At what price will Bitcoin stop crashing?
How expensive was a Bitcoin in the beginning? - Bitcoin rate from 2008 through 2010, 2015, 2017 to today
Düsseldorf The Bitcoin record hunt is highly volatile. If the world's most important cyber currency only hit a record of $ 64,895.22 per Bitcoin on April 14, 2021, the price quickly collapses again depending on the news situation. Analysts are currently assuming that the price will rise over the course of the year. However, the Bitcoin rate is very dynamic. Investing is considered risky by investors.
It all started in 2008 when a person or group published a white paper under the Japanese name "Satoshi Nakamoto". The idea: There should be a decentrally administered currency, free of access by states and banks.
"What is needed is an electronic payment system that is based on cryptographic evidence instead of trust and that allows two parties to trade directly with one another without an intermediary they trust," the stranger named Nakamoto wrote at the time. It is still doubtful whether the inventor is really Japanese.
Programmers and other enthusiasts took up the vision, and in 2009 the idea became a reality. The first trading center where digital coins could be traded soon started. At that time, however, there was no exchange rate to a currency. Due to the lack of demand, the value is determined solely on the basis of the mining costs.
That lay 2010 at 0.08 cents. The blockchain, which was still relatively short at the time, ensured that new coins could be mined without great effort.
Only from February 2011 Bitcoin was also described in mainstream media. The course was included at the time 1 dollar and slowly rose. The last time the value peaked at more than $ 64,500.
Below are the most important events and the development of the cryptocurrency - starting with the current status.
How expensive was a Bitcoin in the beginning? - Bitcoin price in chronology starting with the current status
May 19, 2021 - Bitcoin price slides further below the $ 40,000 mark
The associations of the Chinese financial industry in a joint statement forbid their members to do business with Bitcoin & Co .. The reason is that the exchange rates fluctuated strongly. This would jeopardize the economic and financial order, according to the National Internet Finance Association of China, the China Banking Association and the Payment and Clearing Association of China.
The new restrictions pushed Bitcoin below the $ 40,000 mark. On Wednesday, the rate continued to drop to $ 36,800. In mid-April, the currency hit an annual high of $ 64,895.
May 18, 2021 - Politicians want to control electricity consumption for Bitcoin production more closely
Sven Giegold, the spokesman for the European Green Group and member of the European Parliament, calls for the resource consumption of cryptocurrencies such as Bitcoin to be capped by law. The ecological damage of the cryptocurrency has become too great due to the growth of the cyber currency.
The economist Lüder Gerken, director of the Center for European Politics, is also critical of the greenhouse gas emissions of the cryptocurrency. A worldwide adjustment of CO2 pricing, for example through global emissions trading, is currently being seen that electricity-intensive processes such as Bitcoin mining are being relocated to countries with more relaxed climate protection requirements.
In order to create the digital currency, users have to provide computing capacity for the encryption and validation of transactions. You will be rewarded for this in Bitcoin. According to a study by the University of Cambridge and the International Energy Agency IEA, this “prospecting” or “mining” consumes as much electricity as the Netherlands annually.
According to the crypto platform Coinmarketcap, the Bitcoin price was $ 43,820 on Tuesday.
May 17, 2021 - Bitcoin drops to $ 42,285 after tweeted by Elon Musk
The Tesla boss indicated on Twitter on Sunday that the electric car maker could sell its Bitcoin holdings or may already have sold it. A user by the name @CryptoWhale wrote on Twitter that Bitcoin investors will be annoyed if they find out in the next quarter that Tesla has sold the rest of its Bitcoin shares. In view of the hatred that Elon Musk experiences, this is no wonder. Elon Musk replied to this post with an “Indeed”, indicating his approval.
That one word was enough to send the Bitcoin price down again. The dollar value of the largest and oldest cryptocurrency subsequently fell by several thousand dollars to $ 42,285 by Monday morning (CET), the lowest level in almost three months - a drop of more than ten percent.
