BIT COIN PRICE HISTORY

Bitcoin had already breached $61,000 and fallen back over to $54,738 when Tesla CEO Elon Musk announced in a tweet on March 24, 2021, “You can now buy a Tesla with Bitcoin.” Within days, bitcoin prices began an upward trend, settling in the upper $50,000s. In September, Bitcoin consolidated around $4,000 before moving decisively higher to $5,000 and then $6,000 in mid-October. The price of $7,000 was breached on Nov. 2, and then Bitcoin spent the rest of the year melting up: A couple of weeks later Bitcoin passed $8,000, then $10,000, surging to $13,000 days later, eclipsing $16,000 and by mid-December topping out above $19,000. https://quickbitcoins.net/ can affect Bitcoin’s price, as demonstrated during the COVID-19 pandemic. The more people who use Bitcoin, the more valuable it may become. As use cases for Bitcoin are announced (for instance, a new platform says they will accept it as method of payment), its price has tended to rise. Some market participants, including exchanges, have created or are in the process of creating investment products based on Bitcoin, such as futures and mutual funds, making it accessible to a broader investor base.