As you can see in the chart above, the year saw a steady appreciation in the price of Bitcoin followed by a huge blow-off top to nearly $20,000. How Much was 1 Bitcoin Worth in 2016?Ģ017 is a year that lives in crypto history. In November, the Unicode Committee adopted the current Bitcoin currency symbol ( ₿), giving the internet's first widespread native currency its own character. This investigation would eventually lead to the creation of the BitLicense. In June, the New York State Department of Financial Services began its investigation into Bitcoin and cryptocurrencies. The price of Bitcoin topped $500 for the first time in over a year later in 2015. In fact, January 2015 was the last time you could ever buy 1 BTC for $150. $150 marked the local bottom for the year, though.
#BIT COIN IN US DOLLARS SERIES#
Coinbase had better news, though, as the exchange raised $75 million in its Series C funding round. This may have been inspired by the announcement from prominent European exchange Bitstamp that they had lost 19,000 BTC in a hack.
This included a -24% drop in just one day on the 14th of January. The price of Bitcoin in 2015 started off weakly, with a -50% selloff in the first two weeks of the year.
This came in December 2013 and led to the shutdown of BTC China - at that time the world's largest Bitcoin exchanges - and a sudden drop in price. The internet's first cryptocurrency also gained some notoriety after the People's Bank of China prohibited Chinese financial institutions from transacting in Bitcoins. The world's first Bitcoin ATM was installed in Vancouver, allowing people to turn their cash into crypto. In February of 2013, Coinbase reported selling more than $1 million worth of Bitcoin at an average price of $22.
The drawdown reached -85% at its bottom and the price of Bitcoin was relatively flat for years.īitcoin's record-breaking run pushed the cryptocurrency's market capitalization over $1 billion for the first time ever. Despite reaching prices that early Bitcoiners had only ever dreamed about, it took more than three years for the price to reach $1,000 again. It then cooled off for a while, before experiencing another rapid appreciation to over $1,100 in December of that year.īitcoin punched through $100 easily, though $1,000 proved to be a tougher psychological resistance level.
From $13.00 at the beginning of the year, Bitcoin hit nearly $250 in April. How Much was 1 Bitcoin Worth in 2010?īitcoin's price never topped $1 in 2010! Its highest price for the year was just $0.39!Ģ010 is the year in which the famous purchase of two Dominos pizzas for 10,000 BTC took place.īitcoinTalk forum member laszlo offered the following trade:Ģ013 saw the first major spike in the price of Bitcoin since 2011. This puts the first recorded price at which Bitcoin exchanged hands at $0.00099/BTC. The BitcoinTalk forum member NewLibertyStandard set up New Liberty Standard Exchange, and another forum user - Sirius - sent him 5050 BTC in exchange for $5.02 through PayPal. Keep in mind that this was when the block reward was 50 BTC and there were very few people mining. The BitcoinTalk forum went online in late 2009 and soon enough one regular proposed the idea of an exchange where people could buy and sell Bitcoins for fiat currency. But there was at least one exchange established in the first year since Bitcoin's inception. In the very early days of Bitcoin, there were no exchanges that look anything like the offerings today. Bitcoin is currently worth $ as of the time you loaded this page.
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