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Bitcoin Market Summary - Oct 25

10/25/2013

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Well, we have certainly seen volatility in the value of Bitcoin this week. This week included the most recent high price for Bitcoin, a local low price and a quick rebound in the middle.

Certainly a roller coaster week for those investing in Bitcoin.

For savvy investors who may have timed the market perfectly in October, here are the results...Oct 2 ($80/BTC), Oct  24 ($204/BTC). Overall, a tidy 255% return in only three weeks.

The Bitcoin network capacity was noted at 2808TH/s and has grown again to 3088TH/s. The Bitcoin network is now 110% over the span of this week. 

The Bitcoin market capitalization was listed at $1.652B dollars three weeks ago, $2.190B last week and is now $2.496B (MT Gox Pricing). 

This continues to show significant investment in the Bitcoin mining and currency markets and the Bitcoin market as a whole has increased in value by  another $306M this week. 

BTC-E current market snapshot - Oct 25
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BTC-E market snapshot - Month of October
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