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1. Shard Calculation

Query:

Response:

Calculated Shard: 148 (from laksa055)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa148.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.investopedia.com\/articles\/forex\/121815\/bitcoins-price-history.asp","crawl_time":1776818520,"first_indexed_time":1510413574,"http_code":200,"src_unparsed":"com,investopedia!www,\/articles\/forex\/121815\/bitcoins-price-history.asp s443","src_root_hash":"7273739457760125548","history_drop_reason":null,"meta_title":"Bitcoin's Price History","meta_descriptions":["Bitcoin's price history has been volatile throughout the years. Learn about the currency's significant spikes and crashes, as well as its major price influencers."],"attrs_boilerpipe_text":"Key Takeaways\nSince its introduction,\nBitcoin\nhas had a choppy and volatile trading history.\nBitcoin was designed to be used as currency in daily transactions.\nWhile Bitcoin is a cryptocurrency, investors have also used it to store value and hedge against inflation and market uncertainty.\nBitcoin's price is a product of supply, demand, and market sentiment.\nTraders and investors can buy and sell Bitcoin through popular\ncrypto exchanges\n.\nGet personalized, AI-powered answers built on 27+ years of trusted expertise.\nAmong all asset classes,\nBitcoin\nhas had one of the more volatile trading histories. The first significant price increase happened in October 2010, when a single Bitcoin's value began to move past its long flat price of less than $0.10.\n1\nBitcoin, which can be bought and sold on popular\ncrypto exchanges\n, has experienced several massive rallies and spectacular crashes since it first became available. This article offers insight into Bitcoin's volatile history and some reasons why its price acts the way it does.\nBitcoin's Price History\nThe price changes for Bitcoin generally reflect investor enthusiasm, as well as the demand and supply dynamics in the market. Satoshi Nakamoto, the anonymous Bitcoin inventor(s), designed it for use in daily transactions, but it has become far more than a payment method.\nIt attracted traders who began to bet on its price changes. Investors turned to Bitcoin as a way to store value, generate wealth, and hedge against inflation, and institutions worked to create\nBitcoin investment instruments\n.\nBitcoin's price fluctuations are primarily driven by traders and investors who buy and sell aggressively in hopes of catching the next big move. If you're thinking of investing in Bitcoin, be sure to select a reliable\ncryptocurrency exchange\nfirst.\nHere's a quick rundown of Bitcoin's price history:\n2009 to 2015\nBitcoin's value was $0 when it was introduced in 2009. The price jumped from its long-held level of $0.10 to $0.15 on Oct. 26, 2010, and reached almost $0.30 before the end of the year. In 2011, it passed $1 and hit a peak of $30.05 on June 9, 2011. A sharp recession in cryptocurrency markets followed, and\nBitcoin's\nprice dropped, closing the year at about $4.\nAlthough Bitcoin's value increased by a few dollars, 2012 remained largely uneventful. But it saw strong gains in 2013. Bitcoin started trading at $13, crossed $100 by April, and $200 by October.\nThe remainder of the year witnessed historic gains for Bitcoin. It crossed $1,000 in December and closed the year at about $760.\n1\n2016 to 2020\nPrices slowly climbed through 2016 to over $900 by the end of the year. In 2017, Bitcoin hovered around $1,000 until it broke over $2,000 in mid-May and then skyrocketed to $19,118 on Dec. 18, 2017.\nMainstream investors, governments, economists, and scientists took notice, and other entities began developing cryptocurrencies to compete with Bitcoin.\nBitcoin's price moved sideways in 2018 and 2019, with small bursts of activity. For example, there was a resurgence in price and trading volume in July 2019, with the price hitting $12,000. However, it fell to a closing price of $7,294 by the end of December.\nIn 2020, the economy shut down due to the COVID-19 pandemic. Bitcoin's price burst into action once again. The\ncryptocurrency\nopened the year at $7,768. The pandemic shutdown and subsequent government policies fed investors' fears about the global economy and accelerated Bitcoin's rise.\nAt the close on Nov. 23, Bitcoin was trading for $18,383. Its price closed at $27,081 on Dec. 28, 2020, increasing 248.62% from the start of that year.\n1\n2021 to 2023\nBitcoin took less than a month in 2021 to break its 2020 price record, surpassing $45,000 by Feb. 8, 2021. By mid-April, prices hit new all-time highs of nearly $60,000. Institutional interest propelled its price further upward, and Bitcoin peaked at $59,890 on April 12, 2021.\nBy the summer of 2021, however, prices were down by 50%, closing at $30,838 on July 19. September saw another bull run, with BTC scraping $52,660, but a significant drawdown led it to close at $42,200 about two weeks later.\n1\nOn Nov. 8, 2021, Bitcoin reached another all-time high of $67,549. In mid-December 2021, the asset fell to a close of $46,709. The price started fluctuating more as uncertainty about inflation and the emergence of a new variant of COVID-19, Omicron, continued to spook investors.\n1\n2\nBetween January and May 2022, Bitcoin's price continued to gradually decline, with closing prices only reaching $47,100 by the end of March before falling further to $29,101 on May 23. This was the first time since July 2021 that Bitcoin closed under $30,000.\nOn June 13, crypto prices plunged, dropping below $23,000 for the first time since December 2020. By the end of 2022, it was under $20,000.\nFortunes changed in 2023, as Bitcoin opened the year at $16,688. It rose consistently throughout 2023, ending the year at $43,599.\n1\nImportant\nOn Dec. 5, 2024, Bitcoin broke through $100,000 on nearly every exchange following news about the appointment of a crypto-friendly SEC Commissioner.\n1\n3\nIt continuously breaks records following news releases, leading many to wonder what\nBitcoin will do next\n.\n2024 Price History\nIn January 2024, the long fight for\nBitcoin Spot ETFs\ncame to a close after the SEC was forced by courts to review its denial of certain Bitcoin-related investment products.\n4\nSome\nbrokerages\nswarmed the market and increased their holdings, while others, like Grayscale's Bitcoin Trust (GBTC), experienced significant outflows at the onset.\n5\nThe outflows from certain funds slowed going into March, somewhat settling the market. The market-wide rebalancing was likely because there were suddenly more options for investors to choose from.\nEarly 2024\nBitcoin's price climbed quickly after the fund approvals—in late February and early March, it breached $60,000 again, setting a high of $72,125 on March 11 and another of $73,079 on March 13.\n1\nMid 2024\nOn April 19, 2024, Bitcoin had its fourth halving event, reducing the reward for a mined block from 6.25 BTC to 3.125 BTC. It recorded a modest gain that day and closed at $63,851.\n6\n1\nOn Sept. 18, 2024, the U.S.\nFederal Reserve\nannounced its first rate cut since the start of the COVID-19 pandemic, lowering the target federal funds rate to 4.75% to 5%.\n7\nPredictably, the market had a positive reaction, with gains across major indices. Bitcoin also continued its trend of \"mimicking\" the stock market and, on Sept. 19, 2024, traded around $63,000, sharply higher than its price of about $60,000 just two days prior.\n1\nLate 2024\nOn Nov. 7, 2024, Bitcoin's price hit another all-time high of $75,902 following Donald Trump's re-election, a 9% increase from the closing price on Nov. 5. On Nov. 10, 2024, Bitcoin reached another milestone, crossing the $80,000 threshold.\n1\nOn Nov. 11, it continued pushing boundaries, and on Nov. 13, it made it past $90,000, closing at $90,574.\n1\nMarket exuberance was unfaltering in the following weeks, pushing Bitcoin to unbelievable highs of $99,817 on Oanda, $99,860 on Coinbase, and $99,852 on Gemini on Nov. 22, 2024, by midday.\n8\n9\n10\nOn Dec. 8, 2024, Bitcoin broke through $100,000 and closed at $101,237.\n1\nThese significant increases are due to investor exuberance following Trump's many promises on the campaign trail, such as replacing Securities and Exchange Commission Chairman Gary Gensler, making America \"the crypto capital of the world,\" and creating a \"Strategic Bitcoin Reserve,\" among others.\n2025 Price History\nIn January 2025, Bitcoin experienced a somewhat lateral market, even after the announcement that\nMicrostrategy purchased $1.1 billion BTC\non January 21. That day, prices closed at $106,136.\n1\nOn May 22, 2025, Bitcoin set another record, closing at $111,679. However, on Aug. 13, 2025, Bitcoin hit another high of $123,339 before dropping below $118,000 two days later, following a disappointing Producer Price Index (PPI) report.\n1\n11\nOn Oct. 6, 2025, Bitcoin hit another all-time high of over $126,198.07. However, the excitement surrounding that milestone was short-lived because five days later, it declined to just over $110,000.\nThe decline continued through October and November, reaching a low of $84,648 on Nov. 22. By Dec. 1, Bitcoin made a slight recovery, closing at $92,119.\n1\nWhat Affects Bitcoin's Price?\nSupply and Demand\nLike other currencies, products, or services within a country or economy, Bitcoin and other cryptocurrencies depend on perceived value, supply, and demand. If people believe that Bitcoin is worth a specific amount, they will buy it, especially if they think its value will increase.\nOnly 21 million Bitcoins will ever be created. The closer Bitcoin gets to its limit, the higher, theoretically, its price should be, assuming all other factors remain the same. This limit should keep increasing its value over time as new coins become more scarce, putting upward pressure on demand.\n12\nBitcoins are created by mining software and hardware at a specified rate. This rate splits in\nhalf every four years\n, slowing down the number of coins created. The last halving occurred on April 19, 2024. If events unfold as they've historically done, Bitcoin's price can rise again, but there's no guarantee that the market will react the same.\n13\nBitcoin's price should continue to rise as long as it continues to grow in popularity and its supply cannot meet demand. However, if popularity wanes and demand falls, there will be more supply than demand. Then, Bitcoin's price should drop unless it maintains its value for other reasons.\nNew Bitcoin Securities\nAnother factor that affects Bitcoin's price also relates to the supply and demand of related securities. Bitcoin became a financial instrument that investors and financial institutions use to store value and generate returns.\nAs a result, derivatives have been developed to broaden access to BTC for a wider range of investors. This also influences the demand for Bitcoins.\nSpeculation, investment product hype,\nirrational exuberance\n, and investor panic and fear can also be expected to affect Bitcoin's price because demand will rise and fall with investor sentiment.\nAs witnessed after the SEC approved Spot Bitcoin ETFs, regulatory activity causes market participants to take action. As new Bitcoin securities hit the market, Bitcoin's price will adjust due to the changes in supply and demand.\nBitcoin ETFs\nIn January 2024, the U.S. Securities and Exchange Commission authorized U.S. exchange-traded products to buy and hold Bitcoin directly on behalf of their investors.\n14\nBefore that, ETFs were only permitted to gain indirect exposure to bitcoin through futures contracts. In October 2024, the SEC approved options contracts on select spot Bitcoin ETFs. As of December 2025, there were 33 Bitcoin spot ETFs, with combined assets at about $124 billion.\n15\n16\nCryptocurrency Competition\nOther cryptocurrencies\nmay also affect Bitcoin's price. The utility of cryptocurrencies as a whole continues to grow as regulators, institutions, and merchants address concerns and adopt them as acceptable forms of payment and currency.\nLastly, if consumers and investors believe that other coins will prove to be more valuable than Bitcoin, demand will fall, taking prices with it. Or, demand will rise along with prices if sentiment and trading move in the bullish direction.\nIs Bitcoin a Good Investment?\nBitcoin is a cryptocurrency designed as a payment method. Investors and traders also began using it as an investment, but its price is highly volatile. This creates a significant financial risk. It is best to talk to a professional financial advisor about your specific circumstances and goals before buying Bitcoin as an investment.\nWhat Was Bitcoin's Best Price Ever?\nBitcoin reached an all-time high closing price of over $124,752 on Oct. 6, 2025.\n1\nHow Much Will 1 Bitcoin Be Worth in 2030?\nIt's difficult to predict what one BTC will be worth at any given moment because it is such a volatile asset. By 2030, one bitcoin could be worth millions or nothing, depending on what happens. The primary factors that play a role in bitcoin's price are supply, demand, competition, and regulation.