Musk later made it clear that Tesla had not yet sold any bitcoins. The Bitcoin course subsequently made up some of the losses. On Monday, the Bitcoin price was slightly higher again at $ 44,997.
May 14, 2021 - Tesla criticizes Bitcoin and causes the share price to fall
On Wednesday, Tesla boss Elon Musk criticized Bitcoin for its high energy consumption. With that he triggered a tremor in the crypto markets.
With the campaign, Musk apparently wants to encourage the developers to accelerate the search for more energy-efficient technologies for the operation of the underlying blockchain technology. And he wants to work on a solution himself. On Thursday, the Tesla boss let it be known that the fun currency Dogecoin was the focus. Musk has been promoting the digital currency for months, but it recently had several price drops.
The criticism of Bitcoin has unsettled investors. The digital currency rushes from $ 56,000 to $ 46,980. It was last so low for a short time in April 2021. But on Friday the Bitcoin price recovered and, according to Coinmarketcap, is currently at $ 50,379.
May 7, 2021 - Bitcoin for the first time means of payment at Sotheby's auction in New York
For the gala auction in New York, the auction house Sotheby’s has announced an innovation that should go down in the history books. For the first time, a physical canvas painting by Banksy with the title “Love is in the Air” can now be auctioned not only with dollars, but also with Bitcoin or Ether. That was different at the beginning of March.
At Christie's auction house, the huge crypto work of art, which is based on the blockchain technology Non Fungible Token (NTF), still had to be paid for in dollars. Beeple's artwork "Everydays: The First 5000 Days" reached a record price of $ 69.3 million. It was bought by the Indian crypto entrepreneur Vignesh Sundaresan, who lives in Singapore. He recently made his fortune buying and trading digital currencies, including Bitcoin machines.
Bitcoin was unfazed by the news. The price has risen slightly and is currently at $ 56,200, according to Coinmarketcap.
May 5, 2021 - Ebay is considering introducing Bitcoin as a means of payment
The internet trading platform Ebay could soon work with digital money like Bitcoin. "We continue to look for other options such as cryptocurrencies," said CEO Jamie Iannone the financial broadcaster CNBC. Ebay has already expanded its range of payments and is now accepting Apple or Google Pay, for example, and the company is always open to other alternatives. The Ebay share reacted with significant price gains.
Ebay had already announced something similar in 2013. The then Ebay boss John Donahoe told the "Financial Times": "Digital currencies will develop into a very powerful thing" and he was open to Bitcoin as a means of payment. However, the plans fizzled out and just under two years later Donahoe left Ebay. At the time, PayPal also belonged to the group - cryptocurrencies are now recognized by the online payment service that was split off in 2015.
May 3, 2021 - Warren Buffet's colleague Munger criticizes Bitcoin - price rises unhindered to $ 58,000
Charlie Munger, the number two of the US star investor Warren Buffett, shot again at the Bitcoin over the weekend. “Of course I hate the Bitcoin success. I cannot welcome a currency that is so useful to kidnappers and blackmailers. The whole development is horrific, ”Munger said at the virtual shareholders' meeting for Buffett's private equity firm Berkshire Hathaway.
The 97-year-old Munger has long been considered a critic of Bitcoin. He criticizes the extreme volatility and lack of regulation of the cryptocurrency. However, the criticism could not affect the Bitcoin rate: The oldest and most important cyber currency was quoted on Sunday afternoon at $ 57,825, its highest level in two weeks. At the Monday the course continued to rise to $ 58,500.
April 27, 2021 - Bitcoin rises again towards $ 55,000
After the price collapse last week, Bitcoin is recovering. On Tuesday, the cryptocurrency was trading at $ 54,693, according to data from Coinmarketcap. That is an increase of four percent within 24 hours.
One reason for this is a report from the Coindesk news site. As a resultwants the US bank JP Morgan its own actively managedOffer bitcoin funds for private wealth management clients. The Bitcoin fund could therefore start this summer. The official confirmation is still missing. The decision to start a Bitcoin fund would be oneclear trend reversal, JP Morgan CEO Jamie Dimon described Bitcoin as a fraud in 2017. He later withdrew this accusation.
