If the story of bitcoin in 2013 was its meteoric rise in price tag, which saw it hit a peak of above $one,a hundred in November, then the tale of bitcoin’s price tag this 12 months is one of plummeting from all those heights.
The price tag of bitcoin opened the 12 months at $770, in accordance to the CoinDesk Price tag Index. By mid-December, it was investing in the mid-$three hundred selection. This represents a fall of much more than fifty% from the start of the 12 months.
Nonetheless, it can be well worth noting that bitcoin is nevertheless investing comfortably above its price tag for a great deal of very last 12 months. In truth, it is changing palms for much more than a few times the amount of money it was investing at during the highs of April 2013, before its historic bull run.
In excess of the past 12 months, the price tag has been buffeted by a various array of factors, ranging from adoption by payments big PayPal and technological innovation goliath Microsoft to the substantial market-buy from the ‘BearWhale’ and rumoured clampdowns by the Chinese authorities.
The interactive price tag chart underneath, based on the CoinDesk BPI, retraces the highs and lows of bitcoin’s price tag as it struggles to discover its toes following an outstanding 12 months.
For a larger sized variation of the chart, click here.