Bitcoin (BTC) price history from 2013 to April 13, 2021

in #bitcoin3 years ago

Bitcoin (BTC) was worth more than 60,000 dollars after the cryptocurrency's price soared as a result of Tesla's 1.5 billion dollar investment. Bitcoins are exchanged on a number of different exchanges around the world, and prices can differ. The bitcoin price index shows the average price of bitcoin on the world's most famous exchanges.

Bitcoin’s highest price
Since its inception in 2009, the virtual currency has had a turbulent trading history. The first price increase occurred in November of 2013, when one bitcoin was trading at about $1,124 USD. Four years later, bitcoin experienced a meteoric rise to new highs, with the price of a single bitcoin reaching about 20,000 US dollars on some exchanges in late 2017. However, in the months that followed, rates began to fall. Around 18.5 million bitcoins were in circulation worldwide in the third quarter of 2020, and the market capitalization of Bitcoin was around $200 billion.

What is cryptocurrency?
Cryptocurrencies are digital currencies that monitor transactions via a network of computers using blockchain technology. They can be used to purchase goods and services as an alternative currency, but many people buy them as an investment, believing that the value will rise as more people want them in the future. In 2020, Bitcoin accounted for 66% of the overall cryptocurrency sector. Since money is generated and exchanged without the intervention of monetary authorities, there have been demands for the crypto market to be more controlled.

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