Bitcoin Price Analysis – SegWit picking up steam

Bitcoin (BTC) has risen 30% since April 12th, with most of those gains occurring in two days. The market cap now stands at US$151.23 billion, with US$2.44 billion traded in the past 24 hours.The networks hash rate and difficulty continue to increase month over month. This trend should continue unabated, with several new mining hardware products being shipped this quarter. The current rate of block discovery reflects the continued addition of hash rate. Block times (not shown) have remained consistently below 10 minutes per block since January.