In the ever-changing world of cryptocurrency, Bitcoin remains a powerful symbol of the digital financial revolution. Through this article, Blog Tiền Số aims to explore the historical journey of Bitcoin's value – from its humble beginnings in 2009 to its evolution into a sought-after asset, marked by significant volatility and long-term growth trends.
2009–2011: The inception of Bitcoin and early adoption
January 2009: Bitcoin officially launched, marking the beginning of a new era in digital finance.
End of 2009: The first recorded transaction priced Bitcoin at $0.00099 each.
May 2010: The first real Bitcoin transaction occurred when 10,000 BTC were exchanged for two pizzas.
2010: Throughout the first trading year, Bitcoin's price remained below $0.40.
February 2011: Bitcoin first surpassed the $1 mark, marking a significant milestone in its journey.
June 2011: Bitcoin surged to nearly $30 before dropping to just $2 by the end of the year, showing its early volatility.
2012–2013: First Halving and Growing Interest
November 2012: Bitcoin undergoes its first halving, reducing mining rewards and ending the year at $13.50.
April 2013: Bitcoin price skyrockets from $100 to $230 but quickly drops to $68, reflecting extreme market volatility.
November 2013: Bitcoin surges from $213 to over $1,200, thanks to growing public interest. However, the People's Bank of China banned financial institutions from using Bitcoin, closing the year at $805.
2014–2016: Challenges and gradual growth
2014: Bitcoin peaked at $1,000 in January but sharply fell to $111.60 in February after the Mt. Gox collapse. Despite a brief recovery to $593, the year ended with a price of only $318.
2015: Bitcoin experienced steady growth, closing the year at $430. This was also the year the '₿' symbol for Bitcoin was officially adopted.
2016: The market stabilized, Bitcoin reached $700 in June and ended the year near $1,000.
2017: Bitcoin Boom, Attracting Official Attention
May 2017: First time surpassing $2,000.
August 2017: Surpassing $4,000.
November 2017: Reaches $10,000.
December 2017: Peaks over $19,000, thanks to the launch of Bitcoin futures trading. Ends the year at $13,850, solidifying Bitcoin's status as a financial phenomenon.
2018–2019: Market correction and recovery
2018: After a price surge early in the year, Bitcoin fell nearly 50% in Q1 and ended the year at $3,709, down 73% from its peak.
2019: Bitcoin gradually recovered, surpassing $4,000 in April, soaring to $13,000 in June, and closing the year at $7,200.
2020–2021: Resilience and new peaks
2020: Despite a sharp market decline due to COVID-19 in March, Bitcoin recovered from $4,826 and surpassed $20,000 in November, ending the year at $28,949.
2021: Bitcoin reached new heights, hitting $64,000 in April. However, crypto restrictions in China caused a 50% price drop. By November, Bitcoin hit an all-time high of $68,789 before closing the year lower due to concerns about the Federal Reserve's QE tapering.
2022–2024: Challenges and significant milestones
2022: Inflation and the Federal Reserve's interest rate hikes pushed Bitcoin down to $20,000 mid-year, with a low of $16,000 following the FTX collapse.
2023: Bitcoin has strongly recovered, up 50% by mid-year and ending the year above $42,000, thanks to ETF rumors and high interest rates.
January 2024: SEC approved Bitcoin ETFs, pushing the price up to $49,000 before stabilizing.
March 2024: Bitcoin reached a new all-time high of $73,000, thanks to strong inflows into ETFs.
November 2024: Bitcoin breaks above $90,000, aided by the re-election of pro-crypto U.S. President Donald Trump, marking a new milestone in its journey.
Bitcoin's journey, marked by resilience and significant milestones, has proven its evolution from a groundbreaking idea to a globally recognized financial asset. With a fixed supply, increasing adoption, and adaptability, Bitcoin continues to attract attention from both crypto enthusiasts and traditional investors.
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