In Turkey, on the other hand, there is a crypto shock: First, the Turkish central bank banned crypto currencies as a means of payment in the country in mid-April. A short time later, Faruk Özer, founder of a Turkish trading platform Thodex, fled with probably hundreds of millions of dollars. And now a local competitor has unexpectedly filed for bankruptcy. Read the full story here: Bitcoin investors in Turkey fear hundreds of millions of dollars.
Tesla sells bitcoins worth $ 272 million
In addition to the announcement of the quarterly figures, Tesla also announces that the company sold bitcoins worth $ 272 million in the first quarter of 2021. This makes Tesla a profit of $ 101 million. The group announced in February 2021 that it had invested 1.5 billion US dollars in the cryptocurrency. The Bitcoin price had risen by almost 18 percent after the news was announced and, as a result, marked a price high of more than $ 46,000 in February.
April 23, 2021 - For the first time since March, Bitcoin will drop below $ 50,000 - the reason is a decision by US President Biden
According to US media, President Joe Biden wants to finance important future investments through higher taxes on capital gains. For example, capital gains tax for citizens with an annual income of more than one million dollars is to be almost doubled to 39.6 percent. The Bitcoin price then fell below the $ 49,000 mark. Market capitalization also fell by 12 percent within 24 hours. This means that investors are pulling out of the market. The stock markets in the USA also reacted with significant losses. According to Coinmarketcap, the price on Friday morning is only $ 47,963. The price was last so low in early March.
April 21, 2021 - Bitcoin price remains below $ 56,000
On Wednesday, the Bitcoin price remained below the $ 56,000 mark and is at $ 55,288 at noon, according to Coinmarketcap.de.
April 18, 2021 - Bitcoin crashes 15 percent
The bitcoin crashes. The course is losing around 15 percent of its value. Bitcoin was able to limit its losses on Sunday and was last listed at around $ 56,000. This is the lowest value in seven weeks. Bitcoin hit a record high of $ 64,869 just last week.
April 16, 2021 - Bitcoin price drops again to 61,000 dollars - Coinbase IPO goes brilliantly
It was a historic moment for the crypto world. Coinbase started trading on the Nasdaq on Wednesday and delighted investors: The share of the largest American crypto exchange started at $ 381, a good 55 percent above the reference price of $ 250 set the previous evening. In two minutes, Coinbase stock shot up to over $ 400. Five minutes later, the stock was trading at $ 422 in volatile trading. That was equivalent to a company valuation of more than $ 100 billion. But the share price lost momentum in the course of trading and closed well below the starting value at $ 328. Read the full report on the Coinbase IPO.
Bitcoin is also taking a short break from its record hunt. The price leveled off at $ 61,019 on Friday.
April 14, 2021 - Bitcoin price rises above $ 64,000 - Crypto trading platform Coinbase goes public in the US
Wall Street is preparing for the next mega IPO. This Wednesday, the Coinbase crypto exchange will start trading via a direct placement. It is the largest US trading center for Bitcoin and Co. and is one of the big winners from the ongoing crypto boom. This also continues to drive the Bitcoin course. In the afternoon of German time, according to Coinmarketcap, the cryptocurrency is at a new record of $ 64,365.
Market watchers expect the Coinbase IPO to be valued at $ 100 billion at best. This would make the crypto platform worth more than the established securities trading platforms New York Stock Exchange (Nyse) and Nasdaq combined.
Here are the most important questions and answers below: Five things you should know about Coinbase's IPO.
April 13, 2021 - Bitcoin price with new record high: $ 63,000 mark cracked
For the first time, the Bitcoin price leaps over the $ 63,137 mark - another record high within a few weeks. Shortly thereafter, the price fell slightly again, but rose this afternoon. The currency currently stands at $ 63,091, according to coinmarketcap. The cyber currency reached a new record high a month ago. At that time, the Bitcoin rate had risen to $ 61,700 and leveled off at $ 57,500 as a result.
