The history of Bitcoin is constantly alternating with rapid ups and downs. This digital currency is capable of rapidly gaining 1000% value in a month. It happened that the most famous cryptocurrency fell 5 times in price in a matter of days. As a result, we came to the conclusion that Bitcoin went through a chaotic path from $ 100 to $ 57,000. How it was?
2013
At the time of this writing, February 20, 2021, 1 BTC is worth $ 57.7 thousand. The first big rise in the currency took place in 2013, when 1 Bitcoin rose suddenly to $ 130. Since then, growth has largely continued. Until the end of 2013, the total value increase was more than 1000%, and then 1 BTC cost buyers $ 1127.
2014 – 2016
The first phase of value growth ended the following year. 2014 was marked by a decline in cryptocurrency. As a result, the value rolled back to 1 BTC = $ 172. The reason was the bearish trend. This state of affairs did not last long, and by the end of 2014, Bitcoin managed to significantly recover. The final price was $ 400. This value continues for an incredible 2 years of stability. The final exact calm was the beginning of May 2016.
After that, 1 BTC still skyrocketed to $ 756 by mid-June. Volatility manifestations made themselves felt until the end of 2016, and Bitcoin further went from falling to the level of $ 580, and to growing to a new level of $ 966. The most interesting was ahead.
2017 – 2021
The first half of 2017 allowed the famous cryptocurrency to finally increase the four-digit price in US dollars. In the middle of the summer, Bitcoin could be purchased for $ 3000. Three months later, the price tag more than doubled to $ 6,300. The legendary first historical maximum of Bitcoin happened on December 16, 2017, when 1 BTC could get $ 19,600.
Further, the trend changed sharply, and the price of began to decline. Throughout 2018, there has been a total decline in Bitcoin. As a result, in 12 months it dropped in price by more than 6 times and consolidated only at $ 3200.
After the crisis, a new rebirth begins from the ashes. By April 2019, the price rises relatively smoothly to $ 5500. Over the next 2 months, the growth rate increases, and by the end of the first half of 2019, the cost of 1 bitcoin is already estimated at $ 13,000. Hopes for stable growth at that time turned out to be hasty, and in the second half of 2019 there is a correction to $ 6,600 per 1 BTC.
The beginning of 2020 returned a five-figure value, all the way up to $ 10,200. With the onset of the pandemic, the price tag sagged below $ 5,000. But everything changed dramatically in the fall of 2020 again. September resulted in $ 11K, and at the end of the coronavirus year, you could buy Bitokin for $ 28,000. Today, the currency is worth the $ 57,000 indicated at the beginning of the article and continues to grow. The total capitalization of bitcoin is over $ 1 trillion dollars at the moment.
