{"id":365764,"date":"2018-12-17T17:01:20","date_gmt":"2018-12-17T17:01:20","guid":{"rendered":"https:\/\/wncen.com\/?p=365764"},"modified":"2024-06-11T07:45:40","modified_gmt":"2024-06-11T07:45:40","slug":"bitcoin-price-time-high","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-time-high\/","title":{"rendered":"One Year Ago Today: Bitcoin Reaches All-Time High"},"content":{"rendered":"
Last year on this day, Bitcoin<\/a> reached its all-time high price of $20,000 \u2013 before its parabolic advance was broken, sending the original cryptocurrency into a bear market.<\/span><\/p>\n As Bitcoin reaches new one-year lows, the first ever cryptocurrency’s previous all-time high is starting to feel like a distant memory.<\/span><\/p>\n Since its creation, investing in Bitcoin has been one long rollercoaster ride that typically results in significant gains for those that can hold the original cryptocurrency designed by Satoshi Nakamoto for long enough.<\/span><\/p>\n After the Mt. Gox hack and subsequent insolvency<\/a>, Bitcoin was stuck in an arduous, two-year-long bear market that left many investors and traders scorn. Worse yet, many believed that the cryptocurrency was doomed forever<\/a> and would be known as nothing more than a failed technology experiment that never quite lived up to its potential.<\/span><\/p>\n However, in early 2017 things started to change. In February, BTC’s price surpassed its previous all-time high of $1,149 (according to CoinMarketCap data), and started a steady climb upwards and showed no signs of slowing down.<\/span><\/p>\n Related Reading | Novogratz: Bitcoin to Revisit All-Time High in 2019<\/span><\/a><\/span><\/strong><\/em><\/p>\n Throughout the year, Bitcoin rebounded strongly from a number of corrective crashes, but continued its ascent in price steadily. It wasn\u2019t until October when Bitcoin first broke $5,000 when the mainstream media<\/a> began buzzing about the previously unheard of financial technology. Stories began to circulate of investors that struck it rich by buying new asset<\/a> at far lower prices, which sparked a wave of greed across the globe.<\/span><\/p>\n Within a month, Bitcoin had nearly doubled in value, and was the talk of many family dinner tables\u00a0during Thanksgiving<\/span><\/a>. Following the holiday, the cryptocurrency\u2019s price went fully parabolic, smashing through $10,000. Not even three weeks later, as hype over Bitcoin Futures took hold over the market, BTC doubled in value yet again, reaching its all-time high price of $20,000 on December 17, 2017.<\/span><\/p>\nDecember 17, 2017: Bitcoin Reaches All-Time High<\/span><\/h2>\n
December 17, 2018: One Year Later<\/span><\/h2>\n