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All time high for Bitcoin price in 2021

Bitcoin is a digital currency that operates independently from any government or bank affiliation. It is the first cryptocurrency and its value has led it to gain popularity.

There has been a significant interest in the cryptocurrency world in recent years. In 2021, there were institutional investors involved in cryptocurrency queries. As mentioned earlier, Bitcoin is the first-ever crypto. Inquiries on crypto would certainly create further interest in the most popular and well-known cryptocurrency.

In this regard, according to coinmarketcap, Bitcoin recorded an all-time high of $68,789.63 on November 10, 2021. The coin has experienced several other all-time highs before this that is the most recent.

In this article, readers get insight into bitcoin's price history and chart over the years. In addition, they also get informed of the current price of Bitcoin and its future price predictions

Bitcoin price 2009 to 2018

Bitcoin was launched in 2009 and has had a volatile trading history. As per Investopedia, its first significant price increase happened on July 17, 2010, when its singular value of bitcoin rose from just a fraction of a penny to $0.09.

It ultimately led to its price rising again on April 13 2011 from $1 to a whopping price of $29.60 by June 7, 2011. However, by the end of the year, its price had decreased to under $5.

2012 did not record many events and changes in Bitcoin. However, In 2013, it began trading at $13.28 and was already at $230 by April 8th. Afterwards, a decline of over 50% in its price followed. On July 4th, 2013, its price was $68.50.

In October, the bitcoin price was at $123. A historic rally was witnessed in November and December when the Bitcoin price rose to $1237.55 and dropped to $687.02 three days later. The bitcoin prices were decreasing throughout 2014. By the start of 2015, the price was $315.21.

According to the insider, the bitcoin prices had a high spike on 28th June 2016 following the shocking news of Britain leaving the European Union. It traded at $775. Shortly afterwards, it fell below $600. The prices started to rise again in mid-October. There was steady growth with the bitcoin price in 2016, closing over $900 at the end of the year.

According to SoFi, the bitcoin price in 2017 reached the $1100 value in January. It was an all-time high record. It broke to $2000 in May. The price soared close to $20,000 by December noting a 20 times increase from the start of the year. It led to a surge in interest in Bitcoin with mainstream media and retail investors.

Throughout 2018, the bitcoin price kept moving sideways with small spontaneous activity.

Bitcoin price history 2020

In 2020, the pandemic proved to be fatal for the economy. There were fears of inflation pressure on the US dollar. This, however, favoured bitcoin as its prices slowly accelerated upwards.

As per Investopedia, at the start of 2020, its value was $6,965.72.By the end of the year, the price was just below $29,000, making it the highest price it has ever gained of 416% since the beginning of the year.

Bitcoin price in 2021

In 2021, the price took a short time to surpass its 2020 price record. According to Investopedia, by January 2021, the bitcoin exceeded the record of $40000. By mid-April, the bitcoin prices had attained a high of over $60,000.

It was boosted by Coinbase being public and public awareness and interest.

However, in June, prices shot down by 50% to $29,795.55. In September, there was a surge leading the price to $52,693.32. It was followed by a recession in two weeks taking the price to $40,709.59. On November 10, 2021, the bitcoin price skyrocketed to reach an all-time high of $$68,789.63.

The new variant, Omicron, caused uncertainty on inflation. It led to Bitcoin losing value to $49,243.39 and continuous fluctuations.

The bitcoin price today

As of 4th January 2022, under the Coinmarketcap Bitcoin price chart, the following are relevant statistics on Bitcoin price.

• The current Bitcoin price is $47,348.54
• The trading volume in the past 24hours is $36,765,943,225.05
• It has a market cap of $895,331,584,852.87
• It has a fully diluted market cap of $993,772,460,647.16
• Its current circulating supply is 18,919,787 BTC
• It has a maximum supply of 21,000,000 BTC

The bitcoin price prediction

As per the wallet investor, the following are bitcoins price predictions:-

•  Bitcoin has a 1-year forecast of $78, 481.50
• Bitcoin has a 5-year forecast of $203,020

Summary

From the above discussion, we can conclude the following:-

•  Bitcoin is the first-ever cryptocurrency and it operates independently from the government and bank affiliation.
• Bitcoin's price is volatile.
• According to Coinmarketcap, Bitcoin recorded its current all-time high in November 2021 of $68,789.63.
• Bitcoin's first-ever significant increase in price was in 2010 when it traded from pennies to $0.09.
• In April 2011, its price rose from $1 to just under $30.
• In April 2013, the price was $230. In November and December, the price drastically increased to $1237.55.
• Bitcoin experienced another surge in price in 2017 when it began the year at $1100. It grew to $2000 in May and by December 2017 had grown to just under $20,000.
• In 2020, the fall of the economy due to Covid favouring Bitcoin as it soared to a then all-time high of $29,000
• By January 2021, it reached $40,000. It propelled to $60,000 by April.
• By November 2021, Bitcoin recorded its all-time high at $68,789.63.
• The Covid Omicron variant caused uncertainties in inflation leading to a decrease in Bitcoin value to $49,243.39.
• As of 4th January 2022, the current price of Bitcoin is $47,348.54
• As per the wallet investor, Bitcoin's price has a 1-year projection of $78,481.50 and a 5-year projection of $203,020

Bitcoin is the leading cryptocurrency in the world. It has had significant milestones achieving all-time highs.

However, it is crucial to remember its volatility. You can look into making a long-term investment in Bitcoin. It has proved to be worth it over time.

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