Unfortunately, I can no longer call Bitcoin a fledgling currency. It has arrived in the mainstream media...more to follow on this in subsequent posts.
Therefore, it is only appropriate that I now change the market icon into the International Space Station. Like the space station, Bitcoin is now here to stay.
So, as part of this weeks update, here are some big retail names accepting Bitcoin.
Here's a brief timeline of the recent BTC value increase. For November it has increased from $200/BTC --> $1200/BTC
- 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)
- Nov 29 ($1226/BTC)
The Bitcoin network capacity was 5180TH/s last week and is now 5550TH/s. The Bitcoin network is now 107% over the span of this week.
The Bitcoin market capitalization is $14.8B this week. For perspective, it was listed at $1.652B --> $2.504B --> $4.0B --> $6.4B --> $10.4B over the last few weeks.