![]() ![]() Bitcoin’s Current Priceīitcoin kick-started 2021 at $29,048.39 amidst increased demand and interest from institutional investors and companies. The reason for this was to hedge funds following the tumbling of other financial markets.īitcoin’s growing acceptance by both institutional investors and consumer-facing companies was instrumental for its price growth witnessed in 2020. Bitcoin’s enormous price growth in 2020 was attributed to the inclination to Bitcoin by Wall Street institutions. Regardless, Bitcoin saw its rise to a high of $23,400, gaining over 200%. In 2020, the COVID-19 pandemic brought the global economy to its knees. It made a price recovery in 20 thanks to increased public awareness and adoption by institutional investors. In 2017, bitcoin went against all expectations hitting $20,000 price value before tumbling to $7,000 months after. However, despite the massive price growth, the BTC market was still volatile and still vulnerable to security challenges marked by the millions worth of cyberattacks. Later on, Bitcoin gained some popularity among tech enthusiasts and corporate investors, leading to an enormous price growth from $4 in 2012 to $1,200 in 2017. In 2011, bitcoin jumped to $32, only to drop to $2 later. However, the price movements were slowed down by high volatility and unregulated markets, contributing to excessive fraud. Bitcoin made the first-ever positive price movement in 2010 to trade at $0.08. ![]()
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