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.
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
BTC-E market snapshot - Month of October
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