\nThe Bottom Line\nSince its launch in 2009, Bitcoin has remained a popular and closely followed asset and continues to demonstrate highly volatile price action. If past and recent events and prices are any indication, we can expect the volatility to continue as long as there is demand for it as an investment asset.\nThe comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our\nwarranty and liability disclaimer\n for more info. As of the date this article was written, the author does not own cryptocurrency.","attrs_markdown":"\n\n[Skip to content](https:\/\/www.investopedia.com\/articles\/forex\/121815\/bitcoins-price-history.asp#main)\n\n[Investopedia](https:\/\/www.investopedia.com\/)\n\n[Trade](https:\/\/www.investopedia.com\/simulator\/?inv_to_sim=global_nav)\n\n- Please fill out this field.\n- [Newsletters](https:\/\/www.investopedia.com\/articles\/forex\/121815\/bitcoins-price-history.asp)\n\nPlease fill out this field.\n\n- [News](https:\/\/www.investopedia.com\/news-4427706)\n  News\n  \n  - [Markets](https:\/\/www.investopedia.com\/markets-news-4427704)\n  - [Companies](https:\/\/www.investopedia.com\/company-news-4427705)\n  - [Earnings](https:\/\/www.investopedia.com\/earnings-reports-5218419)\n  - [CD Rates](https:\/\/www.investopedia.com\/certificates-deposit-news-7111770)\n  - [Mortgage Rates](https:\/\/www.investopedia.com\/mortgage-rates-5184598)\n  - [Economy](https:\/\/www.investopedia.com\/economic-news-5218422)\n  - 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He provides performance analysis of hedge funds and investors.\n\nLearn about our  [editorial policies](https:\/\/www.investopedia.com\/legal-4768893#editorial-policy)\n\nUpdated December 03, 2025\n\nReviewed by [Julius Mansa](https:\/\/www.investopedia.com\/julius-mansa-4799781)\n\nFact checked by\n\n[Vikki Velasquez](https:\/\/www.investopedia.com\/vikki-velasquez-5198872)\n\n![Vikkie Velasquez]()\n\n![Vikkie Velasquez](https:\/\/www.investopedia.com\/thmb\/qsiqwN4603qvBBcEmwBBFAZ7h-8=\/200x200\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/vikki-velasquez-investopedia-portrait-1-18b989d75f1f4d6d9b5b3a47cb3ffc5f.jpg)\n\nFact checked by Vikki Velasquez\n\n[Full Bio](https:\/\/www.investopedia.com\/vikki-velasquez-5198872)\n\nVikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues and has also revised and edited educational materials for the Greater Richmond area.\n\nLearn about our  [editorial policies](https:\/\/www.investopedia.com\/legal-4768893#editorial-policy)\n\n![A graph depicting the rise in Bitcoins price history over time with stacks of coins placed along the curve.](https:\/\/www.investopedia.com\/thmb\/DEN4Sumc88ddmTtUD-AX3SwzUb8=\/1500x0\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/Bitcoins-price-history-4240814-V1-4efc2ab43fa7431ca4d112f6bf24bb04.png)\n\n![A graph depicting the rise in Bitcoins price history over time with stacks of coins placed along the curve.](https:\/\/www.investopedia.com\/thmb\/DEN4Sumc88ddmTtUD-AX3SwzUb8=\/1500x0\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/Bitcoins-price-history-4240814-V1-4efc2ab43fa7431ca4d112f6bf24bb04.png)\n\nBitcoin's price has shot up significantly since it was launched, starting from nothing and reaching six figures at its high.\n\nInvestopedia \/ Madelyn Goodnight\n\nClose\n\n### Key Takeaways\n- Since its introduction, [Bitcoin](https:\/\/www.investopedia.com\/the-best-bitcoin-ira-companies-8781317) has had a choppy and volatile trading history.\n- Bitcoin was designed to be used as currency in daily transactions.\n- While Bitcoin is a cryptocurrency, investors have also used it to store value and hedge against inflation and market uncertainty.\n- Bitcoin's price is a product of supply, demand, and market sentiment.\n- Traders and investors can buy and sell Bitcoin through popular [crypto exchanges](https:\/\/www.investopedia.com\/best-crypto-exchanges-5071855).\n\nGet personalized, AI-powered answers built on 27+ years of trusted expertise.\n\nASK\n\nAmong all asset classes, [Bitcoin](https:\/\/www.investopedia.com\/the-best-bitcoin-ira-companies-8781317) has had one of the more volatile trading histories. The first significant price increase happened in October 2010, when a single Bitcoin's value began to move past its long flat price of less than \\$0.10.1\n\nBitcoin, which can be bought and sold on popular [crypto exchanges](https:\/\/www.investopedia.com\/best-crypto-exchanges-5071855), has experienced several massive rallies and spectacular crashes since it first became available. This article offers insight into Bitcoin's volatile history and some reasons why its price acts the way it does.\n\n## Related Stories\n[Best Crypto Exchanges and Apps for April 2026 ![Image of assorted crypto currencies trending higher.](https:\/\/www.investopedia.com\/thmb\/gsnOke5IcMddGJYmzl_zM7vW8VQ=\/300x200\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/BestCryptoExchangesandApps-final-bc4126c95d7f45f2b285760e37625ec4.png) ![Image of assorted crypto currencies trending higher.](https:\/\/www.investopedia.com\/thmb\/gsnOke5IcMddGJYmzl_zM7vW8VQ=\/300x200\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/BestCryptoExchangesandApps-final-bc4126c95d7f45f2b285760e37625ec4.png)](https:\/\/www.investopedia.com\/best-crypto-exchanges-5071855)\n\n[The Best Bitcoin Wallets for April 2026 ![The Best Bitcoin Wallets](https:\/\/www.investopedia.com\/thmb\/eYsX1i4z_S6-vkNBKTT-mlc2nsU=\/300x200\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/FPM-best-bitcoin-wallets-5070283-FINAL-1-e434e324e2f04041a93676eda7481dc8.png) ![The Best Bitcoin Wallets](https:\/\/www.investopedia.com\/thmb\/eYsX1i4z_S6-vkNBKTT-mlc2nsU=\/300x200\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/FPM-best-bitcoin-wallets-5070283-FINAL-1-e434e324e2f04041a93676eda7481dc8.png)](https:\/\/www.investopedia.com\/the-best-bitcoin-wallets-11688646)\n## Bitcoin's Price History\nThe price changes for Bitcoin generally reflect investor enthusiasm, as well as the demand and supply dynamics in the market. Satoshi Nakamoto, the anonymous Bitcoin inventor(s), designed it for use in daily transactions, but it has become far more than a payment method.\n\nTake the Next Step to Invest\n\nAdvertiser Disclosure\n\n×\n\nThe offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.\n\nIt attracted traders who began to bet on its price changes. Investors turned to Bitcoin as a way to store value, generate wealth, and hedge against inflation, and institutions worked to create [Bitcoin investment instruments](https:\/\/www.investopedia.com\/investing\/bitcoin-etfs-explained\/).\n\nBitcoin's price fluctuations are primarily driven by traders and investors who buy and sell aggressively in hopes of catching the next big move. If you're thinking of investing in Bitcoin, be sure to select a reliable [cryptocurrency exchange](https:\/\/www.investopedia.com\/best-crypto-exchanges-5071855) first.\n\nHere's a quick rundown of Bitcoin's price history:\n\n### 2009 to 2015\nBitcoin's value was \\$0 when it was introduced in 2009. The price jumped from its long-held level of \\$0.10 to \\$0.15 on Oct. 26, 2010, and reached almost \\$0.30 before the end of the year. In 2011, it passed \\$1 and hit a peak of \\$30.05 on June 9, 2011. A sharp recession in cryptocurrency markets followed, and [Bitcoin's](https:\/\/www.investopedia.com\/terms\/b\/bitcoin.asp) price dropped, closing the year at about \\$4.\n\nAlthough Bitcoin's value increased by a few dollars, 2012 remained largely uneventful. But it saw strong gains in 2013. Bitcoin started trading at \\$13, crossed \\$100 by April, and \\$200 by October.\n\nThe remainder of the year witnessed historic gains for Bitcoin. It crossed \\$1,000 in December and closed the year at about \\$760.1\n\n### 2016 to 2020\nPrices slowly climbed through 2016 to over \\$900 by the end of the year. In 2017, Bitcoin hovered around \\$1,000 until it broke over \\$2,000 in mid-May and then skyrocketed to \\$19,118 on Dec. 18, 2017.\n\nMainstream investors, governments, economists, and scientists took notice, and other entities began developing cryptocurrencies to compete with Bitcoin.\n\nBitcoin's price moved sideways in 2018 and 2019, with small bursts of activity. For example, there was a resurgence in price and trading volume in July 2019, with the price hitting \\$12,000. However, it fell to a closing price of \\$7,294 by the end of December.\n\nIn 2020, the economy shut down due to the COVID-19 pandemic. Bitcoin's price burst into action once again. The [cryptocurrency](https:\/\/www.investopedia.com\/terms\/c\/cryptocurrency.asp) opened the year at \\$7,768. The pandemic shutdown and subsequent government policies fed investors' fears about the global economy and accelerated Bitcoin's rise.\n\nAt the close on Nov. 23, Bitcoin was trading for \\$18,383. Its price closed at \\$27,081 on Dec. 28, 2020, increasing 248.62% from the start of that year.1\n\n### 2021 to 2023\nBitcoin took less than a month in 2021 to break its 2020 price record, surpassing \\$45,000 by Feb. 8, 2021. By mid-April, prices hit new all-time highs of nearly \\$60,000. Institutional interest propelled its price further upward, and Bitcoin peaked at \\$59,890 on April 12, 2021.\n\nBy the summer of 2021, however, prices were down by 50%, closing at \\$30,838 on July 19. September saw another bull run, with BTC scraping \\$52,660, but a significant drawdown led it to close at \\$42,200 about two weeks later.1\n\nOn Nov. 8, 2021, Bitcoin reached another all-time high of \\$67,549. In mid-December 2021, the asset fell to a close of \\$46,709. The price started fluctuating more as uncertainty about inflation and the emergence of a new variant of COVID-19, Omicron, continued to spook investors.12\n\nBetween January and May 2022, Bitcoin's price continued to gradually decline, with closing prices only reaching \\$47,100 by the end of March before falling further to \\$29,101 on May 23. This was the first time since July 2021 that Bitcoin closed under \\$30,000.\n\nOn June 13, crypto prices plunged, dropping below \\$23,000 for the first time since December 2020. By the end of 2022, it was under \\$20,000.\n\nFortunes changed in 2023, as Bitcoin opened the year at \\$16,688. It rose consistently throughout 2023, ending the year at \\$43,599.1\n\n### Important\nOn Dec. 5, 2024, Bitcoin broke through \\$100,000 on nearly every exchange following news about the appointment of a crypto-friendly SEC Commissioner.13 It continuously breaks records following news releases, leading many to wonder what [Bitcoin will do next](https:\/\/www.investopedia.com\/bitcoin-breaks-usd100-000-what-s-next-update-crypto-8749779).\n## 2024 Price History\nIn January 2024, the long fight for [Bitcoin Spot ETFs](https:\/\/www.investopedia.com\/spot-bitcoin-etfs-8358373) came to a close after the SEC was forced by courts to review its denial of certain Bitcoin-related investment products.4 Some [brokerages](https:\/\/www.investopedia.com\/best-online-brokers-4587872) swarmed the market and increased their holdings, while others, like Grayscale's Bitcoin Trust (GBTC), experienced significant outflows at the onset.5\n\nThe outflows from certain funds slowed going into March, somewhat settling the market. The market-wide rebalancing was likely because there were suddenly more options for investors to choose from.\n\n### Early 2024\nBitcoin's price climbed quickly after the fund approvals—in late February and early March, it breached \\$60,000 again, setting a high of \\$72,125 on March 11 and another of \\$73,079 on March 13.1\n\n### Mid 2024\nOn April 19, 2024, Bitcoin had its fourth halving event, reducing the reward for a mined block from 6.25 BTC to 3.125 BTC. It recorded a modest gain that day and closed at \\$63,851.61\n\nOn Sept. 18, 2024, the U.S. [Federal Reserve](https:\/\/www.investopedia.com\/celebrating-the-federal-reserve-8402434) announced its first rate cut since the start of the COVID-19 pandemic, lowering the target federal funds rate to 4.75% to 5%.7\n\nPredictably, the market had a positive reaction, with gains across major indices. Bitcoin also continued its trend of \"mimicking\" the stock market and, on Sept. 19, 2024, traded around \\$63,000, sharply higher than its price of about \\$60,000 just two days prior.1\n\n### Late 2024\nOn Nov. 7, 2024, Bitcoin's price hit another all-time high of \\$75,902 following Donald Trump's re-election, a 9% increase from the closing price on Nov. 5. On Nov. 10, 2024, Bitcoin reached another milestone, crossing the \\$80,000 threshold.1\n\nOn Nov. 11, it continued pushing boundaries, and on Nov. 13, it made it past \\$90,000, closing at \\$90,574.1 Market exuberance was unfaltering in the following weeks, pushing Bitcoin to unbelievable highs of \\$99,817 on Oanda, \\$99,860 on Coinbase, and \\$99,852 on Gemini on Nov. 22, 2024, by midday.8910\n\nOn Dec. 8, 2024, Bitcoin broke through \\$100,000 and closed at \\$101,237.1\n\nThese significant increases are due to investor exuberance following Trump's many promises on the campaign trail, such as replacing Securities and Exchange Commission Chairman Gary Gensler, making America \"the crypto capital of the world,\" and creating a \"Strategic Bitcoin Reserve,\" among others.