Bitcoin’s Historical Price Chart from 2009
Bitcoin, the first decentralized digital currency, was created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto. The initial value of Bitcoin was negligible, but it has since experienced remarkable growth and volatility.
Early Years (2009-2010)
* Bitcoin’s value hovered around $0 for most of 2009 and the early part of 2010.
* In July 2010, the first known Bitcoin transaction occurred when Laszlo Hanyecz bought two pizzas for 10,000 Bitcoins, valuing Bitcoin at around $0.008 each.
Initial Surge (2011-2012)
* In 2011, Bitcoin gained significant traction, reaching a high of $32 in June 2011.
* This surge was followed by a period of consolidation and a subsequent dive to $2 in November 2011.
* In 2012, Bitcoin recovered, reaching a new high of $266 in April, before falling back to $100 by the end of the year.
Bubble and Crash (2013-2015)
* In 2013, Bitcoin experienced a parabolic rise, reaching a peak of $1,242 in November.
* This surge was driven by increased media attention and speculation.
* The bubble burst in 2014, with Bitcoin crashing to $200 by the end of the year.
* In 2015, Bitcoin traded between $200 and $500 for most of the year.
Steady Growth (2016-2017)
* From 2016 to mid-2017, Bitcoin experienced a period of steady growth, rising from $500 to around $3,000.
* This growth was supported by increased adoption and awareness.
2017 Surge
* In late 2017, Bitcoin entered a new bull run, reaching a record high of almost $20,000 in December.
* This surge was driven by the launch of Bitcoin futures on major exchanges.
2018-2019 Bear Market
* Following the 2017 bubble, Bitcoin crashed in 2018, falling to $3,000 by the end of the year.
* The bear market continued in 2019, with Bitcoin trading around $4,000 for most of the year.
2020 Recovery
* Bitcoin began a recovery in 2020, rising to $10,000 by the end of the year.
* This growth was supported by the COVID-19 pandemic and institutional interest.
2021 Bull Run
* In 2021, Bitcoin experienced another significant surge, reaching a new all-time high of $69,000 in November.
* This bull run was driven by increased demand and the launch of the first Bitcoin ETF.
2022 Bear Market
* Bitcoin has entered a bear market in 2022, falling to around $17,000 as of August.
* This decline has been driven by macroeconomic factors and the collapse of the Terra Luna stablecoin.
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