March 22, 2021 - Crypto platform Coinbase has to pay a fine and postpone its IPO
Coinbase should actually go public in the coming days. But now the trading platform for cryptocurrencies has to pay a fine of 6.5 million US dollars to the US derivatives regulator CFTC.
The reason was false, misleading and inaccurate reports on transactions in digital assets including Bitcoin between January 2015 and September 2018, the agency said.
In addition, a Coinbase employee is suspected of having illegally traded Litecoin in order to pretend high trading volumes and high demand for the cryptocurrency.
The Bitcoin course behaves inconspicuously. The cyber currency was quoted on Monday lunchtime between 57,500 and 58,000 dollars. That corresponds roughly to the level of the past few days.
March 15, 2021 - Bitcoin, the digital currency, hits a new record at $ 61,700
Bitcoin has hit a new record again. On the trading platform Bitstamp, Bitcoin cost almost $ 61,700 on Saturday evening. On Sunday, the rate was around $ 1,800 below, but still well above the level on Friday evening. On Monday, the Bitcoin price on Coinmarketcap leveled off at $ 56,495 in the afternoon.
With the profits from the weekend, Bitcoin built on the winning streak of the past few days, with which it ended a weaker phase from late February and early March.
According to Coinmarketcap, Bitcoin now has a market capitalization of $ 1.1 trillion. This means that the oldest cryptocurrency is also by far the largest. All cyber currencies have a total value of around $ 1.8 trillion. Behind Bitcoin, the digital currency Ether ranks second with a market capitalization of currently 217 billion dollars.
March 3, 2021 - Bitcoin recovers from the short fall and picks up again
Bitcoin stood at $ 49,262.75 on Wednesday. This pushes the cyber motto back to the psychological mark of $ 50,000. With this, the cryptocurrency shows once again that an investment is not for investors with the faint of heart. Double-digit percentage rate fluctuations are not uncommon. It only fell to $ 44,417 at the weekend.
You can read about how much the digital currency divides the financial world in our large crypto report.
February 28, 2021 - Bitcoin drops to its lowest level in 20 days
Bitcoin continues its downward slide and has fallen to its lowest level in 20 days. The cyber currency was $ 44,417 on Sunday, around 3.7 percent below Friday's level. The cryptocurrency reached a record high of $ 58,354 a week ago, but has recently lost a significant amount.A stockbroker said on Friday that the profit-taking series was apparently not yet over.
February 24, 2021 - Bitcoin levels off at $ 50,000
After the price decline on Tuesday, Bitcoin is again hovering around the $ 50,000 mark. The most important cyber currency had temporarily slipped to just under $ 45,000 on Tuesday, after previously hitting a record high of $ 58,445.
February 22, 2021 - Bitcoin price drops below $ 49,000
Bitcoin is running out of breath on its record hunt. The price drops two percent to $ 56,260. The oldest and most important cyber currency had reached a record high of 58,354 dollars on the Bitstamp trading platform on Sunday. Elon Musk, who drove the price himself, now tweeted that they “seem too high” to him.
By the afternoon, the price of the most valuable cyber currency had fallen to as low as $ 49,000. Especially around the opening of Wall Street, the price losses increased almost by the minute before Bitcoin was able to quickly make up some of its losses. In the evening it is trading at just under $ 53,000.
More on the subject:
February 21, 2021 - Bitcoin climbs to a record high of $ 58,354
The oldest and most important cyber currency rose to a record high of $ 58,354 on Sunday on the Bitstamp trading platform. On a weekly basis, the digital currency rose by around 20 percent. Since the beginning of the year, the gain has been around 100 percent. According to data provider CoinMarketCap, all Bitcoin in circulation are worth more than a trillion dollars together for the first time.
February 19, 2021 - Bitcoin holds record and boosts Ethereum
Bitcoin remains at its latest high of $ 51,565 after Tesla boss Elon Musk announced on Twitter that in times of negative real interest rates, the crypto currency is the better choice compared to euros, dollars or other currencies.
