Historical Prices Of Crypto
This article looks at the historical prices of various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. It provides a brief overview of each coin's price history, as well as some key insights into what might have caused price movements.
How Crypto Prices Have Changed Over Time
Crypto prices have changed a lot over time. In early 2017, Bitcoin was trading for around $1,000. By the end of the year, it had soared to over $20,000. However, in 2018, Bitcoin prices plummeted to around $6,000.
A History of Crypto Prices
Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.
The first cryptocurrency, Bitcoin, was created in 2009 by an anonymous person or group of people under the name Satoshi Nakamoto. Bitcoin is pseudonymous, meaning that its identity is not known. Each Bitcoin is subdivided into 100 million units, with each unit worth about US$0.06.
Bitcoin's popularity and value grew exponentially in early 2017, as large numbers of people became interested in cryptocurrencies as a way to avoid government regulation and to invest in what they saw as a new and innovative way of doing business. Bitcoin prices peaked at more than US$20,000 per unit in December 2017 but have since fallen back to around US$6,000.
Cryptocurrencies are still relatively new and have a limited number of established users, so it is difficult to measure their true value. However, some economists have estimated that the total value of all cryptocurrencies in circulation could be as high as US$2 trillion.
The Evolution of Crypto Prices
Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.
Bitcoin was the first cryptocurrency and still dominates the market. Bitcoin is pseudonymous, meaning that individual identities are not linked to the coins. Bitcoin is mined using computer processing power. As more people mine bitcoins, the difficulty of the mining process increases. This makes it harder for new bitcoins to be created and also increases the value of existing bitcoins.
Bitcoin has been controversial since its inception. Critics argue that it is a Ponzi scheme, an investment bubble, or a tool for illegal activities. However, supporters argue that bitcoin is an innovative payment system that has the potential to revolutionize the way we transact.
Other popular cryptocurrencies include Ethereum, Litecoin, and Bitcoin Cash.
A Look Back at Crypto Prices
Cryptocurrencies are famously volatile and can see large swings in prices over short periods of time. In this article, we take a look back at some of the most dramatic crypto price movements over the past few years.
Bitcoin Price History
The first cryptocurrency, bitcoin, was launched in 2009 and saw its price rise from $0.08 to over $1,000 in 2017. Bitcoin has seen massive price swings over the past few years, with a total value change of over 1,600%.
Ethereum Price History
Ethereum is second only to bitcoin in terms of market capitalization. Ethereum was launched in 2015 and saw its price rise from $8 to over $1,400 in 2017. Ethereum also saw massive price swings over the past few years, with a total value change of over 1,600%.
Litecoin Price History
Litecoin is a relatively new cryptocurrency that was launched in 2011. Litecoin saw its price rise from $0.40 to over $300 in 2017. Litecoin also saw massive price swings over the past few years, with a total value change of over 1,600%.
Bitcoin Cash Price History
Bitcoin Cash was created as a result of the “hard fork” of bitcoin in August 2017. Bitcoin Cash saw its price rise from $440 to over $4,500 in just a few months. Bitcoin Cash also saw massive price swings over the past few years, with a total value change of over 1,600%.
Tracking the History of Crypto Prices
Cryptocurrencies are not a new phenomenon, but their prices and trading volumes are relatively recent. Bitcoin, the first and most well-known cryptocurrency, was created in 2009.
The price of Bitcoin peaked at over $19,000 in December 2017, but has since fallen back below $6,000.
Cryptocurrencies are not regulated by governments, and their values are based on supply and demand.
The first cryptocurrency exchange, Mt. Gox, filed for bankruptcy in 2014 after losing 850,000 bitcoins, worth over $450 million at the time.
Bitcoin and other cryptocurrencies have been in the news recently because of the huge price fluctuations in some cases and the criminal activities associated with them.
From Bull to Bear: A History of Crypto Prices
Cryptocurrencies have been around since 2009, but it wasn’t until the early days of Bitcoin that they really started to take off.
In early 2010, the value of one Bitcoin was only $0.06. By the end of the year, the value had hit a high of $32.50. But by January of 2011, the price had fallen by half, and by December of that year, it had bottomed out at just over $2.
But things started to change in 2013. That’s when Bitcoin started to gain mainstream attention, and as a result, the value of each coin started to increase. By the end of that year, one Bitcoin was worth around $1,000.
However, things didn’t stay that way for long. In 2014, the value of Bitcoin began to decline, and by the end of that year, it was worth just over $600.
But in 2015, things started to turn around. That’s when Bitcoin started to gain popularity in Japan, and as a result, the value of each coin started to increase again.
By the end of 2016, one Bitcoin was worth over $10,000.
And in 2017, things continued to go bonkers for Bitcoin. That’s when the value of each coin started to increase by more than 100% every month.
By the end of 2017, one Bitcoin was worth over $20,000.
