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Bitcoin All-Time High (ATH)

Since its inception on January 3, 2009, Bitcoin’s price has constantly been on a rollercoaster. This post covers the different all-time highs (ATH) Bitcoin has reached throughout the years.

Bitcoin All-Time High Summary

Bitcoin’s all-time high price was on March 5, 2024, when it reached $69,324.58. At that time, there were just over 19.6 million bitcoins in circulation, bringing the market cap to around $1.35 trillion.

Here’s what I’ll cover in this post:

  1. Bitcoin All-Time High Charts
  2. Notable All-Time Highs
  3. Frequently Asked Questions
  4. Conclusion

1. Bitcoin All-Time High Charts

Bitcoin’s price is based on supply and demand. The more people are looking to buy Bitcoin, the higher the price will rise. If the majority of people lose faith in Bitcoin and start selling it, the price will drop.

The first time Bitcoin actually gained value was on October 12, 2009, when Martti Malmi, a Finnish developer who helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02. This gave 1 Bitcoin the value of $0.0009.

Since then, the price has been rollercoastering, as can be seen in the price chart below.

Scale:

Bitcoin all-time high for the last 3 months

$73,084
March 13, 2024
Info taken from bitcoinaverage.com

Bitcoin all-time high for the last 6 months

$73,084
March 13, 2024
Info taken from bitcoinaverage.com

Bitcoin all-time high for the last year

$73,084
March 13, 2024
Info taken from bitcoinaverage.com

2. Notable All-Time Highs

There have been several notable all-time highs for Bitcoin throughout its history.

March 5, 2024 – $69,324.58

In March 2024, shortly after the historic Bitcoin ETF approvals by the U.S. Securities and Exchange Commission (SEC), Bitcoin rose to another all-time high of over $69,000.

December 18, 2017 – $19,498.63

On this date, Bitcoin reached its all-time high of nearly $20,000. Due to price discrepancies between Bitcoin exchanges, some believe the ATH was over $20K, while others show it was under $20K.

This price rally is attributed mainly to speculation and the ICO craze that was going around at the time. Almost all cryptocurrencies saw a major increase in price, and Bitcoin’s dominance of the cryptocurrency market cap dropped to around 33% (in 2019, it rose back to over 65%).

November 29, 2013 – $1,242

This ATH was said to result from FOMO (fear of missing out). This is also the first time Bitcoin hit mainstream media, fueling price speculation even more. This is the first time Bitcoin broke the $1,000 mark.

April 9, 2013 – $213

This ATH was the first time Bitcoin broke the $100 mark. This rally is attributed mainly to the bail-in crisis in Cyprus where almost 50% of all Bank of Cyprus depositor funds were taken to help the country’s financial state. It is said that as a result many turned to Bitcoin as a safe haven for their money.


3. Frequently Asked Questions

When is the Next Bitcoin All-Time High?

While no one can really predict Bitcoin’s price, some believe that the next Bitcoin halving will bring a shortage in the supply of new Bitcoin, which will increase demand and, therefore, drive the price up even higher than before.

What is Bitcoin’s All-Time High in INR?

Bitcoin’s all-time high was 5,737,000 INR on March 5, 2024

What is Bitcoin’s All-Time High in GBP?

Bitcoin’s all-time high was 54,440 GBP on March 5, 2024

What is Bitcoin’s All-Time High in AUD?

Bitcoin’s all-time high was 105,370 AUD on March 5, 2024


4. Conclusion

Time and time again, Bitcoin continues to reach all-time highs. Many believe we are a few steps away from another new all-time high due to the upcoming Bitcoin halving, while others continue to proclaim Bitcoin as dead.

What do you think about Bitcoin’s price? When will it reach its next all-time high? Let me know in the comment section below.

Having delved into futures trading in the past, my intrigue in financial, economic, and political affairs eventually led me to a striking realization: the current debt-based fiat system is fundamentally flawed. This revelation prompted me to explore alternative avenues, including investments in gold and, since early 2013, Bitcoin. While not extensively tech-savvy, I've immersed myself in Bitcoin through dedicated study, persistent questioning, hands-on experience with ecommerce and marketing ventures, and my stint as a journalist. Writing has always been a passion of mine, and presently, I'm focused on crafting informative guides to shed light on the myriad advantages of Bitcoin, aiming to empower others to navigate the dynamic realm of digital currencies.

View all Posts by Alexander Reed

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