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What happened to bitcoin in the early days?

During Bitcoin’s early days, liquidity was thin, and there were very few investors in cryptocurrency markets. This state of affairs translated to wide price swings when investors booked profits or when an adverse industry development, such as a ban on cryptocurrency exchanges, was reported.

What happened to bitcoin's price in 2015?

Those rapid changes signaled the start of a multi-year slump in Bitcoin's price and it touched a low of $315 at the beginning of 2015. The fifth price bubble occurred in 2017. The cryptocurrency was hovering around the $1,000 price range at the beginning of that year.

How did bitcoin's price rise in 2020?

Continued institutional interest in the cryptocurrency further propelled its price upward, and Bitcoin's price reached just under $24,000 in December 2020, for an increase of 224% from the start of that year. It took less than a month for Bitcoin to smash its previous price record and surpass $40,000 in January 2021.

What happened to the price of bitcoin in 2011?

On February 9th, 2011, BTC reached a value of USD$1.00 for the first time ever. A few months later, in June, the price of one Bitcoin hit $10, then $30 on Mt. Gox. This represented a 100x appreciation since the beginning of the year, when the price of Bitcoin hovered around $0.30.