Bitcoin Network Capacity
The Bitcoin network capacity is 63.5PH/s this week and was 54.4PH/s. This represents another major outlay of mining hardware over the past week. This directly relates to a Bitcoin network growth of 116% over the span of this week. This marks three weeks of concurrent 116-120% growth.
Bitcoin Market Capitalization
The Bitcoin market capitalization has recovered overnight. Currently, at $6.4B, and was $6.4B the past week.
Bitcoin Pricing Commentary
The price of BTC has rapidly rebounded from a low around mid March of approx $400/BTC to stabilize around $550/BTC.