\n\n## 2025 Price History\nIn January 2025, Bitcoin experienced a somewhat lateral market, even after the announcement that [Microstrategy purchased \\$1.1 billion BTC](https:\/\/www.investopedia.com\/microstrategy-bought-another-usd1b-in-bitcoin-last-week-8777636) on January 21. That day, prices closed at \\$106,136.1\n\nOn May 22, 2025, Bitcoin set another record, closing at \\$111,679. However, on Aug. 13, 2025, Bitcoin hit another high of \\$123,339 before dropping below \\$118,000 two days later, following a disappointing Producer Price Index (PPI) report.111\n\nOn Oct. 6, 2025, Bitcoin hit another all-time high of over \\$126,198.07. However, the excitement surrounding that milestone was short-lived because five days later, it declined to just over \\$110,000.\n\nThe decline continued through October and November, reaching a low of \\$84,648 on Nov. 22. By Dec. 1, Bitcoin made a slight recovery, closing at \\$92,119.1\n\n## What Affects Bitcoin's Price?\n### Supply and Demand\nLike other currencies, products, or services within a country or economy, Bitcoin and other cryptocurrencies depend on perceived value, supply, and demand. If people believe that Bitcoin is worth a specific amount, they will buy it, especially if they think its value will increase.\n\nOnly 21 million Bitcoins will ever be created. The closer Bitcoin gets to its limit, the higher, theoretically, its price should be, assuming all other factors remain the same. This limit should keep increasing its value over time as new coins become more scarce, putting upward pressure on demand.12\n\nBitcoins are created by mining software and hardware at a specified rate. This rate splits in [half every four years](https:\/\/www.investopedia.com\/bitcoin-halving-4843769), slowing down the number of coins created. The last halving occurred on April 19, 2024. If events unfold as they've historically done, Bitcoin's price can rise again, but there's no guarantee that the market will react the same.13\n\nBitcoin's price should continue to rise as long as it continues to grow in popularity and its supply cannot meet demand. However, if popularity wanes and demand falls, there will be more supply than demand. Then, Bitcoin's price should drop unless it maintains its value for other reasons.\n\n### New Bitcoin Securities\nAnother factor that affects Bitcoin's price also relates to the supply and demand of related securities. Bitcoin became a financial instrument that investors and financial institutions use to store value and generate returns.\n\nAs a result, derivatives have been developed to broaden access to BTC for a wider range of investors. This also influences the demand for Bitcoins.\n\nSpeculation, investment product hype, [irrational exuberance](https:\/\/www.investopedia.com\/terms\/i\/irrationalexuberance.asp), and investor panic and fear can also be expected to affect Bitcoin's price because demand will rise and fall with investor sentiment.\n\nAs witnessed after the SEC approved Spot Bitcoin ETFs, regulatory activity causes market participants to take action. As new Bitcoin securities hit the market, Bitcoin's price will adjust due to the changes in supply and demand.\n\n### Bitcoin ETFs\nIn January 2024, the U.S. Securities and Exchange Commission authorized U.S. exchange-traded products to buy and hold Bitcoin directly on behalf of their investors.14\n\nBefore that, ETFs were only permitted to gain indirect exposure to bitcoin through futures contracts. In October 2024, the SEC approved options contracts on select spot Bitcoin ETFs. As of December 2025, there were 33 Bitcoin spot ETFs, with combined assets at about \\$124 billion.1516\n### Cryptocurrency Competition\n[Other cryptocurrencies](https:\/\/www.investopedia.com\/tech\/most-important-cryptocurrencies-other-than-bitcoin\/) may also affect Bitcoin's price. The utility of cryptocurrencies as a whole continues to grow as regulators, institutions, and merchants address concerns and adopt them as acceptable forms of payment and currency.\n\nLastly, if consumers and investors believe that other coins will prove to be more valuable than Bitcoin, demand will fall, taking prices with it. Or, demand will rise along with prices if sentiment and trading move in the bullish direction.\n\n## Is Bitcoin a Good Investment?\nBitcoin is a cryptocurrency designed as a payment method. Investors and traders also began using it as an investment, but its price is highly volatile. This creates a significant financial risk. It is best to talk to a professional financial advisor about your specific circumstances and goals before buying Bitcoin as an investment.\n\n## What Was Bitcoin's Best Price Ever?\nBitcoin reached an all-time high closing price of over \\$124,752 on Oct. 6, 2025.1\n\n## How Much Will 1 Bitcoin Be Worth in 2030?\nIt's difficult to predict what one BTC will be worth at any given moment because it is such a volatile asset. By 2030, one bitcoin could be worth millions or nothing, depending on what happens. The primary factors that play a role in bitcoin's price are supply, demand, competition, and regulation.\n## The Bottom Line\nSince its launch in 2009, Bitcoin has remained a popular and closely followed asset and continues to demonstrate highly volatile price action. If past and recent events and prices are any indication, we can expect the volatility to continue as long as there is demand for it as an investment asset.\n\n*The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our [warranty and liability disclaimer](https:\/\/www.investopedia.com\/legal-4768893#toc-warranty-and-liability-disclaimer) for more info. As of the date this article was written, the author does not own cryptocurrency.*\n\nGet personalized, AI-powered answers built on 27+ years of trusted expertise.\n\nASK\n\nArticle Sources\n\nInvestopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our [editorial policy.](https:\/\/www.investopedia.com\/legal-4768893#EditorialPolicy)\n\n1. CoinMarketCap. \"[Bitcoin (BTC)](https:\/\/coinmarketcap.com\/currencies\/bitcoin\/).\"\n2. Centers for Disease Control and Prevention. \"[First Confirmed Case of Omicron Variant Detected in the United States: Media Statement for Immediate Release: Wednesday, December 1, 2021](https:\/\/stacks.cdc.gov\/view\/cdc\/112178).\"\n3. The New York Times. \"[Trump Picks Paul Atkins to Run the S.E.C](https:\/\/www.nytimes.com\/2024\/12\/04\/business\/trump-sec-paul-atkins.html).\"\n4. U.S. Congress. \"[SEC Approves Bitcoin Exchange-Traded Products (ETPs)](https:\/\/www.congress.gov\/crs-product\/IF12573).\"\n5. Cryptonews. \"[Grayscale Faces \\$21 Billion Exodus as Spot Bitcoin ETFs Flourish](https:\/\/cryptonews.com\/news\/grayscale-bitcoin-etf-records-21-billion-outflows-since-january-data\/).\"\n6. Crypto.com. \"[BitcoinHalving Was Completed on Apr. 20 2024](https:\/\/crypto.com\/en\/bitcoin\/halving-countdown).\"\n7. Board of Governors of the Federal Reserve System. \"[Open Market Operations](https:\/\/www.federalreserve.gov\/monetarypolicy\/openmarket.htm).\"\n8. TradingView. \"[BTCUSD Oanda](https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=OANDA).\" Select \"See on Supercharts.\"\n9. TradingView. \"[BTCUSD Coinbase](https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=COINBASE).\" Select \"See on Supercharts.\"\n10. Tradingview. \"[BTCUSD Gemini](https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=GEMINI).\" Select \"See on Supercharts.\"\n11. U.S. Bureau of Labor Statistics. \"[Producer Price Indexes - August 2025](https:\/\/www.bls.gov\/news.release\/archives\/ppi_09102025.htm).\"\n12. Bitcoin Project. \"[Frequently Asked Questions: Economy](https:\/\/bitcoin.org\/en\/faq).\"\n13. Bitbo. \"[Bitcoin Halving Dates - History & Future](https:\/\/charts.bitbo.io\/halving-dates\/).\"\n14. U.S. Securities and Exchange Commission. \"[Release No. 34-100224](https:\/\/www.sec.gov\/files\/rules\/sro\/nysearca\/2024\/34-100224.pdf).\"\n15. Reuters. \"[U.S. SEC Gives Green Light for Options Listing for Three Spot Bitcoin ETFs to NYSE](https:\/\/www.reuters.com\/markets\/us\/us-sec-gives-green-light-options-listing-spot-bitcoin-etfs-nyse-2024-10-18\/).\"\n16. ETF.com. \"[Spot Bitcoin ETFs](https:\/\/www.etf.com\/topics\/spot-bitcoin).\"\n\nCompare Accounts\n\nAdvertiser Disclosure\n\n×\n\nThe offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.\n\nRead more\n\n- [Cryptocurrency](https:\/\/www.investopedia.com\/cryptocurrency-4427699)\n- [Bitcoin](https:\/\/www.investopedia.com\/bitcoin-4689766)\n\nPartner Links\n\n## Related Articles\n[![Bitcoin House in Paris, devoted to crypto currency. ](https:\/\/www.investopedia.com\/thmb\/JyBpERO82ruHMqvYm6_GjTWqli0=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-1041976786-a078126a20a6410d9a4fba7d439b4ae1.jpg) ![Bitcoin House in Paris, devoted to crypto currency. ](https:\/\/www.investopedia.com\/thmb\/JyBpERO82ruHMqvYm6_GjTWqli0=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-1041976786-a078126a20a6410d9a4fba7d439b4ae1.jpg) A Beginner's Guide to Paying With Cryptocurrency](https:\/\/www.investopedia.com\/ask\/answers\/100314\/what-are-advantages-paying-bitcoin.asp)\n\n[![Woman sitting on couch looking at 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debit cards.](https:\/\/www.investopedia.com\/thmb\/qFsrXCaSuUgtpmk1bFuqm-86Ebg=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/BestBitcoinDebitCardsforFebruary2025-0740cd4282644baca91590b8828c2280.jpg) Best Bitcoin Debit Cards for April 2026](https:\/\/www.investopedia.com\/the-best-bitcoin-debit-cards-8782795)\n\n[![Young trader using smartphone to monitor cryptocurrency prices for Bitcoin IRA investment.](https:\/\/www.investopedia.com\/thmb\/5izNZBcRxiU5D-vWtwGy_WJagMM=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/BestBitcoinIRACompaniesforJanuary2025-037413ed188046ff88de591b836346dd.jpg) ![Young trader using smartphone to monitor cryptocurrency prices for Bitcoin IRA investment.](https:\/\/www.investopedia.com\/thmb\/5izNZBcRxiU5D-vWtwGy_WJagMM=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/BestBitcoinIRACompaniesforJanuary2025-037413ed188046ff88de591b836346dd.jpg) Best Bitcoin IRA Companies for April 2026](https:\/\/www.investopedia.com\/the-best-bitcoin-ira-companies-8781317)\n\n[![A woman holding a smartphone that is being reflected in her glasses with green charts and\/or words](https:\/\/www.investopedia.com\/thmb\/9AhQDm-gqqVh0iHMyiT8XkRlFx8=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-1827741441-55a529dfde964fc9bf2f57820b0528db.jpg) ![A woman holding a smartphone that is being reflected in her glasses with green charts and\/or words](https:\/\/www.investopedia.com\/thmb\/9AhQDm-gqqVh0iHMyiT8XkRlFx8=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-1827741441-55a529dfde964fc9bf2f57820b0528db.jpg) Bitcoin vs. Ethereum: Key Differences Explained](https:\/\/www.investopedia.com\/articles\/investing\/031416\/bitcoin-vs-ethereum-driven-different-purposes.asp)\n\n[![Physical version of Bitcoin coin, aka virtual 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Methods to Protect Your Cryptocurrency](https:\/\/www.investopedia.com\/news\/bitcoin-safe-storage-cold-wallet\/)\n\n[![Person using a smartphone with Bitcoin symbols displayed in the foreground](https:\/\/www.investopedia.com\/thmb\/pLD_2EZ0h1DlNLHEklJi4QA2s4Q=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-1366240594-e736efe64d374e749677725d469b2e24.jpg) ![Person using a smartphone with Bitcoin symbols displayed in the foreground](https:\/\/www.investopedia.com\/thmb\/pLD_2EZ0h1DlNLHEklJi4QA2s4Q=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-1366240594-e736efe64d374e749677725d469b2e24.jpg) Cryptocurrency Exchanges: What They Are and How To Choose](https:\/\/www.investopedia.com\/tech\/190-cryptocurrency-exchanges-so-how-choose\/)\n\n[![A neon sign advertises a Bitcoin and Ethereum crypto currency exchange in Warsaw, Poland, on Jan. 4, 2025.](https:\/\/www.investopedia.com\/thmb\/-gvvJkO9r71y2ortplCe3ZAVtEo=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2191923711-de63d5576849466bbd1c7ebae2fa65b7.jpg) ![A neon sign advertises a Bitcoin and Ethereum crypto currency exchange in Warsaw, Poland, on Jan. 4, 2025.](https:\/\/www.investopedia.com\/thmb\/-gvvJkO9r71y2ortplCe3ZAVtEo=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2191923711-de63d5576849466bbd1c7ebae2fa65b7.jpg) Does Ethereum Have More Upside Potential Than Bitcoin?](https:\/\/www.investopedia.com\/ethereum-or-bitcoin-11832006)\n\n[![Crypto trader checking currency market on phone, buying bitcoin](https:\/\/www.investopedia.com\/thmb\/PbtGGN1M4Mz7_OL0Ookx026Ey_o=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/Primary-Image-how-to-buy-and-sell-bitcoin-options-7378233-bd2a484188b6473eb92cdc890bfd5673.jpg) ![Crypto trader checking currency market on phone, buying bitcoin](https:\/\/www.investopedia.com\/thmb\/PbtGGN1M4Mz7_OL0Ookx026Ey_o=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/Primary-Image-how-to-buy-and-sell-bitcoin-options-7378233-bd2a484188b6473eb92cdc890bfd5673.jpg) How Do Cryptocurrency Exchange-Traded Funds (ETFs) Work?](https:\/\/www.investopedia.com\/investing\/understanding-cryptocurrency-etfs\/)\n\n[![Golden