The past two weeks have provided more stability with respect to the value of Bitcoin. There is continued improvement in the value of the currency for those who are still reviewing Bitcoin and it's long term viability.
The currency hit a short term bottom this week of approx $87 and then promptly rebounded to a high of $97.
While the price did not escalate outside of the $80-$100 range of the past 3 months it continues to show stability and this will improve the long term viability of the currency.
Two Week Pricing Band (click image to enlarge)
The currency hit a short term bottom this week of approx $87 and then promptly rebounded to a high of $97.
While the price did not escalate outside of the $80-$100 range of the past 3 months it continues to show stability and this will improve the long term viability of the currency.
Two Week Pricing Band (click image to enlarge)
3 Month Pricing Band (click image to enlarge)
Bitcoin Market Review
The Bitcoin market continues to stabilize around the $1B valuation level.
Within this weekly period the network power has increased from 195 TH/s to 234 TH/s. This represents a 20% growth in only 2 weeks...Continued investment into the Bitcoin network!!
Bitcoin market
The Bitcoin market continues to stabilize around the $1B valuation level.
Within this weekly period the network power has increased from 195 TH/s to 234 TH/s. This represents a 20% growth in only 2 weeks...Continued investment into the Bitcoin network!!
Bitcoin market
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