Bitcoin has become the pioneer and most recognizable player in the cryptocurrency world. Since 2009, it has enjoyed a strong rise in both price and recognition. Bitcoin did not have any material value when it first appeared on the market. Bitcoin (BTC), which once started its journey with a net of $0, managed to rise as high as $68,789.63. In this article, which we will support with price charts, we will discuss the Bitcoin price change by years. You can take a brief look at Bitcoin’s price change over the years in the table below. After the table, let’s start the adventure by comprehensively examining Bitcoin’s price changes over the years since 2009, when Bitcoin hit the market.
| Year | Price |
|---|---|
| 2009 | $0.00099 |
| 2010 | $0.55 |
| 2011 | $5 |
| 2012 | $20 |
| 2013 | $805 |
| 2014 | $215 |
| 2015 | $365 |
| 2016 | $968 |
| 2017 | $13.800 |
| 2018 | $3400 |
| 2019 | $9300 |
| 2020 | $33.000 |
| 2021 | $33.000 |
| 2022 | $16.000 |
| 2023 | – |
Bitcoin Price Change – 2009
In 2008, the Whitepaper of Bitcoin was published by Satoshi Nakamoto. Bitcoin’s newness and the fact that not much was known about it prevented it from being priced. In 2009, there was an important development. Bitcoin was transferred between Satoshi Nakamoto, known as the founder of Bitcoin, and Hal Finney. As such, the first Bitcoin rate appeared on the New Liberty Standard exchange in October 2009. At the time, you could buy exactly 1,309.03 BTC for $1.
Bitcoin Price Change – 2010
In 2010, Bitcoin was used for the first time in a transaction, and it was a food transaction. One person paid exactly 10,000 BTC for 2 pizzas. On May 22, 2010, the payment of 10,000 BTC for a short taste experience made that day memorable and that day is celebrated as World Bitcoin Day. In 2010, the second important development related to Bitcoin was the establishment of a Bitcoin exchange called bitcoinmarket.com. Thus, the price of 1 Bitcoin reached the level of $0.50.
Bitcoin Price Change – 2011
In February 2011, 1 Bitcoin was equivalent to 1 US dollar. The uptrend, which lasted from March to June, took Bitcoin’s price as high as $16. The subsequent downward movement continued until November and Bitcoin fell as low as $3.
Bitcoin Price Change – 2012
In 2012, the Bitcoin Foundation was launched. The Bitcoin Foundation has been working to improve the Bitcoin network. With this, the Bitcoin halving took place. With these developments, by the end of 2012, the Bitcoin price had reached up to $20.
Bitcoin Price Change – 2013
2013 was also an eventful year for Bitcoin. Bitcoin’s secretive nature means that transfers can be tracked, but it is not clear who they are between. A site called Silk Road was launched by Ross Ulbrich, who wanted to take advantage of this privacy. The site was being used for illegal activities and facilitated illegal sales by exploiting the privacy of Bitcoin. Realizing this attempt, the FBI intervened and seized $1 billion worth of BTC. Bitcoin’s growing popularity has led to the establishment of the first Bitcoin ATMin the United States. By the end of 2013, Bitcoin was banned by the Chinese government. With this ban, BTC, which rose up to $ 1,200 during the year, entered a downward cycle and fell to $ 800 by the end of the year.
Bitcoin Price Change – 2014
2014 was not a pleasant year for Bitcoin. The decline that started in 2013 continued throughout 2014 and by the end of the year, the BTC price had fallen as low as $220. The biggest factor that triggered this decline was the loss of 850,000 Bitcoins by Mt. Gox lost 850,000 Bitcoins.
Bitcoin Price Change – 2015
By 2015, a good development was waiting for Bitcoin. Founded in 2012, Coinbase became the first regulated exchange to exist in 25 states in the United States in 2015. This development drew the attention of many people and companies to BTC and raised awareness. Bitcoin, which had been flat for almost the entire year and moved slightly towards the end of the year, reached the $370 level.
Bitcoin Price Change – 2016
When the year 2016 rolled around, a second halving awaited Bitcoin. Now Bitcoin mining had become more difficult. However, the number of Bitcoin ATMs, which were first established in 2013, increased to 771. With these developments, Bitcoin was hovering at $ 970 by the end of the year.