Bitcoins](https:\/\/www.investopedia.com\/thmb\/2AoOOQjDJI6OfhiX6Yds69D8uhQ=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/golden-bitcoins-991448988-7f254d7a2e0b408895d784b82dd58950.jpg) ![Golden Bitcoins](https:\/\/www.investopedia.com\/thmb\/2AoOOQjDJI6OfhiX6Yds69D8uhQ=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/golden-bitcoins-991448988-7f254d7a2e0b408895d784b82dd58950.jpg) What Is Bitcoin Maximalism? Beliefs and Future Impact](https:\/\/www.investopedia.com\/terms\/b\/bitcoin-maximalism.asp)\n\n[![A man walks past a bitcoin monument on a pedestal in El Salvador.](https:\/\/www.investopedia.com\/thmb\/Y25LgURkePbBSOEj_05Mba2mbjs=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2169861965-fbfe9dcf49334661b84c2e09b2a652f5.jpg) ![A man walks past a bitcoin monument on a pedestal in El Salvador.](https:\/\/www.investopedia.com\/thmb\/Y25LgURkePbBSOEj_05Mba2mbjs=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2169861965-fbfe9dcf49334661b84c2e09b2a652f5.jpg) Bitcoin Record High: Portfolio Strategies for Navigating Volatility](https:\/\/www.investopedia.com\/bitcoin-record-high-portfolio-strategy-8756170)\n\n[![Two people discussing crypto trading while looking at computer screens](https:\/\/www.investopedia.com\/thmb\/RF5iMfl4MjVneoIq6mAnd3mSGRY=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/INV_Crypto_FOMO_GettyImages-1308419971-f41ca43688ec4cefb8253580ef16cf13.jpg) ![Two people discussing crypto trading while looking at computer screens](https:\/\/www.investopedia.com\/thmb\/RF5iMfl4MjVneoIq6mAnd3mSGRY=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/INV_Crypto_FOMO_GettyImages-1308419971-f41ca43688ec4cefb8253580ef16cf13.jpg) How to Find New Cryptocurrencies for Investment](https:\/\/www.investopedia.com\/news\/how-find-your-next-cryptocurrency-investment\/)\n\n[![Bitcoin, illustration](https:\/\/www.investopedia.com\/thmb\/XTCUVDUJRtB2e2qtXk01mJ-UOFE=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/bitcoin--illustration-932732414-46996de57dd847ffa4f4e79e498825de.jpg) ![Bitcoin, illustration](https:\/\/www.investopedia.com\/thmb\/XTCUVDUJRtB2e2qtXk01mJ-UOFE=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/bitcoin--illustration-932732414-46996de57dd847ffa4f4e79e498825de.jpg) Block Reward Definition, Incentives, and Future in Crypto](https:\/\/www.investopedia.com\/terms\/b\/block-reward.asp)\n\n[![Person holding smartphone with Crypto Scam displayed collage of individuals and abstract shapes concept about cryptocurrency risks](https:\/\/www.investopedia.com\/thmb\/n3FY1XXHyLQ4J0ChJX185RutmFg=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/08_AvoidCryptocurrencyScams_final-4980cd350b5c4475877ca5ae2ef07366.png) ![Person holding smartphone with Crypto Scam displayed collage of individuals and abstract shapes concept about cryptocurrency risks](https:\/\/www.investopedia.com\/thmb\/n3FY1XXHyLQ4J0ChJX185RutmFg=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/08_AvoidCryptocurrencyScams_final-4980cd350b5c4475877ca5ae2ef07366.png) Cryptocurrency Scams: How to Spot, Report, and Avoid Them](https:\/\/www.investopedia.com\/articles\/forex\/042315\/beware-these-five-bitcoin-scams.asp)\n\n[![Bitcoin's Price History](https:\/\/www.investopedia.com\/thmb\/-nPokUe7wBt7gFZFVC89syy3qCo=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/Bitcoins-price-history-4240814-V1-4efc2ab43fa7431ca4d112f6bf24bb04.png) ![Bitcoin's Price History](https:\/\/www.investopedia.com\/thmb\/-nPokUe7wBt7gFZFVC89syy3qCo=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/Bitcoins-price-history-4240814-V1-4efc2ab43fa7431ca4d112f6bf24bb04.png) Essential Crypto Charts for Investors: How to Use 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[W](https:\/\/www.investopedia.com\/terms-beginning-with-w-4769373)\n- [X](https:\/\/www.investopedia.com\/terms-beginning-with-x-4769374)\n- [Y](https:\/\/www.investopedia.com\/terms-beginning-with-y-4769375)\n- [Z](https:\/\/www.investopedia.com\/terms-beginning-with-z-4769376)\n\nInvestopedia is part of the [People Inc.](https:\/\/www.people.inc\/) publishing family.\n\nNewsletter Sign Up\n\nNewsletter Sign Up","attrs_readable_markdown":"### Key Takeaways\n- Since its introduction, [Bitcoin](https:\/\/www.investopedia.com\/the-best-bitcoin-ira-companies-8781317) has had a choppy and volatile trading history.\n- Bitcoin was designed to be used as currency in daily transactions.\n- While Bitcoin is a cryptocurrency, investors have also used it to store value and hedge against inflation and market uncertainty.\n- Bitcoin's price is a product of supply, demand, and market sentiment.\n- Traders and investors can buy and sell Bitcoin through popular [crypto exchanges](https:\/\/www.investopedia.com\/best-crypto-exchanges-5071855).\n\nGet personalized, AI-powered answers built on 27+ years of trusted expertise.\n\nAmong all asset classes, [Bitcoin](https:\/\/www.investopedia.com\/the-best-bitcoin-ira-companies-8781317) has had one of the more volatile trading histories. The first significant price increase happened in October 2010, when a single Bitcoin's value began to move past its long flat price of less than \\$0.10.1\n\nBitcoin, which can be bought and sold on popular [crypto exchanges](https:\/\/www.investopedia.com\/best-crypto-exchanges-5071855), has experienced several massive rallies and spectacular crashes since it first became available. This article offers insight into Bitcoin's volatile history and some reasons why its price acts the way it does.\n\n## Bitcoin's Price History\nThe price changes for Bitcoin generally reflect investor enthusiasm, as well as the demand and supply dynamics in the market. Satoshi Nakamoto, the anonymous Bitcoin inventor(s), designed it for use in daily transactions, but it has become far more than a payment method.\n\nIt attracted traders who began to bet on its price changes. Investors turned to Bitcoin as a way to store value, generate wealth, and hedge against inflation, and institutions worked to create [Bitcoin investment instruments](https:\/\/www.investopedia.com\/investing\/bitcoin-etfs-explained\/).\n\nBitcoin's price fluctuations are primarily driven by traders and investors who buy and sell aggressively in hopes of catching the next big move. If you're thinking of investing in Bitcoin, be sure to select a reliable [cryptocurrency exchange](https:\/\/www.investopedia.com\/best-crypto-exchanges-5071855) first.\n\nHere's a quick rundown of Bitcoin's price history:\n\n### 2009 to 2015\nBitcoin's value was \\$0 when it was introduced in 2009. The price jumped from its long-held level of \\$0.10 to \\$0.15 on Oct. 26, 2010, and reached almost \\$0.30 before the end of the year. In 2011, it passed \\$1 and hit a peak of \\$30.05 on June 9, 2011. A sharp recession in cryptocurrency markets followed, and [Bitcoin's](https:\/\/www.investopedia.com\/terms\/b\/bitcoin.asp) price dropped, closing the year at about \\$4.\n\nAlthough Bitcoin's value increased by a few dollars, 2012 remained largely uneventful. But it saw strong gains in 2013. Bitcoin started trading at \\$13, crossed \\$100 by April, and \\$200 by October.\n\nThe remainder of the year witnessed historic gains for Bitcoin. It crossed \\$1,000 in December and closed the year at about \\$760.1\n\n### 2016 to 2020\nPrices slowly climbed through 2016 to over \\$900 by the end of the year. In 2017, Bitcoin hovered around \\$1,000 until it broke over \\$2,000 in mid-May and then skyrocketed to \\$19,118 on Dec. 18, 2017.\n\nMainstream investors, governments, economists, and scientists took notice, and other entities began developing cryptocurrencies to compete with Bitcoin.\n\nBitcoin's price moved sideways in 2018 and 2019, with small bursts of activity. For example, there was a resurgence in price and trading volume in July 2019, with the price hitting \\$12,000. However, it fell to a closing price of \\$7,294 by the end of December.\n\nIn 2020, the economy shut down due to the COVID-19 pandemic. Bitcoin's price burst into action once again. The [cryptocurrency](https:\/\/www.investopedia.com\/terms\/c\/cryptocurrency.asp) opened the year at \\$7,768. The pandemic shutdown and subsequent government policies fed investors' fears about the global economy and accelerated Bitcoin's rise.\n\nAt the close on Nov. 23, Bitcoin was trading for \\$18,383. Its price closed at \\$27,081 on Dec. 28, 2020, increasing 248.62% from the start of that year.1\n\n### 2021 to 2023\nBitcoin took less than a month in 2021 to break its 2020 price record, surpassing \\$45,000 by Feb. 8, 2021. By mid-April, prices hit new all-time highs of nearly \\$60,000. Institutional interest propelled its price further upward, and Bitcoin peaked at \\$59,890 on April 12, 2021.\n\nBy the summer of 2021, however, prices were down by 50%, closing at \\$30,838 on July 19. September saw another bull run, with BTC scraping \\$52,660, but a significant drawdown led it to close at \\$42,200 about two weeks later.1\n\nOn Nov. 8, 2021, Bitcoin reached another all-time high of \\$67,549. In mid-December 2021, the asset fell to a close of \\$46,709. The price started fluctuating more as uncertainty about inflation and the emergence of a new variant of COVID-19, Omicron, continued to spook investors.12\n\nBetween January and May 2022, Bitcoin's price continued to gradually decline, with closing prices only reaching \\$47,100 by the end of March before falling further to \\$29,101 on May 23. This was the first time since July 2021 that Bitcoin closed under \\$30,000.\n\nOn June 13, crypto prices plunged, dropping below \\$23,000 for the first time since December 2020. By the end of 2022, it was under \\$20,000.\n\nFortunes changed in 2023, as Bitcoin opened the year at \\$16,688. It rose consistently throughout 2023, ending the year at \\$43,599.1\n\n### Important\nOn Dec. 5, 2024, Bitcoin broke through \\$100,000 on nearly every exchange following news about the appointment of a crypto-friendly SEC Commissioner.13 It continuously breaks records following news releases, leading many to wonder what [Bitcoin will do next](https:\/\/www.investopedia.com\/bitcoin-breaks-usd100-000-what-s-next-update-crypto-8749779).\n## 2024 Price History\nIn January 2024, the long fight for [Bitcoin Spot ETFs](https:\/\/www.investopedia.com\/spot-bitcoin-etfs-8358373) came to a close after the SEC was forced by courts to review its denial of certain Bitcoin-related investment products.4 Some [brokerages](https:\/\/www.investopedia.com\/best-online-brokers-4587872) swarmed the market and increased their holdings, while others, like Grayscale's Bitcoin Trust (GBTC), experienced significant outflows at the onset.5\n\nThe outflows from certain funds slowed going into March, somewhat settling the market. The market-wide rebalancing was likely because there were suddenly more options for investors to choose from.\n\n### Early 2024\nBitcoin's price climbed quickly after the fund approvals—in late February and early March, it breached \\$60,000 again, setting a high of \\$72,125 on March 11 and another of \\$73,079 on March 13.1\n\n### Mid 2024\nOn April 19, 2024, Bitcoin had its fourth halving event, reducing the reward for a mined block from 6.25 BTC to 3.125 BTC. It recorded a modest gain that day and closed at \\$63,851.61\n\nOn Sept. 18, 2024, the U.S. [Federal Reserve](https:\/\/www.investopedia.com\/celebrating-the-federal-reserve-8402434) announced its first rate cut since the start of the COVID-19 pandemic, lowering the target federal funds rate to 4.75% to 5%.7\n\nPredictably, the market had a positive reaction, with gains across major indices. Bitcoin also continued its trend of \"mimicking\" the stock market and, on Sept. 19, 2024, traded around \\$63,000, sharply higher than its price of about \\$60,000 just two days prior.1\n\n### Late 2024\nOn Nov. 7, 2024, Bitcoin's price hit another all-time high of \\$75,902 following Donald Trump's re-election, a 9% increase from the closing price on Nov. 5. On Nov. 10, 2024, Bitcoin reached another milestone, crossing the \\$80,000 threshold.1\n\nOn Nov. 11, it continued pushing boundaries, and on Nov. 13, it made it past \\$90,000, closing at \\$90,574.1 Market exuberance was unfaltering in the following weeks, pushing Bitcoin to unbelievable highs of \\$99,817 on Oanda, \\$99,860 on Coinbase, and \\$99,852 on Gemini on Nov. 22, 2024, by midday.8910\n\nOn Dec. 8, 2024, Bitcoin broke through \\$100,000 and closed at \\$101,237.1\n\nThese significant increases are due to investor exuberance following Trump's many promises on the campaign trail, such as replacing Securities and Exchange Commission Chairman Gary Gensler, making America \"the crypto capital of the world,\" and creating a \"Strategic Bitcoin Reserve,\" among others.\n\n## 2025 Price History\nIn January 2025, Bitcoin experienced a somewhat lateral market, even after the announcement that [Microstrategy purchased \\$1.1 billion BTC](https:\/\/www.investopedia.com\/microstrategy-bought-another-usd1b-in-bitcoin-last-week-8777636) on January 21. That day, prices closed at \\$106,136.1\n\nOn May 22, 2025, Bitcoin set another record, closing at \\$111,679. However, on Aug. 13, 2025, Bitcoin hit another high of \\$123,339 before dropping below \\$118,000 two days later, following a disappointing Producer Price Index (PPI) report.111\n\nOn Oct. 6, 2025, Bitcoin hit another all-time high of over \\$126,198.07. However, the excitement surrounding that milestone was short-lived because five days later, it declined to just over \\$110,000.