If you don't follow the BTC pricing this week, here is a quick summary ....It hit $900/BTC on Monday...Then it crashed to $400/BTC on Tuesday. However it now sits just north of $800/BTC on Saturday....Remarkable.
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 18 ($900/BTC)
- Nov 19 ($400/BTC)
- Nov 23 ($810/BTC)
The Bitcoin network capacity was noted at 3088TH/s four weeks ago, 4217TH/s three weeks ago, 3230TH/s two weeks ago, was 4620TH/s last week and is now 5180TH/s. The Bitcoin network is now 121% over the span of this week.
The Bitcoin market capitalization is $10.4B this week. For perspective, it was listed at $1.652B --> $2.504B --> $4.0B --> $6.4B over the last few weeks.
Bitcoin has exceeded the 2012 GDP of countries such as Barbados ($6.4B), St. Lucia($2.1B), Antigua ($1.5B), St Kitts ($0.87B) and now Bahamas ($10.4B)