When is the lowest price of Bitcoin? Analysis of Bitcoin Price Trends in Various Years

Bitcoin has experienced multiple price fluctuations since its inception, from a historical low of $0.0023 on July 2, 2011 to a historical high of over $64000 in 2021. Its historical trend reflects the impact of speculative sentiment, regulatory environment, and economic factors in the cryptocurrency market.

If you want to check the price trend of Bitcoin at any time, you can download the OKX app to view:

http://ok.b615.com/11/

Bitcoin's lowest historical price:

July 2, 2011: $0.0023: The price of Bitcoin at its first public transaction.

Bitcoin price trends over the years:

In 2013:

Bitcoin surged from $20 to $266, with a year-on-year increase of over 1200%.

Reason: The Cyprus financial crisis has intensified people's concerns about the traditional financial system, prompting attention to cryptocurrency as a safe haven asset.

In 2014:

Bitcoin has fallen into a bear market, with prices dropping from $1139 to $314.

Reason: Mt The Gox exchange hacking incident resulted in the theft of 850000 bitcoins, causing market panic.

In 2015:

Bitcoin has shown weak performance, with a narrow range of price fluctuations within the $200 to $400 range.

Reason: The cryptocurrency market is still in its early stages of development and lacks regulatory and institutional support.

In 2016:

Bitcoin has started a rebound, soaring from $300 to $950.

Reason: The passage of the Digital Currency Trading Act has established a regulatory framework for cryptocurrency trading in the United States.

In 2017:

Bitcoin enters a bull market, rising from $950 to a peak of nearly $20000.

Reason: Investors' speculative sentiment is high, and institutional funds are flowing into the cryptocurrency market.

In 2018:

Bitcoin experienced a significant correction, with its price dropping from $20000 to $3200.

Reason: Regulatory concerns about cryptocurrencies have intensified, leading to a retreat of market speculation.

In 2019:

Bitcoin is showing a volatile trend, with prices fluctuating within the range of $3000 to $4000.

Reason: The cryptocurrency market lacks significant catalysts, and investor sentiment is cautious.

In 2020:

Bitcoin has risen from $3600 to over $29000.

Reason: The COVID-19 pandemic has caused global economic uncertainty, and Bitcoin has been sought after as a safe haven asset.

In 2021:

Bitcoin hits a historic high, surpassing $64000.

Reason: Large scale influx of institutional investors into the cryptocurrency market has driven up the price of Bitcoin.

In 2022:

Bitcoin has fallen by over 70%, with its price dropping below $16000.

Reason: The market has generally lost confidence in the cryptocurrency industry, triggering a large-scale sell-off.

In 2023

January 1st: 16548 US dollars

Currently: $25212 (as of March 8, 2023)