What is the price of Bitcoin in 2018? How many?

In 2018, Bitcoin experienced significant volatility. At the beginning of the year, its price was close to $20,000, but subsequently experienced a significant decline, reaching as low as below $3,100. As the market fluctuates, the number of Bitcoins in circulation also changes. At the beginning of the year, there were approximately 16 million Bitcoins in circulation, which increased to more than 17 million by the end of the year.

Bitcoin price and quantity in 2018

Price:

In 2018 In 2017, the price of Bitcoin experienced significant fluctuations:

• The price started at about $15,000 at the beginning of the year
• It fell as low as $3,198 in December

Quantity:

As of 2018 At the end of the year, the number of mined Bitcoins was approximately 17.44 million. The total supply of Bitcoin is capped at 21 million, which means that at some point in the future, no new Bitcoins will be mined.

Factors affecting price fluctuations:

Bitcoin price is affected by many factors, including:

• Supply and demand relationship: Bitcoin is a scarce asset and limited supply may drive demand higher.
• Government Regulations: Government attitudes and regulatory initiatives toward cryptocurrencies can affect public confidence.
• Media Coverage: Negative or positive news coverage can affect investor sentiment.
• Technological Development: Advances in blockchain technology and Bitcoin’s scalability solutions can enhance its value.
• Economic Conditions: Macroeconomic factors, such as recessions or changes in interest rates, can also affect the price of Bitcoin.

Future Outlook:

Bitcoin’s future price and volume are difficult to predict, but there is still optimism about its long-term potential. Some experts believe that with the participation of institutional investors and continued innovation in the cryptocurrency space, the price of Bitcoin may continue to rise in the coming years. However, there are risks, such as factors such as government regulation or hacker attacks that could negatively impact the price.

The above is the detailed content of What is the price of Bitcoin in 2018? How many?. For more information, please follow other related articles on the PHP Chinese website!