Bitcoin Prices

Cryptocurrency has been the most trending topic in the world. Bitcoin is a decentralized cryptocurrency that was launched in 2009. The original inventor was Satoshi Nakamoto. Bitcoin’s most unique feature is that it is one of the first cryptocurrencies to appear on the market. It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade, and use Bitcoin and other cryptocurrencies in their everyday lives. The currency valuation of Bitcoin is constantly moving, all day every day. It is a truly global asset. The prices of BTC keep varying as it is a volatile cryptocurrency. Let’s take a look at the top 5 highlights of Bitcoin prices this year. 

February 

Bitcoin hit its lowest since mid-Feb and fell below US$50k. The cryptocurrency fell to as low as US$47,400. It has lost about 17% of its value of nearly US$160 billion from its total market cap.

June

The BTC has been volatile as the token has plunged below US$30,000 in June amid criticism of its energy consumption and China’s cryptocurrency crackdown. It slowly started to recover in part as the crypto sector adjusted to China’s broadsides. BTC and ETH and a few other top cryptocurrencies have tumbled as China intensified its push to rein in crypto speculation and mining. 

August 

The cryptocurrency has hit an all-time high above US$63,000 ahead of Coinbase's debut. The price of Bitcoin climbed at high. BTC has doubled in price as of the start of this year as mainstream investors jumped into cryptocurrencies. Tesla has made US%1.5 billion bet on Bitcoin and also now accepts the digital currency as a method of payment for its cars. 

November

Bitcoin price surged to a record high of more than US$68,000 in early November and the experts have predicted that it may increase in the coming days. It has reached a mark of being volatile at times. The inflation is considered as the reason for the flux of Bitcoin prices. And the retail investors have played a major role in fuelling these prices. 

Bitcoin prices have hit the new all-time high on 10th November 2021. It went above US$68,000 for the very first time. The surge in the Bitcoin price in the recent weeks follows the much expected first Bitcoin ETF on the New York Stock Exchange. Even though Bitcoin tops the crypto market it is still a highly volatile cryptocurrency. If the Bitcoin price rises, it also falls again as it is volatile. Both BTC and ETH have experienced the rise since June and added nearly 70% against the dollar since the start of October.