The Bitcoin rally is having an impact on other cryptocurrencies. Ethereum, the second most important currency after Bitcoin, rose on Friday. According to the Bitstamp exchange, the Ethereum price was 0.7 percent at a record high of $ 1951.93.
February 18, 2021 - Bitcoin price is close to $ 52,000 - analysts see no end
The Bitcoin price is still up at $ 51,898. The market capitalization continues to rise and is currently at 961 billion dollars, according to the analysis company Coinmarketcap. The market value is thus approaching the trillion dollar mark.
Profit-taking on a large scale is currently not to be seen. “But at the end of the day, investors who are too euphoric will be brought back down to earth,” predicts analyst Timo Emden from the analysis company of the same name.
In his opinion, a correction of 20 to 25 percent should not bring the rally to an abrupt end and should be rated as “healthy”.
Simon Peters, an analyst at the investment platform eToro, says that Bitcoin could soon even be at $ 70,000. Small investors in particular would try to hedge against inflation and the weak dollar with the investment.
In view of the rally, Handelsblatt Bitcoin expert Mareike Müller calls in a comment to regulate Bitcoin. Germany could be a pioneer in this regard.
February 16, 2021 - Bitcoin hits $ 50,000
Bitcoin reaches another milestone: The oldest and most important cyber currency passed the 50,000 dollar mark for the first time on Tuesday and rose by up to five percent to a record high of 50,602.31 dollars.
However, the onset of profit-taking canceled some of the profits again. In the early afternoon, the Internet currency was up 2.5 percent at $ 49,478. "Many investors have obviously set a personal limit at the $ 50,000 mark," says analyst Timo Emden from Emden Research.
A week ago, Bitcoin was trading at below $ 38,100 only to subsequently gain in value. This corresponds to an increase of around 30 percent. Just two months ago, Bitcoin topped its 2017 record and broke the $ 20,000 barrier. Shortly thereafter, the cyber currency jumped the hurdles at $ 30,000 and $ 40,000.
February 11, 2021 - Bitcoin price falls slightly - Mastercard wants to recognize crypto currencies as a means of payment
According to the analysis company Coinmarketcap, the Bitcoin at noon is $ 45,504. The market capitalization is now 846 billion dollars. The price has thus fallen slightly compared to the high on February 9, 2021.
The credit card provider Mastercard wants to support cryptocurrencies by opening its global network this year. The move "will open up a lot more opportunities for buyers and retailers, as they can pay in a completely new way," said the payment processor on Wednesday.
Dealers could tap new customers who are already relying on the digital assets. However, not all cryptocurrencies would be supported by Mastercard, as many of the virtual means of payment would first have to tighten their compliance measures.
February 9, 2021 - Bitcoin hits a new record, breaking the $ 48,000 mark
According to data from the analysis company Coinmarketcap, the world's most important cyber currency has risen by over 20 percent to up to 48,004 dollars in the past 24 hours. Most recently, a Bitcoin cost around $ 46,400. The market capitalization is now 875 billion dollars. Bitcoin is still benefiting from Tesla boss Elon Musk's billion-dollar investment. The electric car maker has invested more than $ 1.5 billion in Bitcoin. Tesla also wants to accept Bitcoin as a means of payment for its products.
The dynamism triggered by Musk always creates new course fantasies. Bitcoin futures reflect the expectation that the digital currency will pass the $ 50,000 hurdle in the next few weeks. At the same time, shortsellers are increasingly dissolving their bets on falling prices, data from financial services provider Bloomberg show.
February 8, 2021 - Tesla is investing $ 1.5 billion in Bitcoin
Tesla is investing more than $ 1.5 billion in Bitcoin - and, under certain conditions, wants to accept the crypto currency as a means of payment for its products. Tesla bought Bitcoin in order to have "more flexibility to further diversify and maximize the return on our cash," according to a report from the electric car manufacturer to the US Securities and Exchange Commission.
The news is driving the price of the oldest and most important digital currency to a new record high: the price of a Bitcoin has increased by around 20 percent.
January 29, 2021 - Tweet from Elon Musk triggers Bitcoin rally
An entry from Tesla boss Musk on the short message service Twitter is enough to trigger a dynamic rally in cryptocurrencies. The head of the electric car manufacturer simply put “#bitcoin” in his Twitter biography, supplemented by the symbol of the world's most valuable cryptocurrency. As a result, the Bitcoin price shot up, at its peak by over 20 percent in a 24-hour comparison to 38,406 dollars. According to Blockchain.info, there are currently around 18.62 million Bitcoins in circulation.
January 6, 2021 - Private investors push Bitcoin price to $ 36,000
The demand for Bitcoin is immense, both among institutional investors and private investors. Bitcoin expert Timo Emden sees the latter as the biggest price driver. “As before, private investors are simply afraid of missing out on something and sometimes jump into the cold pool blindfolded,” says Emden. "The fact that even the smallest setbacks are promptly perceived as a re-entry opportunity speaks for numerous return-hungry speculators who wait behind the sidelines for price drops."
Bitcoin reached a new record high and cracked the $ 36,000 mark for the first time.
December 17, 2020 - Fed impulses and private investors drive Bitcoin price
New day, new record high: this is how the development of bitcoin over the past few days can be summarized. The cryptocurrency crossed the $ 23,000 mark for the first time, and its value has more than tripled since the beginning of the year.
"The Fed impulses may have given it an additional kick, but let's be honest: Bitcoin doesn't need that," says Craig Erlam, Senior Market Analyst at Oanda Europe. "A breakthrough to over US $ 20,000 could cause a stir and cause strong prices at the end of the year."
In its most recent interest rate meeting, the US Federal Reserve signaled ultra-low interest rates beyond the corona crisis and for the time being refrained from new economic stimuli.
November 18, 2020 - Paypal and investor interest are driving the Bitcoin price
For the first time since the beginning of 2018, the cryptocurrency has risen above the $ 17,000 mark. Bitcoin is getting a boost from the plans of the payment service PayPal to enable its customers to pay with Bitcoin and other digital currencies. In addition, more and more institutional investors are showing interest in Bitcoin and other cryptocurrencies, so-called Altcoins.
Analysts see another reason for the increasing trust in the crypto currency in statements by state actors: For example, the possibility of introducing the digital euro was discussed at the last ECB meeting. According to market analyst Timo Emden, such speculations make Bitcoin more attractive - especially since many private investors consider cryptocurrencies to be a supposedly safe haven as long as there is uncertainty in the markets due to the corona crisis, according to Emden.
October 21, 2020 - PayPal wants to accept Bitcoin as a means of payment
The payment provider PayPal is entering the cryptocurrency business. In the future, customers in the USA should be able to buy, sell and store Bitcoin and other cyber currencies via the PayPal platform. The news pushes the cryptocurrency to over $ 12,800 - a new high for the year.
With competitors such as Square and Robinhood Markets, trading in Bitcoin and Co. has been possible for a long time, but experts assume that PayPal's entry will spur the market. The California-based company processed $ 222 billion in payments in the second quarter alone and has 346 million accounts.
May 08, 2020 - Bitcoin rises before "Halving"
For the first time in two and a half months, Bitcoin is again above the $ 10,000 mark. If he should permanently skip the psychologically important bar, observers expect a further upward trend.
"The euphoria about the upcoming Halving‘ is inspiring, "said analyst Timo Emden from Emden Research. At the same time, "a panic of closing time among investors" is evident. Many investors are afraid of missing out on a rally, and the leap into the five-figure range is likely to attract new buyers, such as institutional investors, according to Emden.
Experts use the “halving event” to describe the automatic halving of the amount of Bitcoin that the producers of the decentralized currency, the “miners”, receive for maintaining the database within a certain period of time. In the Bitcoin algorithm, the regular lowering of remuneration is anchored in order to prevent inflation. With the "halving", the supply of newly produced coins decreases, which tends to increase the price. On May 12th there will be a "halving".
