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Bitcoin: A Brief Price History of the First Cryptocurrency (Updated 2023)


2010: Bitcoin enters its first long period of price stability. On July 17, 2010, the first known real-world transaction for Bitcoin occurred when a Florida man paid 10,000 BTC for two pizzas from Papa John’s, valuing each bitcoin at around 0.003 cents.

2011: Rapid growth in awareness and speculation of the currency creates an extraordinary spike in its price, reaching a high of $32. On June 8, Mt. Gox — a digital currency exchange — is founded in Tokyo. That same week, Bitcoin reaches parity with the US dollar.

2012: A period of relative price stability ends in May when a sharp increase in prices leads to the first $100+/Bitcoin mark. Over the next 3 months, the price of Bitcoin experiences its first major correction, dropping by nearly 50%.

2013: Bitcoin experiences a bull market as its price quickly soars to $1,000 by the end of the year.

2014: By the end of the year, the price of Bitcoin drops below the $400 mark due to the collapse of Mt. Gox and other major Bitcoin marketplaces.

2015: The long period of price stability is broken as the price of Bitcoin experiences a sharp drop, falling to around $244.

2016: Bitcoin’s price remains relatively stable until the introduction of the Bitcoin ETF in March. The ETF surges the price of Bitcoin, pushing it to its first all-time high of $1,140 in November.

2017: Bitcoin reaches a new all-time high of almost $20,000 in December, leading a surge of a number of other cryptocurrencies.

2018-2019: The price of Bitcoin falls along with that of most other cryptocurrencies, bottoming-out at $3,400 in January 2019.

2020-2021: Bitcoin experiences an explosive rally, with its price climbing past $20,000 in December 2020.

2022: Bitcoin reaches its highest ever price reaching $50,000 in May 2022.

2023: Bitcoin remains remarkably stable, trading between $40,000 – $45,000.

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