(Newswire.net — December 6, 2021) —
It has been almost a year since Bitcoin (BTC) has been shocking the entire world with its market presence. Although it had been outperforming the rest of the cryptocurrencies ever since its launch, it really proved its worth the year 2020 came to an end.
Since the end of 2020, Bitcoin has been flying high and despite all the hiccups it has faced, it is still the most attractive cryptocurrency. Bitcoin has been around since the beginning of the cryptocurrency industry, and it is the currency that laid the foundation of the crypto-space.
If you look at the cryptocurrency market today, you would see that Bitcoin is not performing at its full potential. However, Bitcoin has always proven that the analysts that have made predictions against it were wrong at the end of the day.
There have been so many instances when Bitcoin has been pronounced dead by most mainstream and crypto-related analysts. According to records, Bitcoin has been pronounced dead more than 400 times. Still, Bitcoin has proven that it can always make a comeback and it has proven everyone wrong.
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Bitcoin’s Initial Run from December 2020
It was the last 10-days of the last month of 2020 when Bitcoin started picking up on its price. It was mainly because MicroStrategy, a major business intelligence company started investing heavily in Bitcoin.
Bitcoin started the month of December 2020 at a price of $19,633.77 per BTC, but on December 31, 2021, its price was at $29,001.72 per BTC. This meant that in a matter of 31-days, BTC’s price grew by 48%. It was on December 31, 2021, when Bitcoin hit its all-time high of $29,244.88 for the year 2020, and it did it midday. Until the end of December 2020, the valuation for the digital asset was $539,051,138,108.
Bitcoin Began 2021 with a bang
As the year 2021 began, Bitcoin stepped into it with flying figures and its price continued growing tremendously. Bitcoin started the year 2021 at a price of $28,994.01 and until January 8, 2021, its price had hit an all-year high of $41,946.74 per BTC.
The first Bitcoin Plunge of 2021
After hitting an all-time high on January 8, 2021, Bitcoin experienced a dip in its price for the first time since the beginning of 2021. This went on for almost a month until Bitcoin picked up on its price on February 8, 2021. That is when Bitcoin’s price experienced a surge and in a matter of 24-hours, its price went from $39,250.19 per BTC all the way up to $46,196.46 BTC, hitting its 2nd all-time high for 2021.
The third Bitcoin All-Time high of 2021
From February 8, 2021, until February 21, 2021, the price of Bitcoin grew all the way up to $58,330.57, hitting its third all-time high. After that, Bitcoin’s price came all the way down to around $45k per BTC, and it fluctuated around that figure.
The Fourth Bitcoin All-Time high of 2021
Starting off its journey from February 21, Bitcoin continued revolving around the $45k per BTC figure until it hit its all-time high of $61,683.86 per BTC on March 13, 2021.
Moving on, Bitcoin price continued facing resistance at $60k per BTC but it managed to break out on April 14, 2021, when it hit another all-time high of $64,863.10.
Mid-April Disaster for Bitcoin it Bitcoin’s recent All-Time High
From Mid-April, Bitcoin’s price continued experiencing the plunge, which led it to go all the way down to $29360.96 per BTC on July 20, 2021. From that point onwards, the price of Bitcoin continued growing and it was on November 10, 2021, when BTC hit an all-time high of 68,789.63.
Since then until November 28, 2021, the price of Bitcoin has continued struggling between the figure of $54k per BTC and $58.5k per BTC.
So far, things are looking very good for Bitcoin and it continues shocking the entire crypto-verse with its performance. As of now, Bitcoin has formed a gigantic user following and even the mainstream institutions are investing in it. As always, Bitcoin will continue growing in size and work wonders for the entire investment community. Even the crypto signals generated by the majority of the on-chain data analyzing firms are going in favor of Bitcoin.