The first ever recorded real-world bitcoin transaction was 2 Pizzas purchased for 10,000 bitcoins back in 2010. By today’s standard that’s $110 million Pizzas

January 2009 – Mar 2010
Basically, bitcoin had no value. No exchanges or market for it. Users were mainly cryptography fans who were sending bitcoins for hobby purposes representing low or no value. In March 2010, user “SmokeTooMuch” auctioned 10,000 BTC for $50 (cumulatively), but no buyer was found.

March 2010—-$0.003
On the 17th of March, 2010, the now-defunct BitcoinMarket.com exchange became the first cryptocurrency exchange.

May 2010—- Less than $0.01
On 22nd May 2010, Laszlo Hanyecz made the first real-world transaction by buying two pizzas in Jacksonville, Florida, the United States of America for 10,000 bitcoins

July 2010—-$0.08
In five days, the price grew 1000%, rising from $0.008 to $0.08 for 1 bitcoin.

February 2011 – April 2011—–$1.00
bitcoin takes parity with US Dollar.

8th July 2011—-$31.00
Top of first “bubble”, followed by the first price drop

December 2011— $2.00
Minimum after few months

December 2012—-$13.00
Slowly rising for a year

11th April ,2013—–$266
Top of a price rally, during which the value was growing by 5 – 10% daily.

May 2013—-$130
Basically stable, again slowly rising.

June 2013—-$100
In June slowly dropping to $70, but rose in July to $110

November 2013—–$350 — $1,242
From October $150–$200 in November, rising to $1,242 on 29 November 2013.

December 2013 $600 — $1,000
Price crashed to $600, rebounded to $1,000, crashed again to the $500 range. Stabilized to the ~ $650–$800 range.

January 2014—–$750 — $1,000
Price spiked to $1000 briefly, then settled in the $800–$900 range for the rest of the month.

February, 2014—- $550 — $750
The price fell following the shutdown of Mt. Gox before recovering to the $600–$700 range.

March 2014—-$450 — $700
Price continued to fall due to a false report regarding bitcoin ban in China and uncertainty over whether the Chinese government would seek to prohibit banks from working with digital currency exchanges.

April 2014—-$340 — $530
The lowest price since the 2012 – 2013 Cypriot Financial Crisis had been reached on 11th April 2014.

May 2014—-$440 — $630
The downtrend first slows down and then reverse, increasing over 30% in the last days of May.

March 2015—-$200 — $300

November 2015—-$395 — $504
A large spike in value from $225 – $250 at the start of October to the 2015 record high of $504.
May – June 2016—-$450 — $750
A large spike in value starting from $450 and reaching a maximum of $750.
July–September 2016—$600 — $630
Price stabilized in the low $600 range.October – November 2016—$600 — $780
As the Chinese Renminbi depreciated against the US Dollar, bitcoin rose to the upper $700.January, 2017—-$800 — $1,1505th – 12th January ,2017—$750 — $920
The price fell 30% in a week, reaching a multi-month low of $750.2nd – 3rd March 2017—-$1,290+
Price broke above the November 2013 high of $1,242 and then traded above $1,290.April 2017 —$1,210 — $1,250May 2017—-$2,000
Price reached a new high, reaching US$1,402.03 on 1st May 2017 and over US$1,800 on 11th May 2017. On 20th May 2017, the price of one bitcoin passed US$2,000 for the first time.May – June, 2017—$2,000 — $3,200+
Price reached an all-time high of $3,000 on 12 June and was oscillating around $2,500 since then. As of 6th August 2017, the price was $3,270.

August 2017—-$4,400
On 5th August 2017, the price of one bitcoin passed US$3,000 for the first time. On 12th August 2017, the price of one Bitcoin passed US$4,000 for the first time. Two days later, the price of one Bitcoin passed US$4,400 for the first time.

September 2017—$5,000

On 1st September 2017, bitcoin broke US$5,000 for the first time, topping out at US$5,013.91.

12th September 2017—-$2,900
Price dipped harshly from China’s bitcoin ICO and Exchange Crackdown (those following improper practices)

13th October 2017—-$5,600
Price shot back up as the world moved on past the incident following China’s crackdown

21st October 2017—$6,180
Price hit another all-time high as the impending forks draw closer

6th November 2017—-$7,300

12th November 2017—-$5,519 – 6,295
Related to the surge in the price of Bitcoin Cash, topping at US$2,477.65/Bitcoin Cash or approx. 2.2 – 2.5x of the value of Bitcoin Cash to one bitcoin. The developments knocked out Ethereum as second most popular cryptocurrency into third over the total market cap of said cryptocurrency as per USD value at least temporary before Ethereum stole the spot back at second place. Closed at USD$6000 per bitcoin

17th – 20th November 2017—$7,600 – 8,100

Increased briefly and topped at USD $8004.59 per bitcoin before retreating from its highs. On 20th November 2017, it was USD$7,988.23 per bitcoin. This may be related to developments in the 2017 Zimbabwean coup d’état. The market reaction in one Bitcoin exchange is alarming as 1 BTC topped nearly US$13,500, 2x the value in the global market.

25th November 2017—-$9,000

Bitcoin reached the $9,000 mark for the first time.

28th November 2017 —$10,000

Reached historic $10,000 for the first time.

29th November 2017—-$11,000

 5th December 2017—$12,000

6th December 2017—-$13,000

7th December 2017 $17,000

8th December 2017 $18,000

Bitcoin surpasses $18,000 for the first time.

Image credit: Shutterstock

 

 

Israel Martins is a cryptocurrency researcher and trader since 2016, passionate about blockchain and other emerging technologies.


Israel Martins

Israel Martins is a cryptocurrency researcher and trader since 2016, passionate about blockchain and other emerging technologies.

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: