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Timeline of Bitcoin's Price Using Important Events and Dates

LNbitcoin

• 1 min read

Here is a timeline of Bitcoin's price using important events and dates:

  • January 3, 2009: Bitcoin network is created and the first block (the Genesis block) is mined.
  • October 5, 2009: The first Bitcoin exchange rate is established, with 1 USD equating to 1,309.03 BTC.
  • July 12, 2010: The first Bitcoin transaction occurs when 10,000 BTC is used to buy two pizzas.
  • February 9, 2011: Bitcoin reaches parity with the US dollar for the first time, with 1 BTC trading at $1.
  • December 7, 2013: Bitcoin's price reaches an all-time high of $1,242.
  • February 28, 2014: Mt. Gox, the largest Bitcoin exchange at the time, declares bankruptcy after losing 850,000 BTC (worth around $450 million at the time) due to a hacking attack.
  • January 14, 2015: Microsoft starts accepting Bitcoin payments for Xbox games and other digital content.
  • November 29, 2017: Bitcoin's price reaches a new all-time high of $19,783.06.
  • December 22, 2017: Bitcoin's price falls by over 40% in a single day, from $16,000 to $10,000.
  • December 17, 2018: Bitcoin's price reaches a low of $3,200, marking an 84% decline from its all-time high.
  • April 2, 2019: Bitcoin's price reaches $5,000 for the first time in 2019.
  • May 11, 2020: The third Bitcoin halving occurs, reducing the block reward from 12.5 BTC to 6.25 BTC.
  • December 16, 2020: Bitcoin's price reaches a new all-time high of $20,089.
  • February 8, 2021: Tesla announces that it has purchased $1.5 billion worth of Bitcoin and will start accepting Bitcoin as payment for its products.
  • May 19, 2021: Bitcoin's price falls by over 30% in a single day, from $43,000 to $30,000.
  • October 2021: Bitcoin's price fluctuates between $40,000 and $60,000, with increased institutional adoption and regulatory scrutiny contributing to the volatility.

It's worth noting that Bitcoin's price is highly volatile and influenced by many factors, including supply and demand, investor sentiment, and regulatory developments. This timeline provides a general overview of some of the key events that have impacted Bitcoin's price over the years.