\n\nThe decline continued through October and November, reaching a low of \\$84,648 on Nov. 22. By Dec. 1, Bitcoin made a slight recovery, closing at \\$92,119.1\n\n## What Affects Bitcoin's Price?\n### Supply and Demand\nLike other currencies, products, or services within a country or economy, Bitcoin and other cryptocurrencies depend on perceived value, supply, and demand. If people believe that Bitcoin is worth a specific amount, they will buy it, especially if they think its value will increase.\n\nOnly 21 million Bitcoins will ever be created. The closer Bitcoin gets to its limit, the higher, theoretically, its price should be, assuming all other factors remain the same. This limit should keep increasing its value over time as new coins become more scarce, putting upward pressure on demand.12\n\nBitcoins are created by mining software and hardware at a specified rate. This rate splits in [half every four years](https:\/\/www.investopedia.com\/bitcoin-halving-4843769), slowing down the number of coins created. The last halving occurred on April 19, 2024. If events unfold as they've historically done, Bitcoin's price can rise again, but there's no guarantee that the market will react the same.13\n\nBitcoin's price should continue to rise as long as it continues to grow in popularity and its supply cannot meet demand. However, if popularity wanes and demand falls, there will be more supply than demand. Then, Bitcoin's price should drop unless it maintains its value for other reasons.\n\n### New Bitcoin Securities\nAnother factor that affects Bitcoin's price also relates to the supply and demand of related securities. Bitcoin became a financial instrument that investors and financial institutions use to store value and generate returns.\n\nAs a result, derivatives have been developed to broaden access to BTC for a wider range of investors. This also influences the demand for Bitcoins.\n\nSpeculation, investment product hype, [irrational exuberance](https:\/\/www.investopedia.com\/terms\/i\/irrationalexuberance.asp), and investor panic and fear can also be expected to affect Bitcoin's price because demand will rise and fall with investor sentiment.\n\nAs witnessed after the SEC approved Spot Bitcoin ETFs, regulatory activity causes market participants to take action. As new Bitcoin securities hit the market, Bitcoin's price will adjust due to the changes in supply and demand.\n\n### Bitcoin ETFs\nIn January 2024, the U.S. Securities and Exchange Commission authorized U.S. exchange-traded products to buy and hold Bitcoin directly on behalf of their investors.14\n\nBefore that, ETFs were only permitted to gain indirect exposure to bitcoin through futures contracts. In October 2024, the SEC approved options contracts on select spot Bitcoin ETFs. As of December 2025, there were 33 Bitcoin spot ETFs, with combined assets at about \\$124 billion.1516\n### Cryptocurrency Competition\n[Other cryptocurrencies](https:\/\/www.investopedia.com\/tech\/most-important-cryptocurrencies-other-than-bitcoin\/) may also affect Bitcoin's price. The utility of cryptocurrencies as a whole continues to grow as regulators, institutions, and merchants address concerns and adopt them as acceptable forms of payment and currency.\n\nLastly, if consumers and investors believe that other coins will prove to be more valuable than Bitcoin, demand will fall, taking prices with it. Or, demand will rise along with prices if sentiment and trading move in the bullish direction.\n\n## Is Bitcoin a Good Investment?\nBitcoin is a cryptocurrency designed as a payment method. Investors and traders also began using it as an investment, but its price is highly volatile. This creates a significant financial risk. It is best to talk to a professional financial advisor about your specific circumstances and goals before buying Bitcoin as an investment.\n\n## What Was Bitcoin's Best Price Ever?\nBitcoin reached an all-time high closing price of over \\$124,752 on Oct. 6, 2025.1\n\n## How Much Will 1 Bitcoin Be Worth in 2030?\nIt's difficult to predict what one BTC will be worth at any given moment because it is such a volatile asset. By 2030, one bitcoin could be worth millions or nothing, depending on what happens. The primary factors that play a role in bitcoin's price are supply, demand, competition, and regulation.\n## The Bottom Line\nSince its launch in 2009, Bitcoin has remained a popular and closely followed asset and continues to demonstrate highly volatile price action. If past and recent events and prices are any indication, we can expect the volatility to continue as long as there is demand for it as an investment asset.\n\n*The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our [warranty and liability disclaimer](https:\/\/www.investopedia.com\/legal-4768893#toc-warranty-and-liability-disclaimer) for more info. As of the date this article was written, the author does not own cryptocurrency.*","meta_canonical":null}

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URL	https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp
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Boilerpipe Text	Key Takeaways Since its introduction, Bitcoin has had a choppy and volatile trading history. Bitcoin was designed to be used as currency in daily transactions. While Bitcoin is a cryptocurrency, investors have also used it to store value and hedge against inflation and market uncertainty. Bitcoin's price is a product of supply, demand, and market sentiment. Traders and investors can buy and sell Bitcoin through popular crypto exchanges . Get personalized, AI-powered answers built on 27+ years of trusted expertise. Among all asset classes, Bitcoin has had one of the more volatile trading histories. The first significant price increase happened in October 2010, when a single Bitcoin's value began to move past its long flat price of less than $0.10. 1 Bitcoin, which can be bought and sold on popular crypto exchanges , has experienced several massive rallies and spectacular crashes since it first became available. This article offers insight into Bitcoin's volatile history and some reasons why its price acts the way it does. Bitcoin's Price History The price changes for Bitcoin generally reflect investor enthusiasm, as well as the demand and supply dynamics in the market. Satoshi Nakamoto, the anonymous Bitcoin inventor(s), designed it for use in daily transactions, but it has become far more than a payment method. It attracted traders who began to bet on its price changes. Investors turned to Bitcoin as a way to store value, generate wealth, and hedge against inflation, and institutions worked to create Bitcoin investment instruments . Bitcoin's price fluctuations are primarily driven by traders and investors who buy and sell aggressively in hopes of catching the next big move. If you're thinking of investing in Bitcoin, be sure to select a reliable cryptocurrency exchange first. Here's a quick rundown of Bitcoin's price history: 2009 to 2015 Bitcoin's value was $0 when it was introduced in 2009. The price jumped from its long-held level of $0.10 to $0.15 on Oct. 26, 2010, and reached almost $0.30 before the end of the year. In 2011, it passed $1 and hit a peak of $30.05 on June 9, 2011. A sharp recession in cryptocurrency markets followed, and Bitcoin's price dropped, closing the year at about $4. Although Bitcoin's value increased by a few dollars, 2012 remained largely uneventful. But it saw strong gains in 2013. Bitcoin started trading at $13, crossed $100 by April, and $200 by October. The remainder of the year witnessed historic gains for Bitcoin. It crossed $1,000 in December and closed the year at about $760. 1 2016 to 2020 Prices slowly climbed through 2016 to over $900 by the end of the year. In 2017, Bitcoin hovered around $1,000 until it broke over $2,000 in mid-May and then skyrocketed to $19,118 on Dec. 18, 2017. Mainstream investors, governments, economists, and scientists took notice, and other entities began developing cryptocurrencies to compete with Bitcoin. Bitcoin's price moved sideways in 2018 and 2019, with small bursts of activity. For example, there was a resurgence in price and trading volume in July 2019, with the price hitting $12,000. However, it fell to a closing price of $7,294 by the end of December. In 2020, the economy shut down due to the COVID-19 pandemic. Bitcoin's price burst into action once again. The cryptocurrency opened the year at $7,768. The pandemic shutdown and subsequent government policies fed investors' fears about the global economy and accelerated Bitcoin's rise. At the close on Nov. 23, Bitcoin was trading for $18,383. Its price closed at $27,081 on Dec. 28, 2020, increasing 248.62% from the start of that year. 1 2021 to 2023 Bitcoin took less than a month in 2021 to break its 2020 price record, surpassing $45,000 by Feb. 8, 2021. By mid-April, prices hit new all-time highs of nearly $60,000. Institutional interest propelled its price further upward, and Bitcoin peaked at $59,890 on April 12, 2021. By the summer of 2021, however, prices were down by 50%, closing at $30,838 on July 19. September saw another bull run, with BTC scraping $52,660, but a significant drawdown led it to close at $42,200 about two weeks later. 1 On Nov. 8, 2021, Bitcoin reached another all-time high of $67,549. In mid-December 2021, the asset fell to a close of $46,709. The price started fluctuating more as uncertainty about inflation and the emergence of a new variant of COVID-19, Omicron, continued to spook investors. 1 2 Between January and May 2022, Bitcoin's price continued to gradually decline, with closing prices only reaching $47,100 by the end of March before falling further to $29,101 on May 23. This was the first time since July 2021 that Bitcoin closed under $30,000. On June 13, crypto prices plunged, dropping below $23,000 for the first time since December 2020. By the end of 2022, it was under $20,000. Fortunes changed in 2023, as Bitcoin opened the year at $16,688. It rose consistently throughout 2023, ending the year at $43,599. 1 Important On Dec. 5, 2024, Bitcoin broke through $100,000 on nearly every exchange following news about the appointment of a crypto-friendly SEC Commissioner. 1 3 It continuously breaks records following news releases, leading many to wonder what Bitcoin will do next . 2024 Price History In January 2024, the long fight for Bitcoin Spot ETFs came to a close after the SEC was forced by courts to review its denial of certain Bitcoin-related investment products. 4 Some brokerages swarmed the market and increased their holdings, while others, like Grayscale's Bitcoin Trust (GBTC), experienced significant outflows at the onset. 5 The outflows from certain funds slowed going into March, somewhat settling the market. The market-wide rebalancing was likely because there were suddenly more options for investors to choose from. Early 2024 Bitcoin's price climbed quickly after the fund approvals—in late February and early March, it breached $60,000 again, setting a high of $72,125 on March 11 and another of $73,079 on March 13. 1 Mid 2024 On April 19, 2024, Bitcoin had its fourth halving event, reducing the reward for a mined block from 6.25 BTC to 3.125 BTC. It recorded a modest gain that day and closed at $63,851. 6 1 On Sept. 18, 2024, the U.S. Federal Reserve announced its first rate cut since the start of the COVID-19 pandemic, lowering the target federal funds rate to 4.75% to 5%. 7 Predictably, the market had a positive reaction, with gains across major indices. Bitcoin also continued its trend of "mimicking" the stock market and, on Sept. 19, 2024, traded around $63,000, sharply higher than its price of about $60,000 just two days prior. 1 Late 2024 On Nov. 7, 2024, Bitcoin's price hit another all-time high of $75,902 following Donald Trump's re-election, a 9% increase from the closing price on Nov. 5. On Nov. 10, 2024, Bitcoin reached another milestone, crossing the $80,000 threshold. 1 On Nov. 11, it continued pushing boundaries, and on Nov. 13, it made it past $90,000, closing at $90,574. 1 Market exuberance was unfaltering in the following weeks, pushing Bitcoin to unbelievable highs of $99,817 on Oanda, $99,860 on Coinbase, and $99,852 on Gemini on Nov. 22, 2024, by midday. 8 9 10 On Dec. 8, 2024, Bitcoin broke through $100,000 and closed at $101,237. 1 These significant increases are due to investor exuberance following Trump's many promises on the campaign trail, such as replacing Securities and Exchange Commission Chairman Gary Gensler, making America "the crypto capital of the world," and creating a "Strategic Bitcoin Reserve," among others. 2025 Price History In January 2025, Bitcoin experienced a somewhat lateral market, even after the announcement that Microstrategy purchased $1.1 billion BTC on January 21. That day, prices closed at $106,136. 