What were Bitcoin previous All-Time Highs
Bitcoin, the world’s first and most popular cryptocurrency, has experienced several all-time highs throughout its history.
The first significant price increase occurred in October 2010 when the value of a single Bitcoin started moving past its long flat price of $0.1. The cryptocurrency has undergone several rallies and crashes since it became available.
In 2011, Bitcoin reached a peak of $29.6 on June 8, 2011, but a sharp recession in cryptocurrency markets followed, and Bitcoin’s price dropped, closing out the year at $4.71.
The year 2013 witnessed strong gains in price when Bitcoin began the year trading at $13.3 and crossed $100 by April and $200 by October. The remainder of the year witnessed historic gains for Bitcoin, crossing $1,000 in November and closing out the year at $805.91.Bitcoin’s price moved sideways in 2014 and 2015, with small bursts of activity. For example, there was a resurgence in price and trading volume in June 2019, with the price surpassing $10,000.
In 2020, the economy shut down due to the COVID-19 pandemic, and Bitcoin’s price burst into action once again. The cryptocurrency started the year at $6,965.72 and reached an all-time high of $63,558 on April 12, 2021.
Bitcoin’s all-time high is influenced by various factors, including investor enthusiasm, trader bets on its price changes, institutional investment, and global economic events
