Visualizing the journey to 10000$ Bitcoin
It has been a breakthrough year for the world’s original cryptocurrency – and on November 28th, 2017, the bitcoin price blew past the psychological barrier of $10,000 with unprecedented pace. After all, it was only two days prior that the cryptocurrency was trading at $9,000.
Today’s infographic from Blockchain Intelligence Group helps to visualize the ups and downs of this incredible journey to $10,000.
THE JOURNEY TO $10,000 BITCOIN
Here are some of the key events that transpired over the last 11 months:
Timeframe Description
January 2, 2017 Bitcoin closes above the $1k mark for first time in 1,124 days
Mid-January 2017 China cracks down on crypto, partly to help control capital outflows
March 2017 The number of GitHub projects related to Bitcoin passes 10,000
May 4, 2017 Bitcoin surpasses $25B in market capitalization
August 1, 2017 Bitcoin forks into two digital currencies, Bitcoin (BTC) and Bitcoin Cash (BCH)
August 5, 2017 Bitcoin surpasses $50B in market capitalization
September 4, 2017 People’s Bank of China announces that it’s implementing a freeze on ICO funding.
September 8, 2017 It’s leaked that China is shutting down all Bitcoin exchanges in the country
September 12, 2017 JP Morgan’s Jamie Dimon calls Bitcoin a “fraud”
September 28, 2017 South Korea bans raising money through ICOs
October 20, 2017 Bitcoin passes $100B in market capitalization
October 24, 2017 Bitcoin again forks into two digital currencies, Bitcoin (BTC) and Bitcoin Gold (BTG)
October 30, 2017 Vietnam bans Bitcoin and other crypto payments
November 26, 2017 Bitcoin passes $150B in market capitalization
November 28, 2017 Bitcoin trades at $10k for the first time.
And here is how long it took bitcoins to hit each $1,000 barrier:
Time Exact Period Description
138 days Jan 2, 2017 -> May 20, 2017 $1,000 to $2,000
23 days May 20, 2017 -> June 11, 2017 $2,000 to $3,000
63 days June 11, 2017 -> Aug 13, 2017 $3,000 to $4,000
61 days Aug 13, 2017 -> Oct 12, 2017 $4,000 to $5,000
10 days Oct 12, 2017 -> Oct 21, 2017 $5,000 to $6,000
13 days Oct 21, 2017 -> Nov 2, 2017 $6,000 to $7,000
17 days Nov 2, 2017 -> Nov 19, 2017 $7,000 to $8,000
7 days Nov 19, 2017 -> Nov 26, 2017 $8,000 to $9,000
2 days Nov 26, 2017 -> Nov 28, 2017 $9,000 to $10,000