March 16, 2020 - Corona crisis affects markets for virtual currencies
The price of the most important cryptocurrency has plummeted. As data from the analysis company Coinmarketcap show, the Bitcoin price fell below the psychologically important mark of $ 5,000.
Market watchers did not mince their words and spoke of the "crash" on the crypto market. “This sell-off led to a cascade of exits. The vast majority of investors have chosen to hold cash, ”said Wayne Trench, head of the Bloomberg agency's crypto broker OSL.
In particular, the strong measures taken by the US Federal Reserve and the travel restrictions imposed by the US government have unsettled investors, according to many experts. “What do you want to hold, cash or Bitcoin?” Was the rhetorical question from Stephen Innes, Asia chief strategist at the Australian certificate house. "Of course I want cash."
January 29, 2020 - Bitcoin benefits from uncertainty in the stock market caused by the coronavirus
After four confirmed cases of the corona virus in Germany, investors are holding back. Market participants continue to follow news about the spread of the pathogen and the countermeasures - and try to derive possible negative effects on the economy.
One of the beneficiaries of the current uncertainty in the stock market is the cryptocurrency Bitcoin. The oldest and most important cyber currency rose to 9432 dollars - and is as expensive as it was three months ago.
January 07, 2020 - The start of the rally - geopolitics drives Bitcoin price to $ 8,000 per coin
The Bitcoin rally will begin at the beginning of 2020. The tensions in the Gulf region are fueling the cyber motto. The oldest and most important cryptocurrency rose by more than five percent to around $ 8,000, the highest level in seven weeks. In the late afternoon, it was trading at just under $ 7,900, according to Coinmarketcap.
"The cryptoasset market got off to a strong start in 2020," wrote the analysts at the industry company Amun. "The main reason was the increasing geopolitical tensions due to the escalation of the conflict between the USA and Iran." The cryptocurrency is increasingly becoming a kind of virtual gold, the analysts at Bloomberg Intelligence had recently judged, a "safe haven" in times of crisis.
June 26, 2019 - Bitcoin hits $ 13,000 again
In parallel to the discussion about the planned Facebook crypto currency "Libra", Bitcoin regained the $ 5,000 and $ 10,000 mark within a few weeks. On June 26, the currency hit a year and a half high of $ 13,895. In the second half of the year, however, the rate will halve due to the political headwind for Libra to around $ 6,300.
July 24, 2018 - Bitcoin cracks the $ 8,000 mark
According to data from the analysis company Coinmarketcap, Bitcoin rises above $ 8,000. At noon, the rate was around 6.5 percent plus at $ 8,189, which is the highest it has been since May 2018.
Most of the other major digital currencies also rose, albeit not quite as strongly as the oldest cyber currency.
Many Bitcoin investors breathe a sigh of relief - and hope that the upward trend will continue. In the past six months, they had to show strong nerves: Bitcoin has continuously lost value since the beginning of May. By June, the rate had slipped from just under $ 10,000 to less than $ 6,000.
The record high of around $ 20,000 reached in December 2017 is still a long way off even after the current recovery. Over the course of the year, however, investors have now more than tripled their investment. And according to observers, another crash soon is unlikely.
February 6, 2018 - Bitcoin crashes for fear of regulation and is only worth $ 6,000
The price exploded in 2017: from $ 1,000 in January to more than $ 8,000 in mid-November. Anyone who buys a Bitcoin for ten cents at the end of 2010 will hold 17,000 euros in December 2017. But then the market overheats and panic breaks out, even before regulation. In a few months, the coin will lose 85 percent of its maximum value.
Investors bring profits to safety and the sell-off of cryptocurrencies continues. Bitcoin is down another 12 percent this Tuesday, dropping below the $ 6,000 mark.
Around 600 other cryptocurrencies are also crashing. The Bitcoin crash alone burns around 500 billion euros.
December 17, 2017 - Bitcoin is worth more than $ 20,000; Market value at $ 335 billion
The Bitcoin is unstoppable: The cryptocurrency broke the $ 20,000 mark on various exchanges for the first time on Sunday afternoon. The new record came just in time for the start of more Bitcoin futures.
On Monday night trading begins on Chicago's CME, the world's largest exchange for futures contracts. The market value of the world's largest cryptocurrency is 335 billion dollars. The Bitcoin price has increased by more than 2500 percent this year.
The incredible rise of the digital currency has alarmed regulators around the world. In the US, the IRS has won a lawsuit and can now request information from Coinbase, the country's largest crypto exchange, about certain users who traded large amounts between 2013 and 2015. The US Securities and Exchange Commission and the derivatives regulator CFTC have also warned investors against too much hype and urges investors not to invest blindly in so-called virtual IPOs (ICOs).
February 28, 2014 - Bitcoin platform Mt.Gox goes bankrupt - the currency drops to 570 dollars
The once largest trading platform, Mt.Gox, has filed for bankruptcy. Mt.Gox had a debt of around 6.5 billion yen (46.6 million euros). Mt.Gox boss Michael Karpeles admitted that bitcoins may have been stolen in an online attack by strangers in early February.
According to the information, bitcoins to the value of 11.4 billion yen (81 million euros) and deposits to the value of 2.8 billion yen (20 million euros) that were intended to purchase the digital currency disappeared. Since the beginning of February, users have not been able to access their accounts at Mt.Gox.
According to a paper published on the Internet, more than 740,000 bitcoins at the current value of over $ 300 million could be missing. In a chat protocol published among other things by "Fox Business", Karpeles had admitted that the document was "more or less" serious.
Most recently, the price was quoted at $ 570. The Mt.Gox closure plunged the currency into a crisis of confidence.
How expensive was a Bitcoin in 2013? - November 27, 2013: Bitcoin rises above the 1000 dollar mark for the first time
The course of the virtual currency Bitcoin cracked the 1000 dollar mark for the first time on the Mt. Gox trading platform - driven by speculators who, in view of the increasing acceptance, are buying up the virtual currency.
The Bitcoin price climbed to $ 1,044. This means that the currency has increased more than 80 times since the beginning of the year.
The reason for the rally is the increasing interest of investors in China and the USA, while more and more merchants are accepting Bitcoins. "Milestones tend to convey some validation, even if they are absolutely arbitrary," wrote Nicholas Colas, chief marketing strategist at ConvergEx Group. "$ 1,000 for a Bitcoin attracts attention and gives those people who are positive about the currency another reason to laugh right in the face of the black seekers."
In retrospect, the Cyprus crisis is also seen as a reason for the rise and acceptance of Bitcoin. Because the currency, which exists through a freely accessible software program and is not regulated in any country or by any banking supervision, gained more and more trust, while the banks froze the accounts of their citizens.
How expensive a bitcoin in 2011? - February 2011: Bitcoin costs 1 dollar
It was not until February 2011 that a Bitcoin was also described in mainstream media. The rate rises to $ 1.
How expensive was a Bitcoin in 2010? - July 7, 2010: Bitcoin price rises to 8 US cents each
A group of developers released a software update for Bitcoin. This increases the rate tenfold from $ 0.008 to $ 0.08 each.
How expensive was a Bitcoin in 2009? - October 2009: 1309 Bitcoin for 1 dollar
According to the New Liberty Standard crypto exchange, 1309.03 Bitcoin cost one US dollar. The blockchain, which was still relatively short at the time, ensured that new coins could be mined without great effort.
How expensive was a Bitcoin in 2008? - October 31, 2008: Bitcoin becomes digital reality
A person or group with the pseudonym "Satoshi Nakamoto" publishes a nine-page paper describing how Bitcoin works. It also outlines the principles of a blockchain. All of the around 2100 cryptocurrencies currently in existence are based on this technology.
In total, the amount of bitcoins is limited to 21 million. Not all of them are on the market by a long way. Estimates assume that the 21 millionth and thus last Bitcoin created will be calculated around the year 2033. Many crypto experts consider the system to be mature.
More:Shopping with Bitcoin: Who accepts cryptocurrencies - and who could soon follow suit.
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