Since the birth of Bitcoin a lot has happened. Sometimes its price has gone up and other times it has gone down, which is normal considering that it is a currency whose value comes from use.
However, This has taken it from being worth absolutely nothing to exceeding $60.000 USD, its last historical mark reached in November 2021.
bitcoin price 2009-2010
The history of the historical price of Bitcoin begins in 2009, at that time Bitcoin was a nascent and little-known project. Let's see how the evolution was then:
- January 2009 – January 2010, nothing (€0): There were no exchange houses where you could buy bitcoins. Users exchanged it among themselves in forums as a test. As a digital currency it was a simple experiment that sought to transform the world.
- February 2010 - May 2010, less than $ 0.003: On May 22, 2010, the user Laszlo Hayneck made the first transaction for a good Laszlo would have bought two pizzas in Jacksonville (Florida) for 10,000 BTC. User “SmokeTooMuch” tried to auction 10,000 BTC for $50, but no one bought it. Laszlo's action became what we know today as Bitcoin Pizza Day.
- July 2010, $ 0.08: In five days the price of Bitcoin grew 1000% from $0.008 to $0.08 per bitcoin.
How much did a bitcoin cost in 2011 and 2013?
Little by little, the strength of Bitcoin became more and more evident. But history would give an important advance when Bitcoin reached parity with the dollar, that is, when each Bitcoin became worth one dollar.
- February 2011 – April 2011, $1: Bitcoin achieves something that was believed impossible, increases its price to reach parity with the dollar. A great interest in virtual currencies is beginning to develop.
- 8 July of 2011: Bitcoin reached $31 the maximum of the first “bubble”. Then came the first price drop. Those who managed to invest in Bitcoin made their first big profits, taking advantage of the BTC price fluctuation.
- December 2011, $ 2: The minimum after a few months. Distrust in Bitcoin spreads.
- December 2012, $ 13: It grows slowly for a year. Bitcoin stabilizes in a short term and a slow price rise begins.
- April 2013, $ 266: Maximum of a dizzying ascent where the price increases between 5% and 10% every day.
- May 2013, $ 130: A few months of stability in the cryptocurrency financial markets.
- June 2013, $ 100: In June it falls to $70 but in July it rises to $110.
Already for this period, the historical price of Bitcoin had transformed the community that supported the project. With exchanges, a rich community that grew more and more daily, and with a very clear vision of the future.
Bitcoin was destined to become a respectable global currency, on a par with other currencies and store-of-value items like gold. The following years would be the most important for Bitcoin to show its capabilities.
Bitcoin Evolution
The end of 2013 was highly dynamic, and here we show a part of what happened back then.
- November 2013, $ 350 - $ 1250: Between October and November it went from $150 to $200, growing to $400 in one month. Then $600, $900 and finally breaking the $1000 ceiling on November 27, 2013.
- December 2013, $ 600 - $ 1000: The price plummets to $ 600, rebounds to $ 1000, and falls back to $ 500. It ranges from $ 650 to $ 800.
- January 2014, $ 750 - $ 1000: The price touched $1000 in early January briefly, then hovered between $800 and $900 for the rest of the month.
- February. 2014, $ 550 - $ 750: After MT closure. Gox the price is affected and is between $ 600 and $ 700.
- March 2014, $ 450 - $ 700: The price falls due to a false report in which the Chinese government censored Bitcoin. In the false report they forced the banks to close the accounts of all the exchange houses that worked with Bitcoin.
- April 2014, $ 340 - $ 530: The lowest price since 2012-2013 was reached on April 11 at 3:25AM.
- May 2014, $ 440 - $ 630: In the last days of May the price of Bitcoin grows 30%.
- March 2015, $ 200 - $ 300: Price drops again in early 2015
- November 2015, $ 395 - $ 504: During 2015 the price was increasing regularly reaching $504 in November.
Bitcoin price in 2017 bull market
The year 2017 was perhaps the most intense for crypto investors and traders. This year, Bitcoin began to grow rapidly and its evolution led us to milestones such as:
- February 2017, $ 1222: During 2016 and early 2017, the price had large increases, multiplying by 3 due to world political events: Brexit, Trump as president of the United States, China and its crises, India and its economic policies, crisis of new banks. Besides Bitcoin halving which took place in July 2016.
