The historical price trends of Bitcoin and Ethereum have shown significant volatility. Here is a general overview:
Bitcoin Historical Price Trends
- Early Stage (2009-2013): The Bitcoin network was launched on January 3, 2009, and the initial trading price in May 2010 was $0.0025. From 2011 to 2013, the price surged rapidly, reaching a peak of 8,000 yuan in 2013.
- Volatility Growth Stage (2014-2017): Prices saw a decline in 2014 and 2015, began to rise again in 2016, and experienced a bull market in 2017, with a peak price of 140,000 yuan.
- Bear Market Adjustment Stage (2018-2020): From 2018 to 2020, prices fell sharply and were in a volatile adjustment period, with Bitcoin hitting a low of over 20,000 in March 2020.
- Rebound Stage (2021-2024): In 2021, prices surged again, peaking at 440,000 yuan, followed by a decline in 2022 to a maximum of 330,000 yuan. In 2023, prices continued to fluctuate, reaching a peak of 310,000 yuan. In 2024, prices continued to rise, breaking the $100,000 mark on December 5, and peaking at $106,660 on December 16.
Ethereum Historical Price Trends
- Launch and Initial Development Stage (2015-2017): The mainnet launched in 2015, starting the year at under $1, reaching a high of $14.32 by year-end. After a hard fork in 2016, prices skyrocketed to a high of $396.83, and the ICO boom in 2017 brought the price to an all-time high of $1,432.88.
- Bear Market Decline Stage (2018-2019): The cryptocurrency market entered a bear market in 2018, causing Ethereum prices to plummet to a low of $84.13, while in 2019 prices slowly recovered, peaking at $362.88.
- Rapid Growth Stage (2020-2021): Prices soared in 2020, reaching a high of $735.86, and on November 10, 2021, it set a historic high of $4,891.70.
- Volatility Adjustment Stage (2022-2024): Prices fell sharply in 2022, hitting a low of $874.96, stabilizing between $1,600 and $1,700 in 2023, and continuing to rise in 2024, reaching $4,000 on December 16.
Recently, the Elon Musk-themed dog puppies on the Ethereum chain have become very popular and could be the next Shiba Inu.