The first round of ups and downs was in 2011, when the price plummeted from $32 to $0.01. It took 20 months to return to the previous high (June 2011-February 2013). The trigger was the theft of 850,000 bitcoins from Mt. Gox.
The second round of ups and downs, in 2015 it fell from $1,000 to below $200. It took 37 months (November 2013-January 2017) to return to its previous high. The main reason was that domestic financial institutions were prohibited from conducting BTC transactions.
In the third round, after hitting $20,000 in December 2017, it plummeted to below $3,200. The time it took to return to the previous high was 36 months (December 2017-December 2020). The Japanese exchange Coincheck was hacked, resulting in a loss of about $530 million in NEM (XEM) cryptocurrency. Facebook and Google banned the publication of ICO and token ads on their platforms, and the SEC rejected the application for a Bitcoin ETF.
In the fourth round, in 2021, it fell from $64,000 to $29,000, with the time to return to the previous high: 6 months (April 2021 - October 2021). More and more media outlets began to believe that Bitcoin mining has environmental, social, and governance (ESG) related issues. Tesla abandoned Bitcoin as a payment method in May.
At the end of July, Musk acknowledged that about 50% of Bitcoin mining is powered by renewable energy. In November, Bitcoin eventually surged to $68,000, a historical high that has yet to be broken.
In the fifth round, in 2022, it plummeted from $68,000 to below $20,000, with the time to return to the previous high: TBD. This was mainly attributed to TerraUSD Classic completely decoupling from the U.S. dollar in May, triggering massive panic as this stablecoin had successfully become the third-largest stablecoin before its collapse.
In the sixth round, in 2023, it rose from $16,000 to around $40,000, in stark contrast to the extremely destructive market environment of 2022. In 2023, Bitcoin seems to be transitioning from winter to spring.
Data shows that this year, the overall market value of cryptocurrencies has grown by 90% to $1.69 trillion, with Bitcoin's price more than doubling from its annual low of $16,000 in January 2023, briefly breaking through $43,000, and achieving an annual increase of over 160%. However, it is somewhat regrettable that the current trading price of Bitcoin is still significantly lower than the nearly $69,000 record set in November 2021.
In 2023, Ethereum successfully completed the Shanghai upgrade, transitioning to a fully proof-of-stake network; Ripple won its lawsuit, and XRP was ruled not to be a security; PayPal launched the PYUSD stablecoin, ushering in several significant changes in the crypto industry. However, at the same time, the bankruptcy of Silicon Valley Bank in March, the de-pegging of stablecoin USDC, and the judgment in the FTX case in November prompted the market to re-examine the risks of crypto finance.
In the seventh round, after Bitcoin's price hit a historical high of $73,798 in mid-March 2024, its price trend entered a period of sustained decline for 2 months, currently hovering around $61,000. Bitcoin slightly dipped but began to rise to around $70,000 starting May 20. By December, it surged to $100,000, reaching a peak of $108,368 on December 7.
In summary, the historical price chart of Bitcoin is a topic worth paying attention to and studying, as it can help users better analyze the future trends and price movements of Bitcoin.@TuoDi Earn together#2025加密趋势预测 #加密市场调整 #美国加密立法或将重启 #BTC上攻11万？ #2025有哪些关键叙事？ $BTC 
