2013: Bitcoin started 2013 at a price of $13.30 and quickly rose to a high of $260 in April, before crashing to $45 in July. It then rebounded to $125 in November, ending the year at around $800. Despite the volatility, Bitcoin's overall performance in 2013 was impressive, with a gain of over 5,900%.
2014: 2014 was a rough year for Bitcoin, with the price dropping from around $800 at the beginning of the year to $320 by the end of it. The year was marked by several high-profile hacking incidents, as well as the collapse of the Mt. Gox exchange, which was handling the majority of Bitcoin transactions at the time. The negative news surrounding Bitcoin led to a general lack of confidence in the cryptocurrency, and its price suffered as a result.
2015: Bitcoin started 2015 at around $320 and ended the year at around $430. While the price remained relatively stable throughout the year, it was a year of progress for Bitcoin in other areas. The number of Bitcoin transactions increased, and the technology behind it continued to improve. There was also increased adoption of Bitcoin in certain regions, such as Venezuela and Zimbabwe, where hyperinflation was driving people towards alternative currencies.
2016: Bitcoin started 2016 at around $430 and ended the year at around $960, marking a significant gain of over 120%. The year was marked by several key events, such as the halving of Bitcoin's block reward in July, which reduced the amount of new Bitcoins being created, and the Brexit vote in June, which led to increased demand for Bitcoin as a safe haven asset.
2017: 2017 was a banner year for Bitcoin, with the price starting at around $1,000 and ending the year at around $20,000. This represented an incredible gain of over 1,900%. The year was marked by increased mainstream adoption of Bitcoin, with several major companies accepting it as a form of payment. However, the year also saw a lot of speculation and hype, with some people calling Bitcoin a bubble.
2018: The bubble burst in 2018, with the price of Bitcoin dropping from around $20,000 at the beginning of the year to around $3,200 by the end of it. The year was marked by a general bearish sentiment in the cryptocurrency market, as well as increased regulatory scrutiny. Many people wrote off Bitcoin as a failed experiment, but its proponents remained optimistic.
2019: Bitcoin started 2019 at around $3,800 and ended the year at around $7,200, marking a gain of over 90%. While the price remained relatively stable throughout the year, there were several positive developments for Bitcoin. The number of Bitcoin ATMs continued to grow, and there was increased adoption of Bitcoin by institutional investors. There was also increased interest in Bitcoin as a hedge against economic uncertainty.
2020: Bitcoin started 2020 at around $7,200 and ended the year at around $29,000, marking a gain of over 300%. The year was marked by several key events, such as the Bitcoin halving in May, which reduced the number of new Bitcoins being created and increased scarcity. The COVID-19 pandemic also led to increased interest in Bitcoin as a hedge against economic uncertainty, and the rise of decentralized finance (DeFi) led to increased use of Bitcoin in lending and borrowing.
2021: Bitcoin started 2021 at around $29,000 and reached an all-time high of over $64,000 in April, before experiencing a significant correction in May. The year was marked by increased institutional adoption of Bitcoin, with several major companies, such as Tesla and Square, adding Bitcoin to their balance sheets. The year also saw increased regulatory scrutiny, with some countries, such as China, cracking down on Bitcoin mining and trading.
2022: Bitcoin started 2022 at around $46,000 and has experienced significant volatility throughout the year. Bitcoin prices saw sharp drops when it failed to surpass the $48,189 level. The main reason behind this was the Fed's monetary policies. In 2022, Bitcoin tested the bottom level of $15,476.
