Bitcoin first reached the value of $1 on October 5, 2013. It was trading at this price on the Mt.Gox exchange. At the time, this was the only major exchange where bitcoins could be traded. The value of bitcoin has fluctuated significantly since then, reaching a high of over $1,200 in late 2013 before dropping […]
What Day Did Bitcoin Peak
Bitcoin prices have been on a steady rise since the beginning of the year. The value of a single bitcoin reached an all-time high on August 17, 2017, when it peaked at $4,483. However, the value has since dropped and is now hovering at around $3,700. So what caused the bitcoin price peak on August […]
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How Long Did It Take Bitcoin To Reach 50000
Bitcoin is a digital currency that is created and held electronically. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems. It took a little over two years for Bitcoin to go from 1,000 to 5,000 USD. Bitcoin […]
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What Caused Bitcoin To Crash In 2017
In December 2017, the price of Bitcoin crashed, losing over a third of its value in just two days. This article will explore what caused this crash, and what it could mean for the future of Bitcoin. Bitcoin’s value is based on supply and demand. When demand is high and the supply is low, the […]
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