- March 2017, $1270: With the advent of ETF Promoted before the SEC by the Winklevoss brothers, Bitcoin breaks all kinds of records: highest price in history, even surpassing gold, highest capitalization in history, highest number of users, highest number of endorsements and acceptance.
- May 2017, +$2.000: It opens the month with a price of approximately $1.400 and on May 20, 2017 it exceeds $2.000 for the first time.
- May-June 2017, +$3.000: On June 12, Bitcoin breaks the $3.000 barrier for the first time and reaches $3.200.
- August 2017, $4.400: On August 1 it forks and Bitcoin Cash is born, fact that causes a slight setback in the value of Bitcoin but on August 12, 2017 the barrier of $4.000 is passed and on August 14, 2017 it reaches a maximum of $4.400.
- September 1, 2017, $5.000: Break the $5.000 barrier.
- September 12, 2017, $2.900: Its value plummets due to China's restriction on ICOs, Bitcoin and financial repression on cryptocurrencies.
- October 13, 2017, $5.600: A month later, it is found that the strong repression in China does not exist and the price rises again.
- October 21, 2017, $6.180: The Bitcoin Gold fork is near and its value is escalating rapidly.
- November 17-20, 2017, $7.600-8.100: Its value shoots up reaching $ 8004,59 for 1 BTC. It is speculated that this could be caused by the coup in Zimbabwe where a local Bitcoin exchange would have sold bitcoins for $ 13.500.
- December 8, 2017, $18.300: The value of Bitcoin skyrockets due to the avalanche of acceptances and a large amount of funds that entered the market.
- December 17, 2017, $19.900: Historical high of 1 BTC according to CoinMarketCap. Exchanges from South Korea passed $21.000 for every 1 BTC. This all-time high marked the boom of cryptocurrencies worldwide and put its potential on everyone's lips.
At this point, the historical price of Bitcoin reached its maximum. It was the cryptocurrency boom and it attracted the attention of millions of people around the world.
bitcoin price 2018 bear market
However, the high prices came to an end and in 2018 the bear market (bear market) began to take its toll on the price. So, the historical prices of Bitcoin marked the following milestones:
- February 2, 2018, $6.375: Just over a month after the all-time high, it loses more than two-thirds of its value in an extremely strong price correction.
- February 20, 2018, $11.785: The value of Bitcoin rises again.
- April 2018, $6.700-9.400: It starts at $6.700, but throughout the month it goes up to $9.396 with which April closes.
- May-July 2018, $9.900-5.995: It goes from $9.900 marked on May 5, 2018 to $5.995, being the first time since October 21, 2017 that it falls below $6.000.
- July 1-August 15, 2018, $6.354 / $8.315 / $6.341: Large fluctuations that have their origin in part in the refusals of the US SEC to admit Bitcoin ETFs and the proximity of the summer vacation period.
- September / October 2018, $6.400 / $6.700: The price has remained stable with minimal variations during this period.
- November 14, 2018, $5.600: Bitcoin price plunges to around $ 1.000 (-10%) in less than ten minutes per a massive sale of 80.000 BTC. It is not known who the seller of all these bitcoins is, but BitMEX and Bitmain are being targeted as the Bitcoin Cash hardfork approaches. Other information suggests that 106.000 BTC would have finally moved between cold wallets from Binance, claiming a security move.
Bitcoin and hard forks
If anything has defined Bitcoin, it is the strong cohesion of its community. However, this has not prevented certain people from creating projects emulating their capabilities. One of those projects is Bitcoin Cash (BCH) which from the beginning was plagued by internal disputes.
One of them, starring Craig Wright, led to the creation of a Bitcoin Cash hard fork, called Bitcoin Cash Satoshi Vision (BSV). Both hard forks had a certain impact on the Bitcoin price as the history shows.
- November 19, 2018, $5.000 / $4.900: Another drop in the price of Bitcoin due to apparently high movements in a few accounts that would have moved around 60.000 BTC in the middle of the hard forks war between Bitcoin Cash ABC and Bitcoin Cash Satoshi Vision.
- 20 November of 2018, $ 4.388: After breaking the support of $5.044, the price of each bitcoin fell to $4.388, quickly rebounding to $4.500.