1 On May 22, 2025, Bitcoin set another record, closing at $111,679. However, on Aug. 13, 2025, Bitcoin hit another high of $123,339 before dropping below $118,000 two days later, following a disappointing Producer Price Index (PPI) report. 1 11 On Oct. 6, 2025, Bitcoin hit another all-time high of over $126,198.07. However, the excitement surrounding that milestone was short-lived because five days later, it declined to just over $110,000. The decline continued through October and November, reaching a low of $84,648 on Nov. 22. By Dec. 1, Bitcoin made a slight recovery, closing at $92,119. 1 What Affects Bitcoin's Price? Supply and Demand Like other currencies, products, or services within a country or economy, Bitcoin and other cryptocurrencies depend on perceived value, supply, and demand. If people believe that Bitcoin is worth a specific amount, they will buy it, especially if they think its value will increase. Only 21 million Bitcoins will ever be created. The closer Bitcoin gets to its limit, the higher, theoretically, its price should be, assuming all other factors remain the same. This limit should keep increasing its value over time as new coins become more scarce, putting upward pressure on demand. 12 Bitcoins are created by mining software and hardware at a specified rate. This rate splits in half every four years , slowing down the number of coins created. The last halving occurred on April 19, 2024. If events unfold as they've historically done, Bitcoin's price can rise again, but there's no guarantee that the market will react the same. 13 Bitcoin's price should continue to rise as long as it continues to grow in popularity and its supply cannot meet demand. However, if popularity wanes and demand falls, there will be more supply than demand. Then, Bitcoin's price should drop unless it maintains its value for other reasons. New Bitcoin Securities Another factor that affects Bitcoin's price also relates to the supply and demand of related securities. Bitcoin became a financial instrument that investors and financial institutions use to store value and generate returns. As a result, derivatives have been developed to broaden access to BTC for a wider range of investors. This also influences the demand for Bitcoins. Speculation, investment product hype, irrational exuberance , and investor panic and fear can also be expected to affect Bitcoin's price because demand will rise and fall with investor sentiment. As witnessed after the SEC approved Spot Bitcoin ETFs, regulatory activity causes market participants to take action. As new Bitcoin securities hit the market, Bitcoin's price will adjust due to the changes in supply and demand. Bitcoin ETFs In January 2024, the U.S. Securities and Exchange Commission authorized U.S. exchange-traded products to buy and hold Bitcoin directly on behalf of their investors. 14 Before that, ETFs were only permitted to gain indirect exposure to bitcoin through futures contracts. In October 2024, the SEC approved options contracts on select spot Bitcoin ETFs. As of December 2025, there were 33 Bitcoin spot ETFs, with combined assets at about $124 billion. 15 16 Cryptocurrency Competition Other cryptocurrencies may also affect Bitcoin's price. The utility of cryptocurrencies as a whole continues to grow as regulators, institutions, and merchants address concerns and adopt them as acceptable forms of payment and currency. Lastly, if consumers and investors believe that other coins will prove to be more valuable than Bitcoin, demand will fall, taking prices with it. Or, demand will rise along with prices if sentiment and trading move in the bullish direction. Is Bitcoin a Good Investment? Bitcoin is a cryptocurrency designed as a payment method. Investors and traders also began using it as an investment, but its price is highly volatile. This creates a significant financial risk. It is best to talk to a professional financial advisor about your specific circumstances and goals before buying Bitcoin as an investment. What Was Bitcoin's Best Price Ever? Bitcoin reached an all-time high closing price of over $124,752 on Oct. 6, 2025. 1 How Much Will 1 Bitcoin Be Worth in 2030? It's difficult to predict what one BTC will be worth at any given moment because it is such a volatile asset. By 2030, one bitcoin could be worth millions or nothing, depending on what happens. The primary factors that play a role in bitcoin's price are supply, demand, competition, and regulation. The Bottom Line Since its launch in 2009, Bitcoin has remained a popular and closely followed asset and continues to demonstrate highly volatile price action. If past and recent events and prices are any indication, we can expect the volatility to continue as long as there is demand for it as an investment asset. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own cryptocurrency.
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[Why Iceland Ranks as the Safest Country for Retirees, According to the Global Peace Index](https://www.investopedia.com/why-iceland-ranks-as-the-safest-country-for-retirees-according-to-the-global-peace-index-11946750) Table of Contents Expand Table of Contents - [Bitcoin's Price History](https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp#toc-bitcoins-price-history) - [2024 Price History](https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp#toc-2024-price-history) - [2025 Price History](https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp#toc-2025-price-history) - [What Affects Bitcoin's Price?](https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp#toc-what-affects-bitcoins-price) - [FAQs](https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp#toc-is-bitcoin-a-good-investment) - [The Bottom Line](https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp#toc-the-bottom-line) # Bitcoin's Price History By [John Edwards](https://www.investopedia.com/contributors/53904/) [Full Bio](https://www.investopedia.com/contributors/53904/) John Edwards is a licensed attorney with experience in commodities and investments. He provides performance analysis of hedge funds and investors. Learn about our [editorial policies](https://www.investopedia.com/legal-4768893#editorial-policy) Updated December 03, 2025 Reviewed by [Julius Mansa](https://www.investopedia.com/julius-mansa-4799781) Fact checked by [Vikki Velasquez](https://www.investopedia.com/vikki-velasquez-5198872) ![Vikkie Velasquez]() ![Vikkie Velasquez](https://www.investopedia.com/thmb/qsiqwN4603qvBBcEmwBBFAZ7h-8=/200x200/filters:no_upscale:max_bytes$150000$:strip_icc/vikki-velasquez-investopedia-portrait-1-18b989d75f1f4d6d9b5b3a47cb3ffc5f.jpg) Fact checked by Vikki Velasquez [Full Bio](https://www.investopedia.com/vikki-velasquez-5198872) Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues and has also revised and edited educational materials for the Greater Richmond area. Learn about our [editorial policies](https://www.investopedia.com/legal-4768893#editorial-policy) ![A graph depicting the rise in Bitcoins price history over time with stacks of coins placed along the curve.](https://www.investopedia.com/thmb/DEN4Sumc88ddmTtUD-AX3SwzUb8=/1500x0/filters:no_upscale:max_bytes$150000$:strip_icc/Bitcoins-price-history-4240814-V1-4efc2ab43fa7431ca4d112f6bf24bb04.png) ![A graph depicting the rise in Bitcoins price history over time with stacks of coins placed along the curve.](https://www.investopedia.com/thmb/DEN4Sumc88ddmTtUD-AX3SwzUb8=/1500x0/filters:no_upscale:max_bytes$150000$:strip_icc/Bitcoins-price-history-4240814-V1-4efc2ab43fa7431ca4d112f6bf24bb04.png) Bitcoin's price has shot up significantly since it was launched, starting from nothing and reaching six figures at its high. Investopedia / Madelyn Goodnight Close ### Key Takeaways - Since its introduction, [Bitcoin](https://www.investopedia.com/the-best-bitcoin-ira-companies-8781317) has had a choppy and volatile trading history. - Bitcoin was designed to be used as currency in daily transactions. - While Bitcoin is a cryptocurrency, investors have also used it to store value and hedge against inflation and market uncertainty. - Bitcoin's price is a product of supply, demand, and market sentiment. - Traders and investors can buy and sell Bitcoin through popular [crypto exchanges](https://www.investopedia.com/best-crypto-exchanges-5071855). Get personalized, AI-powered answers built on 27+ years of trusted expertise. ASK Among all asset classes, [Bitcoin](https://www.investopedia.com/the-best-bitcoin-ira-companies-8781317) has had one of the more volatile trading histories. The first significant price increase happened in October 2010, when a single Bitcoin's value began to move past its long flat price of less than \$0.10.1 Bitcoin, which can be bought and sold on popular [crypto exchanges](https://www.investopedia.com/best-crypto-exchanges-5071855), has experienced several massive rallies and spectacular crashes since it first became available. This article offers insight into Bitcoin's volatile history and some reasons why its price acts the way it does. ## Related Stories [Best Crypto Exchanges and Apps for April 2026 ![Image of assorted crypto currencies trending higher.](https://www.investopedia.com/thmb/gsnOke5IcMddGJYmzl_zM7vW8VQ=/300x200/filters:no_upscale:max_bytes$150000$:strip_icc/BestCryptoExchangesandApps-final-bc4126c95d7f45f2b285760e37625ec4.png) ![Image of assorted crypto currencies trending higher.](https://www.investopedia.com/thmb/gsnOke5IcMddGJYmzl_zM7vW8VQ=/300x200/filters:no_upscale:max_bytes$150000$:strip_icc/BestCryptoExchangesandApps-final-bc4126c95d7f45f2b285760e37625ec4.png)](https://www.investopedia.com/best-crypto-exchanges-5071855) [The Best Bitcoin Wallets for April 2026 ![The Best Bitcoin Wallets](https://www.investopedia.com/thmb/eYsX1i4z_S6-vkNBKTT-mlc2nsU=/300x200/filters:no_upscale:max_bytes$150000$:strip_icc/FPM-best-bitcoin-wallets-5070283-FINAL-1-e434e324e2f04041a93676eda7481dc8.png) ![The Best Bitcoin Wallets](https://www.investopedia.com/thmb/eYsX1i4z_S6-vkNBKTT-mlc2nsU=/300x200/filters:no_upscale:max_bytes$150000$:strip_icc/FPM-best-bitcoin-wallets-5070283-FINAL-1-e434e324e2f04041a93676eda7481dc8.png)](https://www.investopedia.com/the-best-bitcoin-wallets-11688646) ## Bitcoin's Price History The price changes for Bitcoin generally reflect investor enthusiasm, as well as the demand and supply dynamics in the market. Satoshi Nakamoto, the anonymous Bitcoin inventor(s), designed it for use in daily transactions, but it has become far more than a payment method. Take the Next Step to Invest Advertiser Disclosure × The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. It attracted traders who began to bet on its price changes. Investors turned to Bitcoin as a way to store value, generate wealth, and hedge against inflation, and institutions worked to create [Bitcoin investment instruments](https://www.investopedia.com/investing/bitcoin-etfs-explained/). Bitcoin's price fluctuations are primarily driven by traders and investors who buy and sell aggressively in hopes of catching the next big move. If you're thinking of investing in Bitcoin, be sure to select a reliable [cryptocurrency exchange](https://www.investopedia.com/best-crypto-exchanges-5071855) first. Here's a quick rundown of Bitcoin's price history: ### 2009 to 2015 Bitcoin's value was \$0 when it was introduced in 2009. The price jumped from its long-held level of \$0.10 to \$0.15 on Oct. 26, 2010, and reached almost \$0.30 before the end of the year. In 2011, it passed \$1 and hit a peak of \$30.05 on June 9, 2011. A sharp recession in cryptocurrency markets followed, and [Bitcoin's](https://www.investopedia.com/terms/b/bitcoin.asp) price dropped, closing the year at about \$4. Although Bitcoin's value increased by a few dollars, 2012 remained largely uneventful. But it saw strong gains in 2013. Bitcoin started trading at \$13, crossed \$100 by April, and \$200 by October. The remainder of the year witnessed historic gains for Bitcoin. It crossed \$1,000 in December and closed the year at about \$760.1 ### 2016 to 2020 Prices slowly climbed through 2016 to over \$900 by the end of the year. In 2017, Bitcoin hovered around \$1,000 until it broke over \$2,000 in mid-May and then skyrocketed to \$19,118 on Dec. 18, 2017. Mainstream investors, governments, economists, and scientists took notice, and other entities began developing cryptocurrencies to compete with Bitcoin. Bitcoin's price moved sideways in 2018 and 2019, with small bursts of activity. For example, there was a resurgence in price and trading volume in July 2019, with the price hitting \$12,000. However, it fell to a closing price of \$7,294 by the end of December. In 2020, the economy shut down due to the COVID-19 pandemic. Bitcoin's price burst into action once again. The [cryptocurrency](https://www.investopedia.com/terms/c/cryptocurrency.asp) opened the year at \$7,768. The pandemic shutdown and subsequent government policies fed investors' fears about the global economy and accelerated Bitcoin's rise. At the close on Nov. 23, Bitcoin was trading for \$18,383. Its price closed at \$27,081 on Dec. 28, 2020, increasing 248.62% from the start of that