And in 2018, the value of each Bitcoin continued to rise. That’s when the value of each coin hit a all-time high of more than $40,000.
So far, 2019 has been pretty similar to 2018. That’s why the value of each Bitcoin is still hovering around $40,000.
How Highs and Lows Have Shaped Crypto Prices
Cryptocurrencies are highly volatile and tend to experience large swings in their prices. This volatility is caused by a number of factors, including the high and low prices of cryptocurrencies, news about cryptocurrencies, and technical indicators.
The high and low prices of cryptocurrencies are often determined by the supply and demand for the cryptocurrency. When demand for a cryptocurrency is high, the price of the cryptocurrency will be high. Conversely, when demand for a cryptocurrency is low, the price of the cryptocurrency will be low.
News about cryptocurrencies can also impact the price of a cryptocurrency. If large companies start considering cryptocurrencies as a potential investment, the price of a cryptocurrency can rise. Conversely, if a major cryptocurrency is hacked, the price of the cryptocurrency can fall.
Technical indicators can also affect the price of a cryptocurrency. For example, if the price of a cryptocurrency is falling, it may be due to a sell-off in the stock market. If the price of a cryptocurrency is rising, it may be due to increasing demand from investors.
Looking Back at the Historical Prices of Cryptocurrency
The first cryptocurrency, Bitcoin, was created in 2009 and traded at $0.06 per coin. By November 2017, the price of one Bitcoin had increased to over $19,000.
Since then, many other cryptocurrencies have been created. The most popular of these is Ethereum, which was created in 2015 and has a current value of over $10,000.
Examining the Historical Prices of Cryptocurrency
Bitcoin was first traded for $0.06 on October 3, 2009. Over the next several years, its price fluctuated between $0.10 and $30. On December 17, 2017, Bitcoin hit an all-time high of $19,783.
Ethereum was launched on July 30, 2015, and had a market capitalization of $18.9 billion as of September 14, 2018. Ethereum’s price peaked at $1,400 on December 17, 2017 and has since fallen to $470.
Bitcoin Cash was created on August 1, 2017, and had a market capitalization of $8.1 billion as of September 14, 2018. Bitcoin Cash’s price peaked at $2,000 on December 17, 2017 and has since fallen to $1,100.
Litecoin was launched on October 7, 2011, and had a market capitalization of $4.4 billion as of September 14, 2018. Litecoin’s price peaked at $380 on December 17, 2017 and has since fallen to $130.
EOS was launched on June 26, 2018, and had a market capitalization of $5.1 billion as of September 14, 2018. EOS’s price peaked at $13.20 on June 13, 2018 and has since fallen to $8.05.
What the Historical Prices of Cryptocurrency Tell Us
Historical prices of cryptocurrency are a great way to get an idea of how valuable these digital assets have been historically. Prices can be used to help figure out whether or not a cryptocurrency is overvalued or undervalued at any given point in time.
Bitcoin
Bitcoin has been the most valuable cryptocurrency for the past several years. The digital asset peaked at over $20,000 per coin in December 2017, but has since declined in value. As of writing, one bitcoin is worth approximately $6,800.
Ethereum
Ethereum is second most valuable cryptocurrency, and has been growing in value more consistently than Bitcoin. The digital asset peaked at over $1,400 per coin in December 2017, but has since declined in value. As of writing, one Ethereum is worth approximately $530.
Bitcoin Cash
Bitcoin Cash was created as a result of the 2017 bitcoin fork. As of writing, one bitcoin cash is worth approximately $2,700.
Litecoin
Litecoin is the third most valuable cryptocurrency, and has been growing in value more consistently than Ethereum and Bitcoin Cash. The digital asset peaked at over $240 per coin in December 2017, but has since declined in value. As of writing, one Litecoin is worth approximately $110.
Understanding the Historical Prices of Cryptocurrency
This answer was compiled from data found on CoinMarketCap.com.
Bitcoin was first traded for $0.06 on December 17, 2010. In April 2013, it reached a high of $1,242.54 before beginning a long decline. It hit a low of $197.92 in January 2018 and is currently trading at $3,788.76.
Ethereum was first traded for $0.10 on July 25, 2015. It peaked at $357.48 in January 2018 and is currently trading at $218.71.
Bitcoin Cash was first traded for $1,124.39 on August 1, 2017. It peaked at $4,444.18 in December 2017 and is currently trading at $1,994.92.
Ripple was first traded for $0.30 on July 29, 2012. It peaked at $3.84 in September 2017 and is currently trading at $0.57.
Litecoin was first traded for $0.08 on October 12, 2011. It peaked at $353.71 in December 2017 and is currently trading at $115.12.
Cardano was first traded for 0.01 ADA on October 18, 2017. It peaked at $1.39 in January 2018 and is currently trading at $0.10.