2019, new hopes and new bull markets
The arrival of 2019 kept prices down, but stable. However, many expected the recovery of Bitcoin, they announced it, and finally it arrived.
- January 2019: The price of Bitcoin keeps fluctuating between $ 3700 and $ 3400.
- April 2019: The price of Bitcoin was beginning to recover. On April 1, 2019, the price was at $4126 USD and ended the month above $5000 USD.
- July 2019: On July 12, 2019, Bitcoin reached $12.958 USD, in what would be the highest price reached this year. The recovery of the markets brought projects to the fore again and gave them the economic boost they needed to become stronger again.
- July to December 2019: The price of Bitcoin falls and remains fluctuating in the band of $7500 and $8000 USD. The market stabilized again.
2020, the stable crypto market and the new Bitcoin halving at the gates
The year 2020 began with a price of Bitcoin fluctuating between $8500 and $9000 USD. The specialists thought that this dynamic would continue to give rise to a new bull market with the activation of the new halving In the net.
The third Bitcoin halving took place on May 11 (approx. 21:00 UTC) and had a strong impact on the Bitcoin price.
- January 2020: A low of $6884 USD and a high above $9000 USD at the end of the month, the Bitcoin and crypto markets were in the green.
- February 2020: Bitcoin price reaches its resistance above $ 10.400 USD, but ends the month with a value of $ 8543 USD.
- March 2020: With the global lockdown and the shock of the coronavirus, Bitcoin suffered a resounding fall to $3800 USD. However, it quickly recovered and hovered around $6400 USD.
- April 2020: The month started with a price of $6400 USD, rose to $9100 USD and ended again at the support of $6000 USD.
- May 2020: The wait for the Bitcoin halving begins and the markets feel the pressure, a bullish rally took Bitcoin to $10500 USD, and days later in less than 5 minutes, the price plummeted to $8500 USD. A few days before the halving, the buying pressure of Bitcoin continued favoring the rise in prices, high expectations due to the post-halving situation.
- June 2020: Bitcoin's entry price this month was $9551 USD, with its low point in the middle of the month touching $9050 USD, and ending with a value of $9141 USD.
- July 2020: Bitcoin's entry price was $9141 USD and everything seemed to indicate that it would end the month with a value of over $11.000 USD due to a small bull run.
- August 2020: The entry price in August was $11800 USD and ended at $11727 USD.
- September 2020: This month, the entry was $11727 USD and ended the month with a value of $10780 USD.
- October 2020: October started with a value of $10780 USD and ended with a value of $13533 USD.
- November 2020: Bitcoin rally began, starting at $13800 USD and ending at $18.000 USD.
- December 2020: The new Bitcoin bull run effectively begins, starting the month at $18.900 USD and ending the year on $28 USD. Bitcoin broke its old 2017 ATH on December 16, when most exchanges started marking Bitcoin's new ATH above $20 USD.
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2021, a new year, a new bull run
The arrival of the new year seems to mark the beginning of a new bullrun as it happened in 2017, but this time, everything indicates that this bullrun will continue for longer due to the arrival of institutional players, companies and large investors to the world of cryptocurrencies.
- January 2021: Bitcoin started the year in a bullish mode and headed for new ATHs, on January 1, as a new year gift, Bitcoin reaches $29 USD. However, in just under 8 days (January 9), Bitcoin reaches $41 USD. At this point, a price correction begins and takes Bitcoin to $35 USD. Despite the correction, market sentiment was bullish.
- February 2021: it opened with $33.500 and ends the same at $45.159. The bull run continues to take hold and markets in general were in the green.
- March 2021: it started the month with a price of $49.512 and ended with $58.526 per BTC. The upward trend continued.
- April 2021: it opened the month at $59.028 and ended slightly lower at $57.200.
- May 2021: It started the month at $57.800, but the previous bearish momentum held and pushed the price of BTC to $37.290, returning to the previous support price.
- June 2021: it started the month with a price of $36.699 and ended with a price of $35.035, a month of sideways movement and contained markets.
- July 2021: the month started at $35.030 and ended with a slight recovery that placed the price at $41.553.
