Here is everything that happened to Bitcoin-$BTC from 2016 - 2020
In 2016, the prices slowly climbed, teasing the $900 mark by the year's end. Then, in 2017, Bitcoin was playing coy around $1,000 until suddenly, it shattered expectations, soaring past $2,000 in mid-May.
Brace yourself – by December 16, it hit an astonishing $19,345.49📊
This incredible surge caught the attention of everyone – mainstream investors, governments, economists, and even scientists.
It sparked a race, with others developing cryptocurrencies to compete with the Bitcoin phenomenon.
The following years, 2018 and 2019, felt a bit like a rollercoaster, with Bitcoin's price moving sideways but occasionally surprising us with bursts of activity.
June 2019, for instance, saw a resurgence in both price and trading volume, pushing it past the $10,000 mark. Yet, by mid-December, it took a dip, landing at $6,635.84.
Then, 2020 hit, and the world grappled with the COVID-19 pandemic, shutting down economies left and right.
And guess what? Bitcoin didn't sit still. Starting the year at $6,965.72, the pandemic-induced economic concerns fueled investors' fears, and Bitcoin embraced the chaos, rising once more.
By November 23, Bitcoin was proudly trading at $19,157.16, making a powerful statement.
But hold onto your hats because, by December 2020, it was almost like a grand finale – just under $29,000, marking a jaw-dropping 416% increase from the start of that turbulent year.
The saga of Bitcoin is one of resilience, unpredictability, and incredible growth.
