By June 2011, Bitcoin’s price had hit nearly $30, a seemingly unimaginable rise from just months before. And that’s where it topped out for the year. Bitcoin spent the remainder of 2011 just dwindling to as low as $2, before finishing the year at $4.70. After this bubble burst and a more than 90 percent fall from its all-time high, it might have seemed as if the Bitcoin fad was over. In the history of cryptocurrencies, bitcoin has played a pivotal role and emerged as the major cryptocurrency, bitcoin has been part of all the speculative bubbles (crypto crashes) in 2011, 2013, 2017, and 2021. The price of bitcoin, or 1 BTC, traded at $63,292.23, as of 8 a.m. ET. The highest intraday price that the original crypto reached in the past year was $73,835.57 on March 14, 2024. It took about three years for the second-largest cryptocurrency by market cap (behind bitcoin) to retest its previous all-time high price. Between February and May 2021, eth’s price more than tripled to set a new all-time high of $4,379.
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