In the history of Bitcoin's price, the cryptocurrency has been declared "dead" at least 463 times. Yet, as of now, it remains the undisputed "king" of the crypto world.
Below, join BitcoinVN News as we explore Bitcoin's price fluctuations from its inception to the present day. This comprehensive overview will help you gain a holistic perspective and make informed decisions about whether to invest in it.
What Influences Bitcoin's Price?
Some believe technological advancements directly impact Bitcoin's price volatility. However, in reality, this isn't entirely accurate.
Bitcoin's price fluctuations are primarily driven by halving cycles and global economic events. These events have caused Bitcoin's value to surge by up to 1,000%, only to drop by 80% or even 90%—as seen in 2014.
Yet, after each downturn, Bitcoin has always recovered to new highs, often surpassing previous peaks. This resilience has proven that even experienced investors have underestimated Bitcoin's potential, attracting new supporters throughout its evolution.
In this article, we’ll delve into Bitcoin’s price history year by year, alongside the key events that shaped it. Let’s dive in!
Bitcoin Price History (2009 – 2024)
| Year | Start | High | Low | Year-End | % Performance |
|---|---|---|---|---|---|
| 2010 | $0.003 | $0.40 | $0.00 | $0.30 | 9,900% |
| 2011 | $0.30 | $32 | $0.29 | $4.70 | 1,467% |
| 2012 | $4.70 | $16 | $4 | $13.30 | 183% |
| 2013 | $13.30 | $1,163 | $13 | $805 | 5,953% |
| 2014 | $805 | $936 | $310 | $318 | -61% |
| 2015 | $318 | $465 | $172 | $434 | 36% |
| 2016 | $434 | $981 | $351 | $966 | 123% |
| 2017 | $966 | $19,892 | $784 | $14,245 | 1,375% |
| 2018 | $13,657 | $18,343 | $3,217 | $3,809 | -72% |
| 2019 | $3,844 | $13,017 | $3,401 | $7,240 | 88% |
| 2020 | $7,200 | $29,096 | $3,850 | $28,951 | 302% |
| 2021 | $28,951 | $68,789 | $29,796 | $46,430 | 60% |
| 2022 | $46,379 | $47,835 | $18,490 | $16,537 | -64% |
| 2023 | $16,537 | $44,697 | $16,499 | $28,197 | 155% |
| 2024 | $44,183 | $101,373 | $42,091 | – | 121% |
| 2025 | $93,527 | $109,114 | $85,251 | – | – |
(Numbers may vary based on selected data sources, especially in early years.)
2009 – 2013: Bitcoin’s Early Days
2009: The Genesis Block
- Price: $0 – $0.0009
- Satoshi Nakamoto mined the first Bitcoin block (genesis block), rewarding 50 BTC.
- The first Bitcoin-to-dollar exchange occurred in late 2009 via New Liberty Standard.
2010: First Transactions
- Price: $0.00099 – $0.40
- Notable event: 10,000 BTC traded for two pizzas (May 22), marking Bitcoin’s first real-world transaction.
- Mt. Gox launched (July 18).
2011: Bitcoin Hits $1
- Price: $0.40 – $4.70
- Bitcoin reached parity with the USD (February).
- Mt. Gox suffered its first hack (June).
2012: European Debt Crisis
- Price: $4 – $13.50
- Bitcoin’s first halving occurred (November).
2013: Silk Road Seizure
- Price: $13 – $755
- Bitcoin surged post-halving, peaking at $1,163 (December) before crashing due to China’s Bitcoin ban.
2014 – 2017: Market Maturation
2014: Mt. Gox Collapse
- Price: $767 – $321
- Mt. Gox lost 750,000 BTC in a hack, leading to bankruptcy.
2015: Blocksize Wars Begin
- Price: $314 – $431
- CFTC classified Bitcoin as a commodity.
2016: Recovery
- Price: $434 – $966
- Second halving (July).
2017: Crypto Boom & ICO Craze
- Price: $998 – $14,245
- Bitcoin peaked at $19,892 (December).
2018 – 2021: Institutional Adoption
2018: Bear Market
- Price: $14,093 – $3,809
- China cracked down on mining.
2019: Stability
- Price: $3,692 – $7,240
2020: COVID-19 Pandemic
- Price: $7,194 – $28,841
- Third halving (May).
2021: All-Time High
- Price: $29,022 – $47,191
- Bitcoin hit $68,789 (November).
2022 – Present: Resilience & New Peaks
2022: Liquidity Crunch
- Price: $46,319 – $16,637
- Terra/LUNA collapse triggered market turmoil.
2023: Rebound
- Price: $16,537 – $44,697
2024: Breaking $90,000
- Fourth halving (April) pushed Bitcoin past $93,434.
2025: Beyond $100,000
- Bitcoin peaked at $109,114 (January 20).
👉 Discover more about Bitcoin’s future
FAQs About Bitcoin Price History
What was Bitcoin’s initial price?
Bitcoin had no monetary value at launch. Early transactions were speculative or mining-based.
What’s Bitcoin’s highest price?
$109,114 (January 20, 2025).
Is now a good time to buy Bitcoin?
Market conditions vary. Research and consider dollar-cost averaging.
Cryptocurrency investment carries risks like volatility, regulatory uncertainty, and security threats. Only invest what you can afford to lose.
Conclusion
Bitcoin’s journey—from $0 to $109,114—reflects its resilience and growing adoption. For further guidance or trading, visit BitcoinVN.
Edited by BitcoinVN News. Sources: Bitcoin Magazine.