Bitcoin price history

The summer of 2016 had a couple of notable events. One was another giant theft, which resulted in more than $50 million in lost digital money, this time Ether (rather than Bitcoin). Another was the second Bitcoin halving, which again cut the supply of new Bitcoins coming into the world. In these months, different people found ample reasons to be scared of cryptocurrency—it’s not great to lose $50 million in one swoop—and to feel scarcity driving them toward buying it anyway. Anyway, if you bought that summer, you still have made a killing. You May Also Be Interested In Since its launch, Bitcoin has received a few upgrades. In 2017, the SegWit upgrade boosted Bitcoin’s capacity by transforming how data is stored in blocks. Four years later, developers executed the Taproot upgrade, enabling Bitcoin to compete with smart contract platforms like Ethereum. It also made the network more private and secure. Possible future upgrades could improve security through modifications called covenants and ramp up privacy with the use of sidechains.

From there, it was just a week until Bitcoin was back at $68, as the bottom fell out. But then a week later, it had doubled again and traded north of $150. After the strong trading action in April and May, Bitcoin spent June and July settling down. Surely this was the peak of insanity for Bitcoin volatility. Leave a Reply Cancel reply With all traces of last week’s two volatility events — involving crypto asset manager Grayscale and United States regulators — erased from the charts, traders weighed the impact of various potential weekly close levels.