PYMNTS-MonitorEdge-May-2024

Bitcoin’s 2016 Price Trends: Highs And Lows

Compared to 2015, bitcoin has had a stellar 2016.

But when it comes to bitcoin’s price, it’s all relative.

So before the bitcoin community gets out the party hats to celebrate the $600 mark that bitcoin is inching toward, it’s worth taking a look at the bitcoin price trends over the last three years.

What the results show is that bitcoin is:

1) Nowhere near its Nov. 2013 peak of over $1,200.

And…

2) Bitcoin is a very volatile currency.

So will bitcoin top that $600 mark? We’ll have to wait and see. But until then, here’s a little snapshot of bitcoin’s price trends to show the relative fluctuation over time – from both the highest and lowest points – since the start of 2013.

PYMNTS-MonitorEdge-May-2024