Bitcoin Price History by Year in INR
2010: The journey of Bitcoin began in 2010 with an almost negligible value. At the start of the year, Bitcoin was trading for less than ₹1. This year is notable for the first recorded transaction involving Bitcoin, where 10,000 BTC were used to buy two pizzas for about ₹28,000. This event highlighted Bitcoin's potential as a digital asset.
2011: In 2011, Bitcoin’s price saw its first significant rise. By June, Bitcoin's value reached approximately ₹500. This surge was due to increasing awareness and adoption. However, the price was still highly volatile, and by the end of the year, Bitcoin's value had climbed to around ₹2,500.
2012: The year 2012 marked a steady increase in Bitcoin’s value. Starting the year at around ₹3,000, Bitcoin's price rose steadily and crossed ₹10,000 by December. The gradual increase in value was driven by growing interest and acceptance among users and businesses.
2013: Bitcoin experienced a remarkable increase in 2013. In early 2013, Bitcoin was valued around ₹10,000. By November, Bitcoin's price had surged dramatically to approximately ₹80,000. This sharp rise was driven by increased media coverage and a significant influx of new investors.
2014: The year 2014 saw some stabilization after the dramatic rise of 2013. Bitcoin's value fluctuated between ₹50,000 and ₹80,000 for most of the year. By the end of 2014, the price settled around ₹70,000. The year was also marked by some regulatory scrutiny and market corrections.
2015: In 2015, Bitcoin’s price experienced a period of consolidation. Starting at around ₹70,000, Bitcoin’s price remained relatively stable, with minor fluctuations throughout the year. By December 2015, Bitcoin’s value was approximately ₹70,000, reflecting a period of steady growth and maturation.
2016: Bitcoin began 2016 with a price of approximately ₹70,000. The year witnessed gradual growth, driven by increased adoption and a positive market sentiment. By the end of 2016, Bitcoin's price had risen to about ₹90,000. The year was significant due to the Bitcoin halving event, which reduced the reward for mining new blocks.
2017: The year 2017 was transformative for Bitcoin. The price began around ₹90,000 and skyrocketed to over ₹6,00,000 by December. This dramatic increase was fueled by widespread media attention, institutional interest, and a surge in new investors entering the market.
2018: After the meteoric rise of 2017, 2018 was marked by significant volatility and a general downtrend. Bitcoin’s price started the year at around ₹6,00,000 and fell to approximately ₹3,00,000 by December. The market experienced a correction as the hype of 2017 subsided and regulatory concerns emerged.
2019: Bitcoin showed signs of recovery in 2019. Beginning the year at approximately ₹3,00,000, Bitcoin’s price increased to around ₹7,00,000 by the middle of the year. However, the year ended with Bitcoin’s price settling around ₹4,50,000. This period saw renewed interest from institutional investors and positive market sentiment.
2020: The year 2020 was pivotal for Bitcoin, with the price starting around ₹4,50,000 and ending the year at approximately ₹18,00,000. This significant increase was driven by increased institutional adoption, macroeconomic factors, and growing acceptance as a hedge against inflation.
2021: Bitcoin’s price surged to unprecedented levels in 2021. Starting the year at around ₹18,00,000, Bitcoin’s price reached an all-time high of approximately ₹50,00,000 by April. The year saw considerable volatility, with the price fluctuating between ₹20,00,000 and ₹50,00,000. Factors contributing to this surge included institutional investments and heightened interest from retail investors.
2022: Bitcoin experienced a volatile year in 2022. Beginning at around ₹50,00,000, Bitcoin’s price fluctuated significantly due to market uncertainties and regulatory news. By the end of the year, Bitcoin’s price had decreased to approximately ₹30,00,000, reflecting the broader market corrections and macroeconomic challenges.
2023: The year 2023 saw Bitcoin continuing to navigate through market fluctuations. Starting the year at approximately ₹30,00,000, Bitcoin's price showed gradual recovery and stability, ending the year around ₹35,00,000. The year was marked by cautious optimism, with a focus on regulatory developments and technological advancements.
2024: As of mid-2024, Bitcoin’s price has been fluctuating around ₹40,00,000. The market sentiment remains cautiously optimistic, with ongoing developments in blockchain technology and regulatory landscapes influencing Bitcoin’s price trajectory.
This historical overview of Bitcoin’s price in INR highlights the cryptocurrency’s volatility and growth over the years. Bitcoin’s journey from being worth less than ₹1 to reaching highs of over ₹50,00,000 underscores its transformative impact on the financial landscape and its evolving role in the global economy.
Top Comments
No Comments Yet