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Bitcoin Market Summary - Nov 17 update

11/16/2013

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BTC price has launched and has left the earth...This is extremely exciting time for BTC currency!!

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.

Quick Fact:
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.

Source: http://www.econstats.com/weo/V010.htm

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