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Bitcoin Market Summary - Sept 8

9/8/2013

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The past week has shown a negative fluctuation in Bitcoin price. 

The Bitcoin network capacity was last noted at 640 TH/s. Currently the network sits at 665 TH/s

The network has increased by  in 104% in one week. This is the first time that the network has not increased by 120+% in a one week period.

The Bitcoin market capitalization is now listed at $1.535 billion dollars. This means the Bitcoin market as a whole has decreased in value by ($65M) in one week.

Does this mean that interest in Bitcoin is wavering? Not necessarily, there is also a lag in the current manufacturing field of Bitcoin mining ASIC devices. See our summary here. The next generation of these devices is scheduled to ship in Oct and Dec 2013. 

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