The rise of cryptocurrencies, especially Bitcoin ($BTC ), which was the first and most important cryptocurrency, has gone through different stages since its launch in 2009 until today. Here is a summary of the price gradation of Bitcoin and some other major currencies:
1. 2009 - 2010: The Beginning
In 2009, the first block of Bitcoin was mined by its anonymous founder, Satoshi Nakamoto, and its value was almost nothing, as there was no market for trading it.
In 2010, the first known Bitcoin purchase was for a pizza, when a programmer paid 10,000 Bitcoin for two pizzas. At the time, one Bitcoin was worth less than $0.01.
2. 2011 - 2012: First significant rises
In 2011, Bitcoin hit $1 for the first time. This was its first real rise in value compared to its inception.
By the end of 2012, Bitcoin had risen to around $13.
3. 2013: First big rise
In 2013, Bitcoin saw its first major surge, surpassing $200 in April, and then rising to over $1,000 in December of the same year.
This year also saw the beginning of broader interest in the market, but ended with a decline in price.
4. 2014 - 2016: Period of oscillation
During this period, Bitcoin prices ranged between $200 and $700. The market experienced some volatility due to security issues and hacks, such as the collapse of the popular Mt. Gox exchange.
5. 2017: The Big Bang
In 2017, Bitcoin experienced a massive surge. At the beginning of the year, the price was around $1,000, then it quickly rose to over $19,000 in December 2017.
This year was a watershed moment in making cryptocurrencies global.
6. 2018 - 2019: Market Correction
After a massive surge in 2017, cryptocurrencies saw a strong correction. Bitcoin dropped to around $3,000 by the end of 2018.
Prices continued to recover slowly throughout 2019, ranging between $3,000 and $12,000.
7. 2020: The Pandemic and the New Rise
With the spread of the COVID-19 pandemic, the demand for digital assets increased, and the value of Bitcoin rose significantly. By the end of 2020, the price of Bitcoin reached around $30,000.
8. 2021: New Leaps
In 2021, Bitcoin rose to all-time highs, surpassing $60,000 in April.
After this peak, cryptocurrencies saw a major decline in mid-2021 but later recovered.
9. 2022: Declines and Market Correction
In 2022, the market began to decline again due to global economic pressures and inflation. Bitcoin fell below $20,000 in the middle of the year.
10. 2023 - 2024: Stabilization and recovery
In 2023, prices recovered, with Bitcoin trading between $25,000 and $35,000. This recovery came after developments in technology, the introduction of new systems such as âdecentralized financeâ (DeFi), and increased institutional adoption of cryptocurrencies.
Other currencies:
Ethereum ($ETH ): Ethereum has also seen a huge surge since its launch in 2015, starting at just a few dollars and reaching over $4,000 in 2021.
Stablecoins: such as Tether (USDT) have become popular in the market to provide greater stability compared to volatile currencies.
a summary:
The cryptocurrency rally has gone through several phases of massive growth and massive decline. These digital assets are still highly volatile, but have managed to achieve consistent growth over the past years.
To be continued... The Future