- August 2021: It started the month at $41.510 and ended the month with another slight rally in value that took BTC to $47.130.
- September 2021: the month started at $47.120, but ended with a drop to $43.820.
- October 2021: the month started at $43.820 and rallied to $66.900, but then leveled off to end the month at $61.300 per BCT.
- November 2021: November started with $61.300, but began a deep fall and instability that takes the price to $56.882 to close the month.
- December 2021: the market decline continued and the final price for the month was $46.200.
Despite the rises and falls, Bitcoin started the year with a much lower price than it was at the end of it, showing that 2021 was a good bull run year for cryptocurrencies and markets in general.
2022, bear-market and unscrupulous players
The year 2021 ended up being a good year despite its rise and fall, but it ended with a sharp drop and bad forecasts for the year 2022. What nobody expected is that a series of unscrupulous players would throw everything overboard and bear market to prevail in the cryptocurrency markets.
- January 2022: the decline continued and the price of BTC fell to $38.940.
- February 2022: The month started strong, with an initial price of $38.470, but it ended with a recovery that took the price to $43.200.
- March 2022: it opened the month with the same momentum, with a price of $43.270 and ended the month with a price of $45.525. Confidence in the markets was growing, but there was some fear about measures that could be taken in the Terra/Luna DeFi ecosystem.
- April 2022: andThe month opened with confidence at $45.520, but the situation in Terra/Luna and its ramifications began to generate fear, the market generally retreated and the BTC price ended at $37.650.
- May 2022: The month started with the same fears as Terra/Luna, the price of BTC opened at $37.520. On May 5th the problems started on Terra/Luna, UST was destabilized. In the following days until May 12, 2022, Terra/Luna suffered a drop of more than 100000%. LUNA token price plummeted from $82 to $0,0001089, all tokens related to the Terra ecosystem fell. BTC was affected by DeFi lending correlation which sent the price down to as low as $31.700.
- June 2022: the Terra/Luna chaos continued to wreak havoc, this time with companies that had extensive exposure to this ecosystem. The sale of BTCs is forced trying to recover liquidity and the market is flooded. The price of BTC that starts the month at 31.700 continues to fall to $19.900.
- July 2022: the market stabilizes, the Terra/Luna hecatomb and its ramifications were over, at least the worst part. A slight market recovery caused the price of Bitcoin to end the month above $23.300.
- August 2022: again bad players within the ecosystem affected the price of BTC. This time with ramifications that affected giants like BlockFi, Alameda Research, Celsius, 3AC, among others. The price of Bitcoin fell as low as $20.050, amid bankruptcy fears for some major companies.
- September 2022: The fall of 3AC, Celsius and what happened in Lido, hit the market although the price of BTC remained strong in its area, ending the month with a slight fall that took it to $19.400, to be expected in the midst of so much commotion and such a strong bear market.
- October 2022: a quiet month, the bear market was still present, but the price of BTC remained in its zone. The month started at $19.420 and ended with a recovery to $20.490.
- November 2022: It started the month at $20.480 and, although it seemed that the price was beginning to recover, reaching the barrier of $21.000, the collapse of FTX and its investment arm Alameda Research, as well as the following scandals due to the mismanagement of Customer funds pushed Bitcoin to multi-year lows, dipping below $16.000 and ending near $17.000.
- December 2022: December began at around $17.000 and, although it recovered towards the middle of the month, it fell again (caused by investors' lack of confidence in the crypto markets) and closed the year in that price range.
2023, starting a new market year
The year 2022 ended with an important bear market for the entire crypto sector, however, it also left a clear message: the value of Bitcoin and many cryptocurrencies trumps even the wildest visions of a fall of many detractors of the technology. This is how in this new year, Bitcoin begins as follows:
- January 2023: we started the month with a price of $16.585 per BTC and closed the month with a value of $22.930, an important recovery that seeks to leave behind the red numbers of the bear market at the end of 2022.
- February 2023: the month opens at $23.100 and throughout the month there is a strong lateral movement in the price, which goes as low as $21.100, but ends up closing at $23.150.
Although the first two months of 2023 have been quite busy, the recovery of the Bitcoin price has been well received by the market, which has been able to see in this recovery the opportunity to clean up players within the ecosystem.