year.1 ### 2021 to 2023 Bitcoin took less than a month in 2021 to break its 2020 price record, surpassing \$45,000 by Feb. 8, 2021. By mid-April, prices hit new all-time highs of nearly \$60,000. Institutional interest propelled its price further upward, and Bitcoin peaked at \$59,890 on April 12, 2021. By the summer of 2021, however, prices were down by 50%, closing at \$30,838 on July 19. September saw another bull run, with BTC scraping \$52,660, but a significant drawdown led it to close at \$42,200 about two weeks later.1 On Nov. 8, 2021, Bitcoin reached another all-time high of \$67,549. In mid-December 2021, the asset fell to a close of \$46,709. The price started fluctuating more as uncertainty about inflation and the emergence of a new variant of COVID-19, Omicron, continued to spook investors.12 Between January and May 2022, Bitcoin's price continued to gradually decline, with closing prices only reaching \$47,100 by the end of March before falling further to \$29,101 on May 23. This was the first time since July 2021 that Bitcoin closed under \$30,000. On June 13, crypto prices plunged, dropping below \$23,000 for the first time since December 2020. By the end of 2022, it was under \$20,000. Fortunes changed in 2023, as Bitcoin opened the year at \$16,688. It rose consistently throughout 2023, ending the year at \$43,599.1 ### Important On Dec. 5, 2024, Bitcoin broke through \$100,000 on nearly every exchange following news about the appointment of a crypto-friendly SEC Commissioner.13 It continuously breaks records following news releases, leading many to wonder what [Bitcoin will do next](https://www.investopedia.com/bitcoin-breaks-usd100-000-what-s-next-update-crypto-8749779). ## 2024 Price History In January 2024, the long fight for [Bitcoin Spot ETFs](https://www.investopedia.com/spot-bitcoin-etfs-8358373) came to a close after the SEC was forced by courts to review its denial of certain Bitcoin-related investment products.4 Some [brokerages](https://www.investopedia.com/best-online-brokers-4587872) swarmed the market and increased their holdings, while others, like Grayscale's Bitcoin Trust (GBTC), experienced significant outflows at the onset.5 The outflows from certain funds slowed going into March, somewhat settling the market. The market-wide rebalancing was likely because there were suddenly more options for investors to choose from. ### Early 2024 Bitcoin's price climbed quickly after the fund approvals—in late February and early March, it breached \$60,000 again, setting a high of \$72,125 on March 11 and another of \$73,079 on March 13.1 ### Mid 2024 On April 19, 2024, Bitcoin had its fourth halving event, reducing the reward for a mined block from 6.25 BTC to 3.125 BTC. It recorded a modest gain that day and closed at \$63,851.61 On Sept. 18, 2024, the U.S. [Federal Reserve](https://www.investopedia.com/celebrating-the-federal-reserve-8402434) announced its first rate cut since the start of the COVID-19 pandemic, lowering the target federal funds rate to 4.75% to 5%.7 Predictably, the market had a positive reaction, with gains across major indices. Bitcoin also continued its trend of "mimicking" the stock market and, on Sept. 19, 2024, traded around \$63,000, sharply higher than its price of about \$60,000 just two days prior.1 ### Late 2024 On Nov. 7, 2024, Bitcoin's price hit another all-time high of \$75,902 following Donald Trump's re-election, a 9% increase from the closing price on Nov. 5. On Nov. 10, 2024, Bitcoin reached another milestone, crossing the \$80,000 threshold.1 On Nov. 11, it continued pushing boundaries, and on Nov. 13, it made it past \$90,000, closing at \$90,574.1 Market exuberance was unfaltering in the following weeks, pushing Bitcoin to unbelievable highs of \$99,817 on Oanda, \$99,860 on Coinbase, and \$99,852 on Gemini on Nov. 22, 2024, by midday.8910 On Dec. 8, 2024, Bitcoin broke through \$100,000 and closed at \$101,237.1 These significant increases are due to investor exuberance following Trump's many promises on the campaign trail, such as replacing Securities and Exchange Commission Chairman Gary Gensler, making America "the crypto capital of the world," and creating a "Strategic Bitcoin Reserve," among others. ## 2025 Price History In January 2025, Bitcoin experienced a somewhat lateral market, even after the announcement that [Microstrategy purchased \$1.1 billion BTC](https://www.investopedia.com/microstrategy-bought-another-usd1b-in-bitcoin-last-week-8777636) on January 21. That day, prices closed at \$106,136.1 On May 22, 2025, Bitcoin set another record, closing at \$111,679. However, on Aug. 13, 2025, Bitcoin hit another high of \$123,339 before dropping below \$118,000 two days later, following a disappointing Producer Price Index (PPI) report.111 On Oct. 6, 2025, Bitcoin hit another all-time high of over \$126,198.07. However, the excitement surrounding that milestone was short-lived because five days later, it declined to just over \$110,000. The decline continued through October and November, reaching a low of \$84,648 on Nov. 22. By Dec. 1, Bitcoin made a slight recovery, closing at \$92,119.1 ## What Affects Bitcoin's Price? ### Supply and Demand Like other currencies, products, or services within a country or economy, Bitcoin and other cryptocurrencies depend on perceived value, supply, and demand. If people believe that Bitcoin is worth a specific amount, they will buy it, especially if they think its value will increase. Only 21 million Bitcoins will ever be created. The closer Bitcoin gets to its limit, the higher, theoretically, its price should be, assuming all other factors remain the same. This limit should keep increasing its value over time as new coins become more scarce, putting upward pressure on demand.12 Bitcoins are created by mining software and hardware at a specified rate. This rate splits in [half every four years](https://www.investopedia.com/bitcoin-halving-4843769), slowing down the number of coins created. The last halving occurred on April 19, 2024. If events unfold as they've historically done, Bitcoin's price can rise again, but there's no guarantee that the market will react the same.13 Bitcoin's price should continue to rise as long as it continues to grow in popularity and its supply cannot meet demand. However, if popularity wanes and demand falls, there will be more supply than demand. Then, Bitcoin's price should drop unless it maintains its value for other reasons. ### New Bitcoin Securities Another factor that affects Bitcoin's price also relates to the supply and demand of related securities. Bitcoin became a financial instrument that investors and financial institutions use to store value and generate returns. As a result, derivatives have been developed to broaden access to BTC for a wider range of investors. This also influences the demand for Bitcoins. Speculation, investment product hype, [irrational exuberance](https://www.investopedia.com/terms/i/irrationalexuberance.asp), and investor panic and fear can also be expected to affect Bitcoin's price because demand will rise and fall with investor sentiment. As witnessed after the SEC approved Spot Bitcoin ETFs, regulatory activity causes market participants to take action. As new Bitcoin securities hit the market, Bitcoin's price will adjust due to the changes in supply and demand. ### Bitcoin ETFs In January 2024, the U.S. Securities and Exchange Commission authorized U.S. exchange-traded products to buy and hold Bitcoin directly on behalf of their investors.14 Before that, ETFs were only permitted to gain indirect exposure to bitcoin through futures contracts. In October 2024, the SEC approved options contracts on select spot Bitcoin ETFs. As of December 2025, there were 33 Bitcoin spot ETFs, with combined assets at about \$124 billion.1516 ### Cryptocurrency Competition [Other cryptocurrencies](https://www.investopedia.com/tech/most-important-cryptocurrencies-other-than-bitcoin/) may also affect Bitcoin's price. The utility of cryptocurrencies as a whole continues to grow as regulators, institutions, and merchants address concerns and adopt them as acceptable forms of payment and currency. Lastly, if consumers and investors believe that other coins will prove to be more valuable than Bitcoin, demand will fall, taking prices with it. Or, demand will rise along with prices if sentiment and trading move in the bullish direction. ## Is Bitcoin a Good Investment? Bitcoin is a cryptocurrency designed as a payment method. Investors and traders also began using it as an investment, but its price is highly volatile. This creates a significant financial risk. It is best to talk to a professional financial advisor about your specific circumstances and goals before buying Bitcoin as an investment. ## What Was Bitcoin's Best Price Ever? Bitcoin reached an all-time high closing price of over \$124,752 on Oct. 6, 2025.1 ## How Much Will 1 Bitcoin Be Worth in 2030? It's difficult to predict what one BTC will be worth at any given moment because it is such a volatile asset. By 2030, one bitcoin could be worth millions or nothing, depending on what happens. The primary factors that play a role in bitcoin's price are supply, demand, competition, and regulation. ## The Bottom Line Since its launch in 2009, Bitcoin has remained a popular and closely followed asset and continues to demonstrate highly volatile price action. If past and recent events and prices are any indication, we can expect the volatility to continue as long as there is demand for it as an investment asset. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our [warranty and liability disclaimer](https://www.investopedia.com/legal-4768893#toc-warranty-and-liability-disclaimer) for more info. As of the date this article was written, the author does not own cryptocurrency. Get personalized, AI-powered answers built on 27+ years of trusted expertise. ASK Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our [editorial policy.](https://www.investopedia.com/legal-4768893#EditorialPolicy) 1. CoinMarketCap. "[Bitcoin (BTC)](https://coinmarketcap.com/currencies/bitcoin/)." 2. Centers for Disease Control and Prevention. "[First Confirmed Case of Omicron Variant Detected in the United States: Media Statement for Immediate Release: Wednesday, December 1, 2021](https://stacks.cdc.gov/view/cdc/112178)." 3. The New York Times. "[Trump Picks Paul Atkins to Run the S.E.C](https://www.nytimes.com/2024/12/04/business/trump-sec-paul-atkins.html)." 4. U.S. Congress. "[SEC Approves Bitcoin Exchange-Traded Products (ETPs)](https://www.congress.gov/crs-product/IF12573)." 5. Cryptonews. "[Grayscale Faces \$21 Billion Exodus as Spot Bitcoin ETFs Flourish](https://cryptonews.com/news/grayscale-bitcoin-etf-records-21-billion-outflows-since-january-data/)." 6. Crypto.com. "[BitcoinHalving Was Completed on Apr. 20 2024](https://crypto.com/en/bitcoin/halving-countdown)." 7. Board of Governors of the Federal Reserve System. "[Open Market Operations](https://www.federalreserve.gov/monetarypolicy/openmarket.htm)." 8. TradingView. "[BTCUSD Oanda](https://www.tradingview.com/symbols/BTCUSD/?exchange=OANDA)." Select "See on Supercharts." 9. TradingView. "[BTCUSD Coinbase](https://www.tradingview.com/symbols/BTCUSD/?exchange=COINBASE)." Select "See on Supercharts." 10. Tradingview. "[BTCUSD Gemini](https://www.tradingview.com/symbols/BTCUSD/?exchange=GEMINI)." Select "See on Supercharts." 11. U.S. Bureau of Labor Statistics. "[Producer Price Indexes - August 2025](https://www.bls.gov/news.release/archives/ppi_09102025.htm)." 12. Bitcoin Project. "[Frequently Asked Questions: Economy](https://bitcoin.org/en/faq)." 13. Bitbo. "[Bitcoin Halving Dates - History & Future](https://charts.bitbo.io/halving-dates/)." 14. U.S. Securities and Exchange Commission. "[Release No. 34-100224](https://www.sec.gov/files/rules/sro/nysearca/2024/34-100224.pdf)." 15. Reuters. "[U.S. SEC Gives Green Light for Options Listing for Three Spot Bitcoin ETFs to NYSE](https://www.reuters.com/markets/us/us-sec-gives-green-light-options-listing-spot-bitcoin-etfs-nyse-2024-10-18/)." 16. ETF.com. "[Spot Bitcoin ETFs](https://www.etf.com/topics/spot-bitcoin)." Compare Accounts Advertiser Disclosure × The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. 