The troublesome 2018 has come to an end and now we are kicking off with the new year. A fresh year, a fresh start I suppose?
But let’s have a recap of all that Bitcoin went through over this year. It’ll be slightly long but bar with us.
Here’s a month by month break down.
The year kicked off on a positive note. The first ten days we saw Bitcoin in recovery mode from hitting its peak in the past year. On the last new year, it jumped to $13,000 and $14,000 and slowly started creeping up to a $15,000. Things seemed hopeful and many of us thought that Bitcoin is back on track.
After hitting $17,000, when most of our hope was restored, this is when everything started going downhill. From this, the price came down crashing to a $9,500 all throughout January. Eventually, it tried climbing its way up to an $11,000 but that too didn’t last for long.
This month was quite unexpected Bitcoin was all over the place. There was no stability and nothing seemed promised. If we look at the first ten days, the Bitcoin was at $10,000 and then it kept sinking down till it reached $6,200. This price threw most of the investor off rails and crypto world was now in chaos.
It doesn’t end here because it spiked up again to a $10,000 mark by the 10th. Yet another ray of hope only to be trampled again. From $11,000 to a $9,000.
March saw Bitcoin’s final move and moved back up to $10,000.
By the fourth month, we hoped that Bitcoin would finally be back on its game. Till now the reality hadn’t kicked in and everyone was in denial.
Although there was no massive progress we witnessed stability. The price kept bouncing between $6,00 and $7,000. Until the massive surge for a couple of hours but that wasn’t enough to pull back Bitcoin.
After the tough bull-run, the price slowly plummeted to a $6,000 however, we weren’t aware that this price would stick.
Another joyous day in the gloomy circle of Bitcoin. The misery days had certainly taken a toll on the investors. On the 17th of July, the prayers were answered and Bitcoin surged in under a day to the $7,3000 region. It peaked for the first time properly during this year on 25th of July when the price of Bitcoin hit an $8,000.
The start of August seemed to promise a few things due to ETF but no huge announcements surfaced so the huge speculation was sadly short-lived.
They continued to postpone the deadline for the announcements and that let the community down in October as well.
The horror of Halloween trickled down into the month of November. We got a late trick rather than the treat in the crypto-space.
Remember, remember, the 12th of November.
(for the crypto world)
Everyone would have this date embedded in their minds because this was an unfortunate day when Bitcoin’s price came down by 50 percent. $6,400 to a crippling $3,600.
It truly knocked the wind out of most users.
This month the price kept juggling between $3,000 and $4,000 and this is how the year came to an end.
For now little can be said what the new year has in store for us. After such a turbulent and topsy-turvy year, nothing can be said with surety. However one thing is for sure, we are not going anywhere.
Till then hold on, sit tight for whatever this year throws at us.