2012-05-04 Bitcoin’s “Hockey Stick” Growth Attributed To Novel Gaming Service

[PawShaker]

Bitcoin’s “Hockey Stick” Growth Attributed To Novel Gaming Service

Eleven months ago Bitcoin’s trajectory was nearly vertical as each day brought a higher price and the daily transaction volumes on the Bitcoin network were seeing new record levels each day as well.  But then suddenly the ascent stopped and what followed was a long slide back towards earth.

In the months that followed those June 2011 highs the exchange rate had dropped by more than 90% from the earlier highs and the transaction volumes had dropped as low as 68% from the peak.  While the exchange rate is still down considerably with bitcoins trading around $5 USD now the daily transaction volume has shot back up and is once again breaking new records.
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http://www.bitcoinmoney.com/post/22374833252/sastoshi-dice-launch

Note: Looks almost like an ad for SatoshiDice, however if observation on number of transactions is correct it may be interesting.

[Boussac]

Since the price has been stable around 5 USD for the past two months or so while, in the same time period, more than 400 000 new bitcoins were created, we are also witnessing a steady growth of the market capitalization.

Is there a graph somewhere plotting the total market cap over time ?

[hazek]

Is there a graph somewhere plotting the total market cap over time ?

http://www.blockchain.info/charts/market-cap

[Boussac]

Is there a graph somewhere plotting the total market cap over time ?

http://www.blockchain.info/charts/market-cap

Thanks, I had missed that one.