24 hrs. Ago
The value of bitcoin 24 hours ago
24 hrs. High
The highest value of bitcoin over the past 24 hours
24 hrs. Low
The lowest value of bitcoin over the past 24 hours
24 hrs. Change
Here you can see how much the value of bitcoin has increased or decreased over the past 24 hours.
24 hrs. Volume
The amount of bitcoin transactions over the past 24 hours in euros. Only public exchanges are taken into account here.
BTC Market Cap
The value of all bitcoin on the market combined. This number is calculated by multiplying the number of bitcoins in circulation with its current value.
The share of bitcoin in the cryptocurrency market compared to all other coins
The table below shows the 'Return On Investment' of bitcoin. The percentages indicate the return on an investment in bitcoin, measured from three different moments in time.
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Bitcoin price history
Below are the most important measures of the bitcoin price over the past six years: the highest and lowest price of each year.
|Bitcoin price||Lowest price||Date||Highest price||Date|
|2020||€ 5.409,86||18-03||€ 22.383,99||31-12|
|2017||€ 707,06||12-01||€ 16.727,68||
|2016||€ 314,69||16-01||€ 937,90||28-12|
|2015||€ 135,85||14-01||€ 426,79||18-12|
History of the bitcoin price
As you can see in the overview above, Bitcoin’s price has always fluctuated since its launch in January 2009.
At the end of 2017, bitcoin reached its all time high to date. One bitcoin was worth approximately 17,000 euros at that time.
Some facts about the bitcoin price throughout the years:
- The bitcoin price has increased enormously since its introduction in 2009. In May of 2010, an American software developer bought two pizzas for 10,000 bitcoin. We hope he enjoyed them, because those pizza’s would’ve been worth millions at today’s prices.
- In the beginning of 2013 bitcoin was valued at 25 Euros. By the time the year was up a bitcoin would have set you back a little over 1000 euros! The financial crisis of Cyprus was somewhat responsible for such price increases.
- But things turned ugly in the beginning of 2014. The market was hit hard by the bankruptcy of Mt. Gox, the first and the largest bitcoin exchange at that time.
- A year later, the leading European exchange Bitstamp was hacked and 19,000 bitcoin went missing. Negative reportings like these caused the price of bitcoin to decrease rapidly. In January 2015 the price had traced all the way back to 180 euros.
- By 2017, bitcoin fought its way back up again until it reached a price of 1,000 euros. The second half of 2017 brought immense media attention and with it came exponential growth in price. Bitcoin reached a new all-time high of 17,000 euros.
- Afterwards, the price traced back considerably, but we’ve become used to that. What will the future hold for bitcoin? Who knows!
- 2018 started off great for bitcoin, but things took a turn relatively quick; the price dropped back to 2,862 euros.
Will bitcoin stabilise?
The price of bitcoin is characterised by substantial fluctuations. This is called volatility. A frequently asked question is why the price is so volatile. To understand this, it helps to compare the total market cap of cryptocurrencies with other financial markets.
The total market value of bitcoin is approximately 60 billion dollars. The market value of the entire crypto market is roughly 120 billion dollars. While this may seem a huge amount of capital, it is actually a mere splash in the ocean. In comparison, the total market value of Apple, a single company, is five times as much: more than 600 billion dollars.
So the cryptocurrency market is still rather small. As a result, relatively small amounts of money can cause some rather serious price movements.
If you compare the cryptomarket to the entire stock market it sort of looks like the image below. The green blocks represent the crypto market, the blue blocks represent the entire stock market.
What to expect from the bitcoin price?
The person that can predict future price movements of bitcoin would be a very wealthy individual indeed- if only we had a crystal ball! We’re often asked to give some sort of prediction of what the price per bitcoin will be by a certain date in the near future. The honest truth is that we have no idea either. We’re very optimistic about the long term, that’s for sure, but to say what the price will be in three months it’s hard to predict.
What could be helpful is the ROI table you will find at the top of this page. ROI stands for Return On Investment, this indicates if the bitcoins you’ve bought gained or lost value and with which percentage. The table compares the current situation with that of one year ago, three years ago, and five years ago.
We can also say however, is that the price of bitcoin depends on multiple factors.
In the short term, media reports can be of great influence. If Twitter’s CEO were to state that he expects bitcoin to be the currency of the internet, it’s an opinion that will likely dramatically improve bitcoin’s sentiment and consequently push up the price.
On the other hand, rumours of regulation by the government can cause the price to drop. This isn’t necessary at all, since regulation can contribute to the acceptance of bitcoin. For example, regulation can inspire large investors to enter the market and encourage stores to accept bitcoin as a payment method.
However, the most important thing is that the bitcoin ecosystem keeps evolving and that it has a strong foundation. Luckily, that seems to be the case. The amount of people that use bitcoin has increased enormously, just as the amount of daily transactions. The computing power of the bitcoin network has never been so high. Developers are working concurrently around the clock and software is always being vigorously tested and improved. These trends and improvements don’t seem so spectacular on the surface and in turn don’t necessarily get the media attention they deserve, however, they are certainly the ones that matter.
Only invest an amount that you can afford to lose
Last but not least, we always recommend investing an amount of money that you can afford to lose. In our opinion, investing in bitcoin is one of the more interesting investments you can make, but equally it can be risky due to its volatile behaviour.