Crypto Frontline

Bitcoin Price Over the Last Five Years

 Breaking News
  • G7 Members Take a Tough Stance on Libra   During the informal G7 talks held in Chantilly, north of Paris, the group of seven finance ministers and central bankers agreed that digital currencies such as Facebook’s Libra must...
  • France Will Adopt New Regulation for ICOs   The latest news is showing that France is very close to adopting one of the few regulatory frameworks for Initial Coin Offerings, thus becoming the first major economy taking...
  • Bitcoin Drops 25% in a Week as Sentiment Slumps   After a very impressive month of June, when Bitcoin managed to reach levels not seen since early 2018, the market sentiment seems to have taken a completely opposite direction...
  • Cryptocurrencies Drop on Renewed Regulatory Concerns   All major cryptocurrencies had come under heavy pressure since July 14th, as a new flow of concerns related to regulation had made market participants reconsider how they value digital...
  • Weekly Crypto Analysis July 15-21, 2019   BTCUSD Coinbase Bitcoin started the week on an upward beat, but the sentiment was reversed by the Fed’s Powell Congress hearing, where regulatory concerns on Libra were discussed. Since...
  • Trump Trashes Bitcoin, Praises the US Dollar   The list of Bitcoin critics added a new important name on Thursday, following the latest series of tweets of the US President Donald Trump. Warren Buffett, Jamie Dimon, and...
  • Fed’s Powell Talks About Libra Regulatory Concerns   Even though Facebook kept its cryptocurrency project secret for as long as it could, the company did not manage to avoid reticence from US regulators, who fear about the...
  • Weekly Crypto Analysis July 8-14, 2019   BTCUSD Coinbase Bitcoin continues to be in correction mode as the sellers managed to keep the price action below the key $11,700 area. A series of lower highs confirms...
  • Ether Issuance Could be Reduced Ten-Fold by 2021   Although Ether continues to be the main competitor of Bitcoin in terms of market cap and despite the fact that Ethereum is the leading platform for blockchain-based applications using...
  • Bitcoin Trades Sideways as Buyers Look Exhausted   So far 2019 proved to be a much better-than-anticipated year for Bitcoin, as its price almost reached the $14,000 area on the Coinbase exchange. Optimism pushed Bitcoin past the...

Bitcoin Price Over the Last Five Years

Bitcoin Price Over the Last Five Years
November 27
08:21 2017

The year 2017 had been by far the best year for bitcoin. However, the last few years had been intense as well, in terms of the price evolution, that’s why we’ve assembled this article so you will have a clearer picture on how the price of bitcoin had moved since 2013 until the present time.

How the price of bitcoin fluctuated?

We’ll make our price analysis starting from 2013 since volatility had been high from that point. Looking at our chart below, you can see that 2013 had been the second best year for bitcoin, after 2017, since the price managed to reach 1090 US dollars, starting the beginning of 2013 at 13.5 US dollars per bitcoin.

Following the huge surge of price, 2014 had been a very negative year for bitcoin, the price retreating around 70% of the gains, following the hack of the bitcoin system and surging doubts about the security that it promised.

2015 had been a quiet year, in terms of volatility, the price of bitcoin consolidating around the 200-250 price area and since 2016, the price of bitcoin had started to pick up again. Confidence in the bitcoin system had been picking up in 2016 and the price managed to reach the 900 $ area.

Lastly, 2017 had been by far the best year for bitcoin, the price surging from 945 US dollars to a peak of 7772 US dollars reached in November. The rally is unprecedented and even though various analysts claimed that the price will drop significantly, the bullish trend continues to extend higher. Who knows how far can it go?

The truth is that the price won’t go up forever. Corrective moves will take place in the future. Even though the price managed to reach such high levels and we see three figures gains, there is still increased skepticism over bitcoin’s ability to serve as a universal currency for exchange of goods and services. Lack of regulation and the huge number of system hacks from the last few years show that the bitcoin system still needs improvements. Up until now, no bullish leg lasted more than a year, so we should see the price heading south in 2018 or event at the end of 2017.