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The most complete historical price review of Bitcoin
In its inception in 2009, Bitcoin held virtually no value, but its journey has been marked by surges, crashes, and a steady rise, recently hovering around $17,000.
Oct 22, 2024 at 08:54 pm

The Historic Evolution of Bitcoin: A Comprehensive Price Review
1. Early Beginnings: Creation and Initial Genesis (2009)
- January 3, 2009: Bitcoin, developed by an anonymous creator known as Satoshi Nakamoto, is launched into existence with the mining of the genesis block.
- Initial Value: Virtually negligible, with no established price due to the lack of demand and liquidity.
2. Early Adoption and Price Volatility (2010-2011)
- July 2010: Bitcoin surpasses $0.01 for the first time.
- June 2011: Bitcoin surges to a record high of $32 before experiencing a significant correction, plummeting to around $10.
3. Mainstream Recognition and Bull Market (2012-2013)
- April 2013: Bitcoin reaches $266 as it gains increasing attention and interest from the broader market.
- November 2013: Bitcoin enters a bull market, skyrocketing to an all-time high of $1,242 on the Mt. Gox exchange, primarily driven by speculative trading and hype.
4. Mt. Gox Collapse and Price Crash (2014)
- February 2014: Mt. Gox, the dominant Bitcoin exchange at the time, halts trading due to a massive hack and loss of funds.
- March 2014: Bitcoin's price plunges below $500 as investors lose confidence in exchanges and the cryptocurrency's security.
5. Stabilization and Gradual Growth (2015-2016)
- July 2015: Bitcoin begins to stabilize around $250, largely driven by its increasing use for online transactions and its growing acceptance as a legitimate asset.
- June 2016: Bitcoin surpasses $750, fueled by regulatory clarity and increased institutional interest.
6. Surge and Bubble Burst (2017)
- November 2017: A cryptocurrency frenzy propels Bitcoin to an unprecedented peak of almost $20,000.
- December 2017: Bitcoin experiences a sharp correction as investors cash in on their gains, leading to a bubble burst and a significant price decline.
7. Prolonged Bear Market (2018-2019)
- January 2018: Bitcoin falls below $10,000 and enters a prolonged bear market, characterized by low demand and falling prices.
- June 2019: Bitcoin reaches its lowest point in this period, at around $3,200.
8. Recovery and Steady Growth (2020-2021)
- March 2020: Following the COVID-19 pandemic, Bitcoin rebounds strongly, rising above $7,000.
- November 2021: Bitcoin sets a new all-time high of $69,000, driven by institutional adoption, rising inflation fears, and the launch of Bitcoin futures exchange-traded funds (ETFs).
9. Correction and Sideways Trading (2022)
- January 2022: Bitcoin begins a correction, falling sharply from its record high.
- November 2022: Bitcoin experiences further volatility and uncertainty due to the collapse of the FTX exchange and the impact of macroeconomic factors.
- Present (December 2022): Bitcoin continues to trade sideways, ranging between $16,000 and $18,000.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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