3B this week. For perspective, it was listed at $1.652B dollars four weeks ago, $2.504B three weeks ago and $4.0B last week.
Bitcoin has exceeded the 2012 GDP of countries such as Barbados ($6.4B), St. Lucia ($2.1B), Antigua ($1.5B), St Kitts ($0.87B)....Additionally other sizable countries are quickly coming within range of BTC surpassing their GDP output.