Introduction to Bitcoin’s Thanksgiving Journey
Bitcoin, the pioneering cryptocurrency, has shown remarkable growth since its inception. Every Thanksgiving, enthusiasts and investors look back to see how the price of Bitcoin has fluctuated over the years. This article will explore Bitcoin prices on Thanksgiving Day from 2010 to 2024, giving insight into its impressive rise and occasional dips.
Bitcoin Prices Through the Years
In 2010, Bitcoin was an emerging asset with a price of just $0.28. By Thanksgiving 2011, it had increased to $2.49, showcasing early believer confidence in the digital currency. The growth continued in 2012, with the price reaching $12.51. However, it was in 2013 that Bitcoin truly gained attention, skyrocketing to $813. Each year brought its challenges, and by Thanksgiving 2014, the price fell to $376.
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The price of Bitcoin fluctuated in the following years, reaching $328 in 2015, $739 in 2016, and peaking at $8,771 in 2017. The year 2018 saw a significant correction to $4,015. Yet, thanks to its growing popularity, Bitcoin grew again, reaching $7,150 in 2019 and an astounding $18,764 in 2020. The momentum continued through 2021, where it peaked at $58,927. However, 2022 saw a price decline to $16,353 before rebounding to $37,035 in 2023. The projected price for 2024 is an impressive $95,531, reflecting the increasing investment in Bitcoin and its expanding market acceptance.
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