Based on our update last week, the pricing was near $500/BTC and now is rising to around $700/BTC.
Bitcoin Network Capacity
The Bitcoin network capacity is 27.31PH/s this week and was 25.29PH/s. The Bitcoin network is now 108% over the span of this week.
This is another example of the leveling trend for the network capacity due to the extreme level of overall network. Due to the high level of network calculation, the difficulty increments require huge capital increases in hashing power.
Bitcoin Market Capitalization
The Bitcoin market capitalization remains at $7.2B this week. This has demonstrated the BTC currency resiliency during the shutdown of one of the oldest and largest trading hubs, Mt. Gox.
Bitcoin has opened into a larger customer base and introduced a new paradigm changing the way of transferring funds between individuals without any bank intermediary.