A continued bull-bear tussle created a new resistance level at $10,000 by 2020, a trend that continued for the entire pandemic year. This was on the back of the Japanese government having declared Bitcoin as a legal property and payment method earlier in April that year, and several other adoption measures that followed in other parts of the world.Ī slow correction followed, which continued for the most part of 2018, pulling BTC back into lower $3000s in early 2019. On the other hand, downtrends were witnessed whenever there were any government crackdowns on crypto in any part of the world.īTC was hovering around $1,000 at the start of 2017, a period that preceded the 5th significant rally that catapulted its price close to $20,000 by mid-December 2017. This was also the time when Bitcoin’s adoption was growing consistently across multiple industries including Gaming, Public Transport, Hospitality and more. As a result, BTC price gradually went south, receding to under $300 level by January 2015, only regaining its lost ground later that year when it consistently maintained an above-$400 level, with a push towards $500 and beyond by mid-2016. In December 2013, multiple financial authorities in different countries including Denmark, China, Lebanon, France, Malaysia and Norway, issued warnings against Bitcoin and other cryptocurrencies. Tyler and Cameron Winklevoss, the American entrepreneurs popularly known as Winklevoss Brothers bought $11 million worth of Bitcoins in April that year and did their bit to keep the bullish sentiment going. A couple of huge rallies that year, one in April, and another towards the year-end, spiked up its value to $1,121 by December 2013. Then came 2013, one of the most decisive years for Bitcoin’s price. A pullback followed, with bullish and bearish forces settling the coin in the $13 region by August 2012. But the ones who stayed invested have reaped huge benefits.īitcoin’s next significant ascent happened in 2011 when its price jumped from $1 in April that year to a high of $32 in June 2011. On the whole, it won’t be wrong to state that Bitcoin investors have had to face quite a bumpy ride over the past 12 years. It witnessed multiple rallies and crashes thereafter, month after month, and year after year. Its first significant price jump happened in 2010 when BTC appreciated from $0.0008 to $0.08 within a short span of time. Key News for Bitcoinīitcoin’s price history is a clear reflection of the price volatility that the cryptocurrency market is widely recognised for. Let’s take you over some of the noteworthy events that have impacted Bitcoin’s value in the recent past and also understand how this pioneering cryptocurrency has evolved over the past decade, by glancing at its historical timeline. Developers continue to work hard to fix some of the flows, such as high transaction fees and scalability issues. Developments within the community continue to shape the larger cryptocurrency market. As the market continues to grow, evolution continues to take place. Since its launch in 2009, BTC has experienced several bullish cycles and bearish markets, with its global outreach expanding massively to virtually all parts of the world. The finite nature of the asset is one of the key features that make it valuable. ![]() To make it a valuable financial asset, Satoshi Nakamoto ensured scarcity by limiting the total supply to 21 million bitcoins. Bitcoin was developed to be a peer-to-peer network that can carry out online financial transactions between strangers with complete trust and security. Satoshi Nakamoto published the whitepaper called “ Bitcoin: A Peer-to-Peer Electronic Cash System” in 2008 and proceeded to launch the cryptocurrency a year later. Learn more about Bitcoin Bitcoin Bitcoin Price Prediction Buy Bitcoin Buy Bitcoin Anonymously Buy Bitcoin in Australia Buy Bitcoin in Colombia Buy Bitcoin in New Zealand Buy Bitcoin in Norway Buy Bitcoin in Peru Buy Bitcoin in Portugal Buy Bitcoin in Qatar Buy Bitcoin in Singapore Buy Bitcoin in Switzerland Buy Bitcoin in the Philippines Buy Bitcoin in the UAE Buy Bitcoin in Venezuela Buy Bitcoin With a Bank Account Buy Bitcoin With American Express Buy Bitcoin With Apple Pay Buy Bitcoin With Credit Card Buy Bitcoin with Debit Card Buy Bitcoin With Google Pay Buy Bitcoin With Neteller Buy Bitcoin With Paypal Buy Bitcoin with paysafecard Buy Bitcoin With Skrill Buy Bitcoin with Venmo Buy BTC in Canada Buy BTC in Germany Buy BTC in Spain How to Buy Bitcoin in Argentina in 5 Simple Steps How to Buy Bitcoin in Austria in 5 Simple Steps How to Buy Bitcoin in Belgium in 5 Simple Steps How to Buy Bitcoin in Mexico in 5 Simple Steps Invest in Bitcoin UK Should You Buy Bitcoin? Invest in Bitcoin Mine Bitcoin Trade Bitcoinīitcoin came into existence following the global financial crisis of 2008.
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