Historical Events That Affected Bitcoin Price

By: Nikhil Pandey Image: Unsplash [{ "selector": ".natkd-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".egjnc-a", "duration": "1000ms", "fill": "forwards", "delay": "1000ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".nxkml-a", "duration": "1000ms", "fill": "forwards", "delay": "2000ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".eatxa-a", "duration": "1000ms", "fill": "forwards", "delay": "2000ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".zqaag-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }]

Genesis block creation (2009) marked Bitcoin's birth, starting its journey as the world's first cryptocurrency slowly

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Early adopter purchases (2010) showed Bitcoin's utility, like Laszlo Hanyecz buying pizzas for 10,000 BTC famously

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Mt Gox hack (2011) shook confidence, stealing 850,000 bitcoins and causing a price downturn rapidly

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Silk Road shutdown (2013) removed a major Bitcoin demand source, leading to short-term price decline amid uncertainty

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Bitcoin's first bull run (2013) soared past $1,000, fueled by awareness and speculative trading activity strongly

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China banned Bitcoin exchanges (2017), triggering a sell-off amid regulatory concerns and market manipulation fears

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Bitcoin's bull run (2020-2021) reached new highs above $60,000, driven by institutional adoption and mainstream acceptance

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Tesla's Bitcoin investment (2021) bolstered legitimacy, purchasing $1.5 billion worth and accepting crypto payments

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Bitcoin ETF Launch (2024) marked mainstream adoption, providing regulated investment options and legitimizing Bitcoin's status

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Crossing $100,000 (Dec 2024) followed crypto-friendly US election wins, with strategic reserve interests expressed

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