Cryptocurrency is undoubtedly one of the most common subjects in the technical world. Digital coins such as Bitcoin and the newly launched Dogecoin have dominated the news. Not only are Bitcoin values at an all-time peak, but Dogecoin prices are as well. With well-known companies like Tesla investing USD 1.5 billion in the cryptocurrency (Bitcoin), the price is expected to reach new highs in the near future.
A Bitcoin is currently worth USD 45,682. (approx. 33,26,976). Is it true that the price has always been this high? So, from 2008 to 2018, this report is a short overview of Bitcoin markets. This article is all you need to read if you’re involved in trading in this digital currency and want to peek at the price list background.
Since 2008 to 2019, the price of bitcoin has risen steadily.
Bitcoin was first released in 2008, but it wasn’t until 2009 that it became widely accepted. This digital currency is not controlled by a central bank and can be exchanged between users via peer-to-peer networks. You may be stunned to learn that the first price of a Bitcoin was $0. However, within a brief period of time, markets began to spike. By June 2009, the price of one Bitcoin had risen to $32. (approx. 2,329).
Since its inception, the price of Bitcoin has not always been stable. It has a fair share of spikes and downs. When the bitcoin industry was at its lowest point in 2011, rates were below $ 2. (about Rs. 145). In 2013, the price of this digital currency started to rise, and it was as high as $ 13.20 in 2013. (roughly Rs. 960). This happened in the first half of the year.
In the same year, the price of Bitcoin started to climb, and by the end of the year, it had reached $1156.10. (roughly Rs. 84,156). The huge market differences in these years had a significant effect on the value in subsequent years. Bitcoin was available for $315 in the first half of 2015. (roughly Rs. 22,929). Bitcoin’s price increased threefold in the following months, reaching $ 975.70 – $ 1,000. (Rs. 70,963-Rs. 72,813). Prices in 2018 were below $6,300. (about Rs. 4,58,651).