The price of Bitcoin appears to have bottomed out this week and is slowly regaining strength.
Bitcoin Network Capacity
The Bitcoin network capacity is 45.6PH/s this week and was 37.8PH/s. This represents a major increase of mining hardware over the past week. Perhaps a large shipment of miners turning hardware back on once price has slowly recovered. This created an increase in the Bitcoin network of 120% over the span of this week.
Bitcoin Market Capitalization
The Bitcoin market capitalization has flatlined this week. Currently, at $5.75B, and was $5.8B the past week. This is demonstrating the short term stability has crept back in to the Bitcoin market.
Looking Forward
Bitcoin has a tough road to recover its $1000 pricepoint but can continue to find new interest within the internet community.
Bitcoin Pricing Commentary
The price of BTC continues to slowly build from decrease in March...Up from approx $400/BTC to around $470/BTC.
Bitcoin Network Capacity
The Bitcoin network capacity is 45.6PH/s this week and was 37.8PH/s. This represents a major increase of mining hardware over the past week. Perhaps a large shipment of miners turning hardware back on once price has slowly recovered. This created an increase in the Bitcoin network of 120% over the span of this week.
Bitcoin Market Capitalization
The Bitcoin market capitalization has flatlined this week. Currently, at $5.75B, and was $5.8B the past week. This is demonstrating the short term stability has crept back in to the Bitcoin market.
Looking Forward
Bitcoin has a tough road to recover its $1000 pricepoint but can continue to find new interest within the internet community.
Bitcoin Pricing Commentary
The price of BTC continues to slowly build from decrease in March...Up from approx $400/BTC to around $470/BTC.
BTC-E Weekly pricing
Virtex Canada - Weekly pricing
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