History of Bitcoin's Value.

in #cryptocurrency7 years ago


As we all know that bitcoin is the most popular cryptocurrency ever . Everyone is curious to know how bitcoin gained so much value in past couple weeks and changed the world of digital currency so here is the value chart of bitcoin since it was formed :-

DateValue in USDReasons
Jan 2009 - March 2010NoneThere were no exchanges for bitcoin
March 2010$ 0.003On 17 Mar 2010, BitcoinMarket.com exchange is the first one that starts operating.
Jul 2010$ 0.08The price grew 1000%, rising from $0.008 to $0.08 for 1 bitcoin.
Feb 2011 – April 2011$1.00Became equal to one USD.
July 2011$31.00First top value Bubble.
December 2011$2.00Value decreased sharply.
December 2012$13.00Rised slowly for one Year.
April 2013$266Growing 5-10% Daily.
May 2013$130Decreased and rising slowly.
June 2013$100Droped to $70, but rised in July to $110
Nov 2013$350 — $1,242value rised to $1,242 on 29 november,2013.
Dec 2013$600 — $1,000crashed again to the $500 range. Stabilized ~ $650–$800 range.
Jan 2014$750 — $1,000Price decreased and stabilized at $800-$900.
Feb 2014$550 — $750Decreased due to shutdown of Mt. Gox before recovering to the $600–$700 range.
Mar 2014$450 — $700Decreased continuosly due to false chinese report.
Apr 2014$340 — $530The lowest price since the 2012–2013 .
May 2014$440 — $630Decreased first and then reverse, increasing over 30% in the last days of May.
Mar 2015$200 — $300Price fell in early 2015.
Nov 2015$395 — $504Large Increase in value from $250 at the start of October to the 2015 record high of $504.
May–June 2016$450 — $750Reaching a maximum of $750.
July–September 2016$600 — $630Price Decreased and stabilized in the low $600 range.
October–November 2016$600 — $780Due to Chinese Renminbi depreciated against the US Dollar, bitcoin rose to the upper $700s.
January 2017$800 — $1,150
5-12 January 2017$750 — $920Price fell 30% in a week.
2-3 March 2017$1,290+Price broke above the November 2013 high of $1,242 and then traded above $1,290.
April 2017$1,210 — $1,250
May 2017$2,000On 20 May 2017, the price of one bitcoin passed US$2,000 for the first time.
May–June 2017$2,000 — $3,200+Oscilating around $2,500 since then. As of 6 August 2017, the price is $3,270.
August 2017$4,400 IncreaseOn 5 August 2017, the price of one BTC passed US$3,000 for the first time.
September 2017$5,000On September 2017, bitcoin crossed US$5,000 for the first time.
12 September 2017$2,900Due China's ICO"s crackdown.
October 2017$5,600Price shot back up.
21 October 2017$6,180Price hit another all time high record.
November 2017$5,519-6,295 Decrease
25 November 2017$9,000Bitcoin Crossed $9,000 mark for the first time.
28 November 2017$10,000Bitcoin Crossed $10,000 for the first time.
29 November 2017$11,000Bitcoin Crossed $11,000 for the first time.
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calling @originalworks for verifying my content.

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@mitneb hope u will upvote this post :P