The most complete historical price review of Bitcoin since its birth (latest version in 2024)

Bitcoin’s historical price has soared from $0 at creation, through bubbles and bear markets, reaching a high of $69,000 in 2022. The subsequent market downturn saw it fall below $15,000, remaining volatile in 2023-2024, and currently hovering around $20,000. Factors affecting its price include: 1. Government regulation 2. Institutional investment 3. Technology development 4. Economic conditions 5. Public sentiment

Bitcoin Historical Price Review (2024 Update)

Birth (2009 )

• On January 3, 2009, Bitcoin was created by the anonymous figure Satoshi Nakamoto.
• Initial Price: $0

Early Volatility (2010-2013)

• In February 2010, Bitcoin topped $1 for the first time.
• In 2011, the price surged to $32 before a sharp correction.
• In 2013, it hit $1,000 for the first time, but then crashed again.

Rapid Growth and Bubbles (2017)

• In 2017, Bitcoin experienced explosive growth.
• In December, it reached an all-time high of $19,800.

Bear Market and Recovery (2018-2021)

• In 2018, Bitcoin plummeted, falling below $3,200.
• In 2019-2020, prices stabilized between $6,000-10,000.
• In 2021, prices surged again as institutional investors poured in.

Bull Market Extensions and Corrections (2022-2024)

• In 2022, Bitcoin hit a new high of nearly $69,000.
• Afterwards, the cryptocurrency market went into a downturn, with Bitcoin falling below $15,000.
• In 2023 and 2024, the price remains volatile and is currently hovering around $20,000.

Factors affecting price

• Government regulation
• Institutional investment
• Technological developments
• Economic conditions
• Popular sentiment

Bitcoin (BTC), the digital currency giant, is experiencing price volatility. As of 14:00 on July 4, 2024, BTC is worth $58884.42, with a trading volume of over $336 billion. BTC price fell by 3.45% in the past 24 hours, causing its circulating market capitalization to drop to $1.16 trillion.

The maximum supply of Bitcoin is set at 21 million, and the current circulation is 19.7 million. The digital asset’s scarcity is a key driver of its value. While external factors such as market sentiment and regulatory moves can impact BTC prices, its limited supply and reputation as digital gold will likely continue to support its long-term growth potential.

The above is the detailed content of The most complete historical price review of Bitcoin since its birth (latest version in 2024). For more information, please follow other related articles on the PHP Chinese website!