Since the birth of Bitcoin in 2009, its price trajectory has been like a thrilling roller coaster ride. Evolving from an overlooked "geek toy" to a global phenomenon known as "digital gold," Bitcoin has not only ignited the enthusiasm of investors but has also sparked a revolution in the global financial sector. Over the past decade, Bitcoin's candlestick chart—those red and green intertwined candles—has faithfully recorded every surge and trough, visually showcasing the fluctuations of opening price, closing price, highest price, and lowest price, becoming a key to wealth in the eyes of countless individuals. Today, we will traverse the 16-year price legend, reviewing how Bitcoin rose from zero to its peak.
2009-2025 Bitcoin Price Milestones: A Grand Journey#
The 16 years of Bitcoin represent an epic filled with drama. Here is a complete review of its key milestones and price turning points:
Early Exploration (2009-2012)#
- February 9, 2011: Bitcoin first crossed the $1 threshold. Transitioning from a few cents as an "experiment" into the dollar era marked the beginning of cryptocurrency's wildfire spread.
- November 28, 2012: Bitcoin experienced its first "halving." The block reward dropped from 50 to 25 coins, and scarcity boosted market enthusiasm, leading to a price increase.
Rise and Turbulence (2013-2016)#
- December 1, 2013: Bitcoin soared to a historic high of $1,150. This surge made the world take notice of its potential and laid the groundwork for subsequent frenzy.
- April 11, 2014: The price fell to $314, the market bubble burst, and high volatility left investors shaken.
- August 25, 2015: Dropping below $200, a six-month low spread pessimism in the market, with many believing Bitcoin had perished.
- July 9, 2016: The second halving occurred, reducing the block reward to 12.5 coins. Prices fluctuated sharply, but market confidence gradually restored.
- September 2, 2016: Total trading volume surpassed $100 billion, shocking the world with Bitcoin's scale expansion.
Madness and Awakening (2017-2019)#
- January 2, 2017: The price returned to $1,000, and Microsoft announced support for Bitcoin payments, further legitimizing it.
- October 13, 2017: Surpassing the $5,000 mark, investors flocked in, and media coverage surged.
- December 18, 2017: The price approached $20,000, with CME launching Bitcoin futures, marking the official entry of institutional funds and pushing the market into a heated phase.
- August 8, 2018: The SEC delayed the approval decision for the VanEck Bitcoin ETF, causing the price to drop below $6,700, signaling the initial signs of bubble cooling.
- June 22, 2019: The price rebounded to $10,000, with resilient vitality reigniting hope in the market.
Mainstreaming and Turbulence (2020-2022)#
- January 8, 2021: First breaking the $40,000 mark, institutional investors like MicroStrategy made significant purchases, fueling the rise.
- April 14, 2021: The price broke through $60,000, with Tesla announcing a $1.5 billion investment in Bitcoin, crowning it as a mainstream asset.
- May 2021: China intensified cryptocurrency regulations, closing mines and restricting trading, causing prices to plummet to around $30,000, spreading panic in the market.
- August 2021: El Salvador announced Bitcoin as legal tender, attracting global attention and leading to a gradual price rebound.
- November 2021: A historic high of $68,000 was reached, driven by a frenzy of institutional and retail investors.
- May 2022: With the Federal Reserve raising interest rates and global economic tightening, the crypto market faced a winter, with Bitcoin dropping to around $20,000, undermining investor confidence.
Rebirth and Resilience (2023-2025)#
- March 2023: Amid global economic gloom, Bitcoin revived amidst fluctuations, with prices rising above $30,000 as institutions re-bet on its safe-haven value.
- October 2023: Bitcoin ETF approved in the U.S. (hypothetical event), market sentiment soared, and prices broke through $50,000, marking a reconciliation between regulation and the market.
- May 2024: After the third halving (occurring in April 2024), the block reward dropped to 6.25 coins, with reduced supply coupled with increased demand, pushing prices up to $70,000 (hypothetical trend).
- November 2024: Global central banks exploring digital currencies brought Bitcoin into focus as a "decentralized benchmark," with prices nearing $80,000 (hypothetical trend).
- April 2025: As of now (hypothetical prediction), Bitcoin stabilizes in the $75,000-$80,000 range, with reduced volatility, gradually being viewed as a mature asset.
Key to Wealth or Mirror of the Market?#
Bitcoin's candlestick chart is not just a pile of numbers; it serves as a mirror reflecting the market's greed, fear, and hope. For short-term traders, each candlestick is a clue to buy and sell signals, precisely capturing trend reversals; for long-term investors, it acts as a barometer of policy direction, technological iteration, and market maturity.
Through 16 years of candlestick charts, we can glimpse Bitcoin's cyclical patterns: the upward window after halving, the dramatic fluctuations triggered by major events, and the cycle of market sentiment from frenzy to calm. These patterns are not only a "treasure map" for investment but also the key to understanding the essence of the crypto market. Whether you are a novice or a veteran, the candlestick chart offers you the possibility of insight into the future—provided you dare to bet on this digital frenzy.
From $1 to $100,000 and then to $80,000, Bitcoin has written a legend of moving from the margins to the center over 16 years. Its candlestick chart not only records price fluctuations but also carries the dreams and disappointments of countless individuals.
Will Bitcoin continue to race forward in 2025? Perhaps the answer lies between the red and green of the next candlestick. Are you ready to embrace this adventure?
Solving the Issue of Accessing OKX Exchange from Within the Country#
Many exchanges' original domain names may be on a restricted list, or their overseas servers may affect access speed. For ordinary users, this situation often leaves them at a loss, even doubting the exchange's functionality. In reality, this is more due to the network environment rather than a disruption in platform services. To address this issue, exchanges like OKX and Binance typically update backup domain names regularly to ensure users can access the official website through alternative addresses.
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- OKX backup domain Overseas OKX - Need to use VPN or Alternative link
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- Binance backup domain Binance
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- Gate backup domain Gate.io (Gate)
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