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Readable Markdown	### Key Takeaways - Since its introduction, [Bitcoin](https://www.investopedia.com/the-best-bitcoin-ira-companies-8781317) has had a choppy and volatile trading history. - Bitcoin was designed to be used as currency in daily transactions. - While Bitcoin is a cryptocurrency, investors have also used it to store value and hedge against inflation and market uncertainty. - Bitcoin's price is a product of supply, demand, and market sentiment. - Traders and investors can buy and sell Bitcoin through popular [crypto exchanges](https://www.investopedia.com/best-crypto-exchanges-5071855). Get personalized, AI-powered answers built on 27+ years of trusted expertise. Among all asset classes, [Bitcoin](https://www.investopedia.com/the-best-bitcoin-ira-companies-8781317) has had one of the more volatile trading histories. The first significant price increase happened in October 2010, when a single Bitcoin's value began to move past its long flat price of less than \$0.10.1 Bitcoin, which can be bought and sold on popular [crypto exchanges](https://www.investopedia.com/best-crypto-exchanges-5071855), has experienced several massive rallies and spectacular crashes since it first became available. This article offers insight into Bitcoin's volatile history and some reasons why its price acts the way it does. ## Bitcoin's Price History The price changes for Bitcoin generally reflect investor enthusiasm, as well as the demand and supply dynamics in the market. Satoshi Nakamoto, the anonymous Bitcoin inventor(s), designed it for use in daily transactions, but it has become far more than a payment method. It attracted traders who began to bet on its price changes. Investors turned to Bitcoin as a way to store value, generate wealth, and hedge against inflation, and institutions worked to create [Bitcoin investment instruments](https://www.investopedia.com/investing/bitcoin-etfs-explained/). Bitcoin's price fluctuations are primarily driven by traders and investors who buy and sell aggressively in hopes of catching the next big move. If you're thinking of investing in Bitcoin, be sure to select a reliable [cryptocurrency exchange](https://www.investopedia.com/best-crypto-exchanges-5071855) first. Here's a quick rundown of Bitcoin's price history: ### 2009 to 2015 Bitcoin's value was \$0 when it was introduced in 2009. The price jumped from its long-held level of \$0.10 to \$0.15 on Oct. 26, 2010, and reached almost \$0.30 before the end of the year. In 2011, it passed \$1 and hit a peak of \$30.05 on June 9, 2011. A sharp recession in cryptocurrency markets followed, and [Bitcoin's](https://www.investopedia.com/terms/b/bitcoin.asp) price dropped, closing the year at about \$4. Although Bitcoin's value increased by a few dollars, 2012 remained largely uneventful. But it saw strong gains in 2013. Bitcoin started trading at \$13, crossed \$100 by April, and \$200 by October. The remainder of the year witnessed historic gains for Bitcoin. It crossed \$1,000 in December and closed the year at about \$760.1 ### 2016 to 2020 Prices slowly climbed through 2016 to over \$900 by the end of the year. In 2017, Bitcoin hovered around \$1,000 until it broke over \$2,000 in mid-May and then skyrocketed to \$19,118 on Dec. 18, 2017. Mainstream investors, governments, economists, and scientists took notice, and other entities began developing cryptocurrencies to compete with Bitcoin. Bitcoin's price moved sideways in 2018 and 2019, with small bursts of activity. For example, there was a resurgence in price and trading volume in July 2019, with the price hitting \$12,000. However, it fell to a closing price of \$7,294 by the end of December. In 2020, the economy shut down due to the COVID-19 pandemic. Bitcoin's price burst into action once again. The [cryptocurrency](https://www.investopedia.com/terms/c/cryptocurrency.asp) opened the year at \$7,768. The pandemic shutdown and subsequent government policies fed investors' fears about the global economy and accelerated Bitcoin's rise. At the close on Nov. 23, Bitcoin was trading for \$18,383. Its price closed at \$27,081 on Dec. 28, 2020, increasing 248.62% from the start of that year.1 ### 2021 to 2023 Bitcoin took less than a month in 2021 to break its 2020 price record, surpassing \$45,000 by Feb. 8, 2021. By mid-April, prices hit new all-time highs of nearly \$60,000. Institutional interest propelled its price further upward, and Bitcoin peaked at \$59,890 on April 12, 2021. By the summer of 2021, however, prices were down by 50%, closing at \$30,838 on July 19. September saw another bull run, with BTC scraping \$52,660, but a significant drawdown led it to close at \$42,200 about two weeks later.1 On Nov. 8, 2021, Bitcoin reached another all-time high of \$67,549. In mid-December 2021, the asset fell to a close of \$46,709. The price started fluctuating more as uncertainty about inflation and the emergence of a new variant of COVID-19, Omicron, continued to spook investors.12 Between January and May 2022, Bitcoin's price continued to gradually decline, with closing prices only reaching \$47,100 by the end of March before falling further to \$29,101 on May 23. This was the first time since July 2021 that Bitcoin closed under \$30,000. On June 13, crypto prices plunged, dropping below \$23,000 for the first time since December 2020. By the end of 2022, it was under \$20,000. Fortunes changed in 2023, as Bitcoin opened the year at \$16,688. It rose consistently throughout 2023, ending the year at \$43,599.1 ### Important On Dec. 5, 2024, Bitcoin broke through \$100,000 on nearly every exchange following news about the appointment of a crypto-friendly SEC Commissioner.13 It continuously breaks records following news releases, leading many to wonder what [Bitcoin will do next](https://www.investopedia.com/bitcoin-breaks-usd100-000-what-s-next-update-crypto-8749779). ## 2024 Price History In January 2024, the long fight for [Bitcoin Spot ETFs](https://www.investopedia.com/spot-bitcoin-etfs-8358373) came to a close after the SEC was forced by courts to review its denial of certain Bitcoin-related investment products.4 Some [brokerages](https://www.investopedia.com/best-online-brokers-4587872) swarmed the market and increased their holdings, while others, like Grayscale's Bitcoin Trust (GBTC), experienced significant outflows at the onset.5 The outflows from certain funds slowed going into March, somewhat settling the market. The market-wide rebalancing was likely because there were suddenly more options for investors to choose from. ### Early 2024 Bitcoin's price climbed quickly after the fund approvals—in late February and early March, it breached \$60,000 again, setting a high of \$72,125 on March 11 and another of \$73,079 on March 13.1 ### Mid 2024 On April 19, 2024, Bitcoin had its fourth halving event, reducing the reward for a mined block from 6.25 BTC to 3.125 BTC. It recorded a modest gain that day and closed at \$63,851.61 On Sept. 18, 2024, the U.S. [Federal Reserve](https://www.investopedia.com/celebrating-the-federal-reserve-8402434) announced its first rate cut since the start of the COVID-19 pandemic, lowering the target federal funds rate to 4.75% to 5%.7 Predictably, the market had a positive reaction, with gains across major indices. Bitcoin also continued its trend of "mimicking" the stock market and, on Sept. 19, 2024, traded around \$63,000, sharply higher than its price of about \$60,000 just two days prior.1 ### Late 2024 On Nov. 7, 2024, Bitcoin's price hit another all-time high of \$75,902 following Donald Trump's re-election, a 9% increase from the closing price on Nov. 5. On Nov. 10, 2024, Bitcoin reached another milestone, crossing the \$80,000 threshold.1 On Nov. 11, it continued pushing boundaries, and on Nov. 13, it made it past \$90,000, closing at \$90,574.1 Market exuberance was unfaltering in the following weeks, pushing Bitcoin to unbelievable highs of \$99,817 on Oanda, \$99,860 on Coinbase, and \$99,852 on Gemini on Nov. 22, 2024, by midday.8910 On Dec. 8, 2024, Bitcoin broke through \$100,000 and closed at \$101,237.1 These significant increases are due to investor exuberance following Trump's many promises on the campaign trail, such as replacing Securities and Exchange Commission Chairman Gary Gensler, making America "the crypto capital of the world," and creating a "Strategic Bitcoin Reserve," among others. ## 2025 Price History In January 2025, Bitcoin experienced a somewhat lateral market, even after the announcement that [Microstrategy purchased \$1.1 billion BTC](https://www.investopedia.com/microstrategy-bought-another-usd1b-in-bitcoin-last-week-8777636) on January 21. That day, prices closed at \$106,136.1 On May 22, 2025, Bitcoin set another record, closing at \$111,679. However, on Aug. 13, 2025, Bitcoin hit another high of \$123,339 before dropping below \$118,000 two days later, following a disappointing Producer Price Index (PPI) report.111 On Oct. 6, 2025, Bitcoin hit another all-time high of over \$126,198.07. However, the excitement surrounding that milestone was short-lived because five days later, it declined to just over \$110,000. The decline continued through October and November, reaching a low of \$84,648 on Nov. 22. By Dec. 1, Bitcoin made a slight recovery, closing at \$92,119.1 ## What Affects Bitcoin's Price? ### Supply and Demand Like other currencies, products, or services within a country or economy, Bitcoin and other cryptocurrencies depend on perceived value, supply, and demand. If people believe that Bitcoin is worth a specific amount, they will buy it, especially if they think its value will increase. Only 21 million Bitcoins will ever be created. The closer Bitcoin gets to its limit, the higher, theoretically, its price should be, assuming all other factors remain the same. This limit should keep increasing its value over time as new coins become more scarce, putting upward pressure on demand.12 Bitcoins are created by mining software and hardware at a specified rate. This rate splits in [half every four years](https://www.investopedia.com/bitcoin-halving-4843769), slowing down the number of coins created. The last halving occurred on April 19, 2024. If events unfold as they've historically done, Bitcoin's price can rise again, but there's no guarantee that the market will react the same.13 Bitcoin's price should continue to rise as long as it continues to grow in popularity and its supply cannot meet demand. However, if popularity wanes and demand falls, there will be more supply than demand. Then, Bitcoin's price should drop unless it maintains its value for other reasons. ### New Bitcoin Securities Another factor that affects Bitcoin's price also relates to the supply and demand of related securities. Bitcoin became a financial instrument that investors and financial institutions use to store value and generate returns. As a result, derivatives have been developed to broaden access to BTC for a wider range of investors. This also influences the demand for Bitcoins. Speculation, investment product hype, [irrational exuberance](https://www.investopedia.com/terms/i/irrationalexuberance.asp), and investor panic and fear can also be expected to affect Bitcoin's price because demand will rise and fall with investor sentiment. As witnessed after the SEC approved Spot Bitcoin ETFs, regulatory activity causes market participants to take action. As new Bitcoin securities hit the market, Bitcoin's price will adjust due to the changes in supply and demand. ### Bitcoin ETFs In January 2024, the U.S. Securities and Exchange Commission authorized U.S. exchange-traded products to buy and hold Bitcoin directly on behalf of their investors.14 Before that, ETFs were only permitted to gain indirect exposure to bitcoin through futures contracts. In October 2024, the SEC approved options contracts on select spot Bitcoin ETFs. As of December 2025, there were 33 Bitcoin spot ETFs, with combined assets at about \$124 billion.1516 ### Cryptocurrency Competition [Other cryptocurrencies](https://www.investopedia.com/tech/most-important-cryptocurrencies-other-than-bitcoin/) may also affect Bitcoin's price. The utility of cryptocurrencies as a whole continues to grow as regulators, institutions, and merchants address concerns and adopt them as acceptable forms of payment and currency. Lastly, if consumers and investors believe that other coins will prove to be more valuable than Bitcoin, demand will fall, taking prices with it. Or, demand will rise along with prices if sentiment and trading move in the bullish direction. ## Is Bitcoin a Good Investment? Bitcoin is a cryptocurrency designed as a payment method. Investors and traders also began using it as an investment, but its price is highly volatile. This creates a significant financial risk. It is best to talk to a professional financial advisor about your specific circumstances and goals before buying Bitcoin as an investment. ## What Was Bitcoin's Best Price Ever? Bitcoin reached an all-time high closing price of over \$124,752 on Oct. 6, 2025.1 ## How Much Will 1 Bitcoin Be Worth in 2030? It's difficult to predict what one BTC will be worth at any given moment because it is such a volatile asset. By 2030, one bitcoin could be worth millions or nothing, depending on what happens. The primary factors that play a role in bitcoin's price are supply, demand, competition, and regulation. ## The Bottom Line Since its launch in 2009, Bitcoin has remained a popular and closely followed asset and continues to demonstrate highly volatile price action. If past and recent events and prices are any indication, we can expect the volatility to continue as long as there is demand for it as an investment asset. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our [warranty and liability disclaimer](https://www.investopedia.com/legal-4768893#toc-warranty-and-liability-disclaimer) for more info. As of the date this article was written, the author does not own cryptocurrency.
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