Bitcoin Network Capacity
The Bitcoin network capacity is 37.8PH/s this week and was 42.7PH/s. This represents the first decline in the Bitcoin network for a long time at 88% over the span of this week.
Bitcoin Market Capitalization
The Bitcoin market capitalization has also declined. Currently, at $5.8B, falling from $7.7B the past two weeks. This is demonstrating the short term instability has crept back in to the Bitcoin market and this will hinder longer term growth.
Bitcoin continues to find it's way in pioneering the digital currency space and is having a tough time proving it's worth.
Bitcoin Pricing Commentary
The price of BTC continues to decrease in March...Down from approx $700/BTC to around $500/BTC.