Bitcoin Price Change – 2017
The year 2017 was full of wonders for Bitcoin. Even though it’s towards the end of the year. By 2017, Japan had agreed to make Bitcoin an official payment method. The fork of Bitcoin led to the emergence of Bitcoin Cash, an initiative that once again brought attention to Bitcoin. Although the Chinese government has publicly announced that it will close the platforms where cryptocurrency trading is carried out, this has not prevented the price rise in Bitcoin. By November, the price of Bitcoin was around $10,000. And that’s not all. By the time December 17th rolled around, Bitcoin had hit $20,000. It is not hard to imagine how surprising and shocking this was for everyone. Accompanied by all these price movements of Bitcoin, major futures exchanges around the world had already launched Bitcoin futures contracts. That’s why 2017 was full of wonders for Bitcoin.
Bitcoin Price Change – 2018
When Bitcoin reached the end of 2017, a year full of wonders, things started to change a bit. In 2018, successive price drops in Bitcoin injected a negative impression into the markets. After all, by the end of 2018, the price of Bitcoin had fallen to $3,500. Bitcoin, which witnessed sharp declines throughout the year, caused people to experience a shake of confidence. Along with the big tech giants, companies providing services in the field of social media had taken initiatives that would lead to the restriction of Bitcoin. All these developments have not prevented Bitcoin from being considered as a short-term gainer. Of course, this was not the end of the story. Bitcoin was preparing for a comeback.
Bitcoin Price Change – 2019
In Bitcoin, which made an almost horizontal start to 2019, the rises continued until March without making too much sense. By April, the BTC price had risen to $5,000. The subsequent one-month bounce took BTC to the $8,500 level. By early June, BTC was pushing $11,000. As of the middle of the year, a horizontal course started and the year closed at $9,300.
Bitcoin Price Change – 2020
By 2020, there was another halving in BTC. At the end of 2019, the horizontal course that started horizontally gave way to a decline and the BTC price moved downwards until the beginning of March 2020, falling to the level of $ 6,500. The subsequent rise continued steadily until September, taking the BTC price to around $10,500. By the end of the year, BTC was at $33,000, with the rally intensifying considerably after September.
Bitcoin Price Change – 2021
The start of a new year must have been auspicious for Bitcoin, as its price surge was even stronger at the start of the year. As a result of the uninterrupted rise until the beginning of March, Bitcoin reached a record high and 1 BTC was equivalent to $65,000. Fluctuations continued on the BTC side until the end of September. By the time November rolled around, Bitcoin had reached an all-time high of $69,000. After this step, the value of BTC at the end of the year returned to its value at the end of 2020, that is, it fell to $ 33,000. In 2021, which was a very action-packed year, Elon Musk first started to buy Tesla sales with BTC, then abandoned this decision. There was an intense fight against the pandemic and the FED’s interest rate decisions had an important place in the pricing of BTC. All these developments played a role in making the one-year period quite eventful.
Bitcoin Price Change – 2022
The year 2022 did not bring many smiles on the Bitcoin side. Although there were small rises from time to time during the year, Bitcoin maintained its downward trend throughout the year. BTC has had a year rich in negative developments. With the FED and other central banks raising interest rates in the face of rising inflation, the collapse of the FTX exchange, one of the world’s most popular exchanges, and the disappearance of LUNA, the price of Bitcoin had fallen to $ 16,500 by the end of the year.
Bitcoin Price Change – 2023
In 2023, Bitcoin continues on its way with small increases. When we look at the 8-month journey of Bitcoin since the beginning of the year, it is seen that it is progressing in a way that will be up and down. Thanks to Bitcoin’s rise since the beginning of the year, it has been hovering roughly between $19,000 and $31,000.
Bitcoin’s accelerating journey since 2009 has led to its acceptance by the masses, companies and even governments. Its success is bringing altcoins to users, which today have many great projects. Blockchain technology is evolving every day and bringing about major changes in the world. The 2024 Bitcoin halving is eagerly awaited by many and Bitcoin’s performance in 2024 continues to be a matter of curiosity for everyone.
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