Bitcoin value history (comparison to US$)

Prices and value history

The price of a bitcoin reached an all-time high of US$1124.76 on 29 November 2013, up from just US$13.36 on 5 January at the start of the year; the price subsequently dropped into the $200-$300 range. (semi logarithmic plot)

Among the factors which may have contributed to this rise were the European sovereign-debt crisis—particularly the 2012–2013 Cypriot financial crisis—statements by FinCEN improving the currency’s legal standing and rising media and Internet interest.[62][63][64][65] The current all-time high was set on 17 November 2013 at US$1216.73 on the Mt. Gox exchange.[66]

As the market valuation of the total stock of bitcoins approached US$1 billion, some commentators called bitcoin prices a bubble.[68][69] In early April 2013, the price per bitcoin dropped from $266 to around $50 and then rose to around $100. Over two weeks starting late June 2013 the price dropped steadily to $70. The price began to recover, peaking once again on 1 October at $140. On 2 October, The Silk Road was seized by the FBI. This seizure caused a flash crash to $110. The price quickly rebounded, returning to $200 several weeks later. The latest run went from $200 on 3 November to $900 on 18 November. bitcoin passed a US$1000 all-time high on 28 November 2013 at Mt. Gox.

Prices fell to around $400 in April 2014, before rallying in the middle of the year. They then declined to not much more than $200 in early 2015.

Until 2013 almost all market with bitcoins were in US $.

Bitcoin value history

The rate of a bitcoin reached an all-time high of us$1124.76 on 29 november 2013, up from just us$thirteen.36 on 5 january at the begin of the yr; the rate sooner or later dropped into the $200-$three hundred range. (semi logarithmic plot)


Bitcoin value history (comparison to US$)
DatePrice for 1 BTCNotes
Jan 2009 – Jan 2010basically noneNo exchanges or market, users were mainly cryptography fans who were sending bitcoins for low or no value.
Feb 2010 – May 2010less than $0.01On 22 May 2010,[76] user “laszlo” made the first real-world transaction by buying two pizzas in Jacksonville, Florida for 10,000 BTC.[77][78] User “SmokeTooMuch” auctioned 10,000 BTC for $50 (cumulatively), but no buyer was found.[79][80]
July 2010$0.08In five days, the price grew 1000%, rising from $0.008 to $0.08 for 1 bitcoin.
Feb 2011 – April 2011$1bitcoin takes parity with US dollar.[81]
8 July 2011$31top of first “bubble”, followed by the first price drop
Dec 2011$2minimum after few months
Dec 2012$13slowly rising for a year
April 11, 2013$266top of a price rally, during which the value was growing by 5-10% daily.
May 2013$130basically stable, again slowly rising.
June 2013$100in June slowly dropping to $70, but rising in July to $110
Nov 2013$350 – $1250from October $150–$200 in November, rising to $400, then $600, eventually reaching $900 on 11/19/2013 and breaking $1000 threshold on 27 November 2013.
Dec 2013$600 – $1000Price crashed to $600, rebounded to $1,000, crashed again to the $500 range. Stabilized to the ~$650–$800 range.
Jan 2014$750 – $1000Price spiked to $1000 briefly, then settled in the $800–$900 range for the rest of the month.[82]
Feb 2014$550 – $750Price fell following the shutdown of Mt. Gox before recovering to the $600–$700 range.
Mar 2014$450 – $700Price continued to fall due to a false report regarding bitcoin ban in China [83] and uncertainty over whether the Chinese government would seek to prohibit banks from working with digital currency exchanges.[84]
Apr 2014$340 – $530The lowest price since the 2012–2013 Cypriot financial crisis had been reached at 3:25 AM on April 11[85]
May 2014$440 – $630The downtrend first slow down and then reverse, increasing over 30% in the last days of May.
Mar 2015$200 – $300Price fell through to early 2015.
Early Nov 2015$395 – $504Large spike in value from 225-250 at the start of October to the 2015 record high of $504
May – June 2016$450 – $750Large spike in value starting from $450 and reaching a maximum of $750.
July – September 2016$600 – $630Price stabilized in the low $600 range.
October – November 2016$600 – $780As China devalued the RMB, price rose to the upper $700’s
December 2016$800 – $900

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