Cryptocurrency Rise And Fall Last Ten Years In History of 2021-2022
While Bitcoin, the first decentralized cryptocurrency, has been around for almost a decade, cryptocurrencies have gained a lot of attention over the past 2 years, in part due to their lightning-fast growth and subsequent drop in value last year. Bitcoin has been around for over a decade now, and some experts can provide comprehensive predictions based on currency price trends. Show Source Texts
The first cryptocurrency price spike occurred in 2010, when the value of one bitcoin jumped from $0.0008 to $0.08. Bitcoin hovered in the $1,000 price range at the beginning of 2015. Show Source Texts
Bitcoin was at $213 as of November 2013, doubling in just 12 days to nearly $435. A sharp drop followed as Bitcoin fell to $2.30, a drop of more than 90%. A few years later, in 2011, the digital currency exploded from $0.30 to $35 in just a few months, returning more than 11,000%. After bottoming out in early 2015, Bitcoin prices rose again significantly, reaching nearly $20,000 in December 2017. Show Source Texts
Having risen to almost $20,000, Bitcoin began to fall and will fall to about $3,100 almost a year later, in December 2018. Dropping from $19,783.21 to $3,122.34, Bitcoin lost over 84% of Bitcoin’s value. Bitcoin remained the number 1 currency with a price of over $17,000 and a market capitalization of $287 billion. The highest Bitcoin price ever (Bitcoin’s all-time high) to date was $20,089 on December 18, 2017. Show Source Texts
However, just over a year ago, Bitcoin was still the only currency worth over $1 billion. Starting in 2022, Bitcoin nearly doubled its value in January 2021, and by the end of the year, mainstream interest and curiosity surged. By the end of the first month of 2022, Bitcoin had lost almost all of its gains from previous years, falling to the $33,000 range in January. Bitcoin, which doubled its value in 2021, plunged sharply in January 2021, erasing nearly all of the gains from previous years. Show Source Texts
After several months of consolidation since Bitcoin’s rise in early 2013, Bitcoin hit new highs in November 2013. These rapid changes signaled the start of a multi-year crash in the price of bitcoin, with the price of bitcoin hitting a low of $315. at the beginning of 2015. The price jumped from $1 in April of that year to a peak of $32 in June, a 3200% gain in three short months. Towards the end of 2022, we spoke to some of the cryptocurrency experts and professionals in the bitcoin price industry over the years and shared what this could tell us about the future of bitcoin.