LIVEBitcoin's Performance Between 2019 - 2023:
2019:
Bitcoin, which was at $3,144 at the beginning of the year, rose to $7,200 in December, an increase of 126%.
Bitcoin, which followed a relatively stagnant course in the first half of the year, started to rise in July and continued this rise until December.
The main reasons behind the rise are cited as Facebook's Libra cryptocurrency project and the US-China trade wars.
2020:
Bitcoin, which dropped to $3,800 in March, rose to $29,000 towards the end of the year, an increase of 658%.
The decline in March occurred as the COVID-19 pandemic impacted the global economy.
In the environment of uncertainty created by the pandemic, investors turned to Bitcoin as a safe haven.
Bitcoin's rise towards the end of the year was also supported by increased interest from institutional investors.
2021:
Bitcoin, which was at $29,000 at the beginning of the year, rose to $68,000 in November, an increase of 134%.
Bitcoin's rise gained momentum as major companies such as Tesla and MicroStrategy invested in Bitcoin.
El Salvador's acceptance of Bitcoin as legal currency was also an important development.
Bitcoin's rise in 2021 was an important turning point in terms of mainstream acceptance of cryptocurrency markets.
2022:
Bitcoin, which rose to $68,000 in November, fell to $47,000 in December.
As of the end of the year, the price of Bitcoin is at $47,000.
The main reasons behind the decline are shown as the interest rate increase plans of the US Federal Reserve (Fed) and the Omicron variant.
2023:
It remains unclear how Bitcoin will perform in 2023.
Investors, it is important to do your research and consult an expert financial advisor before investing in Bitcoin.
