Despite the common fluctuations in price, Bitcoin‘S performance Throughout 2019 it was somewhat unremarkable.
We have taken a closer look at cryptocurrency‘S price movements, focusing specifically on your performance during the fourth quarter of 2019.
But first, let’s recap briefly Bitcoin‘S performance during the first nine months of the year.
Bitcoin BTC remained relatively stable from January to March 2019.
He started the year at $ 3,717 and a brief 9 percent increase in his Commerce price I saw him overcome the $ 4,000 barrier during the first week of January.
Ascending trend It was short lived, however. Within a month, it is price fell to a minimum of $ 3,358 on February 7.
Since then, Bitcoin it showed some relative stability, but experienced a notable fall at the end of February, where its Commerce value fell 8 percent from $ 4,106 su, its largest price during Q1 — at $ 3,784 over a 24 hour period.
By march, Bitcoin he had almost matched his quarter height and closed Commerce at $ 4,092, which represents a modest 10 percent increase For him trimester.
The second quarter of 2019 turned out to be much more fruitful for investors and hodlers.
Bitcoin opened in April to $ 4,125, marking the beginning of a three month periodlong meeting.
About Q2, Bitcoin set numerous records to reach prices that had not been seen in the last 12 months.
In the middle of summer, in July, Bitcoin opened above the $ 10,000 mark, reaching $ 10,442.80 on the first day of the month. Then it went on to exceed $ 11,000 within the first two weeks of the trimester.
the trimesterHighest s highest value was hit early Augustwhen the digital currency exceeded $ 11,000, Commerce to $ 11,815.04 in August 7)
However, a week later, on August 14, Bitcoin’S Commerce price It decreased by 14 percent, stabilizing at $ 10,137.88.
The month of August ended up with Bitcoin It trades well below $ 10,000 and costs only $ 9,462.50 on August 31.
Bitcoin began trading at $ 9,603.10 on September 1, increasing by 7 percent and reaching $ 10,363.03 the next day.
the digital currency It was around the $ 10,000 mark for most of the month, until it fell to $ 9931.40 on September 21 and continued to plummet for the next three days, leaving it at $ 8,549.93 on September 24. Your lowest level value for the third quarter it was reached on September 29 when it was quoted at $ 7,994.55.
Bitcoin fourth quarter performance
October saw Bitcoin trade in prices invisible since the previous month of June.
It was around $ 8,343.93 before falling 5 percent to $ 7879.23 on October 6. Then he recovered slightly, reaching $ 8195.13 the next day.
The biggest fall occurred on October 24, when the cryptocurrency It plummeted to $ 7421.20.
Three days later, on October 27, Bitcoin would gain momentum to reach both the month and the trimesterIt is high at $ 9595.34.
By October 31, the cryptocurrency It was priced at $ 9160.55.
Bitcoin It remained relatively stable during the first days of November 2019, keeping around $ 9,100.
He jumped to $ 9,396.19 on November 4 before dropping dramatically to $ 8,771.30 on November 9.
Then things went from bad to worse. November 10 Bitcoin It was quoted for $ 9,009.69 a currency but it began to fall in the following days and weeks, reaching $ 7,026.83 on November 24.
the cryptocurrency It remained well below the $ 8,000 mark for the rest of the month, ending at $ 7,528.47 on November 30.
December 1 Bitcoin He was sitting at $ 7,265.69 and remained above the $ 7,000 mark during the first half of the month.
the cryptocurrency It experienced some of a rebound in the middle of the month, reaching $ 6,861.92 on December 16 and reaching $ 7,252.71 on December 18.
Bitcoin peaked on December 23, trading at $ 7,580.20 at currency.
Then the month ended on December 31, around $ 7,100.
T4 2018 vs T4 2019
Bitcoin price It was definitely higher during the fourth quarter of 2019 than in the third quarter of the previous year.
October 2018 Bitcoin It was priced below $ 7,000, standing at approximately the $ 6,500 mark.
the cryptocurrency‘S performance followed the same line throughout the following month. It peaked momentarily during the first week of November, going slightly above $ 6,500 before falling by more than $ 1,000 and reaching above $ 5,500 on November 18.
Bitcoin It continued to fall ending the month well below $ 4,000.
At the beginning of December 2018, Bitcoin It was close to $ 4,200 and remained below $ 4,000 for the rest of the month.
Big events during the fourth quarter of 2019
In early October, Russia reportedly promulgated a new “digital rights law ”that defines smart contracts and cryptocurrency chips Although the country has not yet fully embraced cryptocurrency, this was largely perceived as a step towards the potential regulation of the space.
Several days later, Bitcoin done Headlines by association after the German police ran a high-tech raid on a data Processing center installed in a former NATO bunker. The bunker supposedly housed Dark Websites to deal with images of drugs and child abuse.
Ohio, the first WE state to accept Bitcoin for taxes, he suspended his cryptocurrency payment system, which means that companies can no longer pay digital goods.
Europol said Bitcoin he was still very much dark web‘S Favourite cryptocurrency But he pointed out that those who sought to cover their tracks were slowly learning to use privacy-focused alternatives.
The authorities accused a 23-year-old boy South Korean man directing the “greatest in the world kid sexual exploitation market“, Which allegedly processed 7,300 Bitcoin proceedings worth more than $ 730,000.
Cumulative Bitcoin transaction fees exceeded the $ 1 billion milestone in mid-October.
Bitcoin-hungry hackers gave the city of Johannesburg three days to pay more than $ 30,000 in cryptocurrency.
Finally, a report of marketing analysis SEMRush Firm affirmed Bitcoin it was the third most popular method for online Payments in Italy, beating payment processor PayPal and the Italian prepaid card provider PostePay.
Looking to the future
It is never easy to predict Bitcoin‘S price movements but the cryptocurrency It has been moving upwards so far this year.
Having landed in January above the $ 7,100 mark, Bitcoin It has remained relatively stable, staying primarily above $ 7,000 but well below $ 8,500.
While these values They are not necessarily encouraging, especially if we look back in January 2018, when a coin was priced at more than $ 13,343.71, they are a significant improvement compared to Bitcoin‘slowly price from $ 3,000- $ 4,000 this time last year.
This publication is presented by eToro. eToro is a multi-asset platform that offers investments in both stocks and cryptocurrencies, as well as in CFD asset trading.
Keep in mind that CFDs are complex instruments and carry a high risk of losing money quickly due to leverage. 65% of retail investor accounts lose money when they exchange CFD with this provider. You should consider if you understand how CFDs work and if you can afford to lose your money.
Cryptocurrencies can fluctuate widely in price and, therefore, are not appropriate for all investors. The cryptocurrency trade is not supervised by any EU regulatory framework.
Past performance is not an indication of future results. This is not an investment advice. Your capital is at risk.
Posted on January 14, 2020 – 11:50 UTC