Answer · confidence: partial
When was bitcoin created, and how did its price rise and fall before?
Research question: When was bitcoin created, and how has its price moved through its earlier boom and bust cycles?
Bitcoin's original protocol was designed in 2007, its whitepaper was released in 2008, and the network launched in 2009 2, with the genesis block mined on 3 January 2009 13. Early prices were tiny, with an October 2009 exchange rate of roughly $0.0008 8, and the price collapsed in June 2011 after a malicious trade on Mt. Gox 18 and crashed in April 2013 from $266 to around $50 6. The 2017 peak near $19,783 was followed by an roughly 84% fall to about $3,200 in December 2018 11, and the November 2021 high of $68,789 was followed by a low of $15,760 in November 2022 after the FTX collapse 31. Bitcoin first reached $100,000 in December 2024 923, and it was priced above $123,000 on 14 July 2025 30; the records do not cover prices after that date, so the newest fact is more than a year old as of October 2026 30.
Checked 2026-10-18. Only documented and supported facts are used.
Dig deeper on this questionSources
[1] supported
Bitcoin had its worst year in history in 2018, with its price falling more than 70% from its opening price that year.
"In 2018, Bitcoin reported its worst year in history with depreciation of more than 70% from its year opening price."Is Bitcoin Reminiscent of Past Bubbles (2019)
[2] supported
Bitcoin's original protocol was designed in 2007, its whitepaper was released in 2008, and the network was launched in 2009 by the pseudonymous Satoshi Nakamoto.
""Satoshi Nakamoto" is presumed to be a pseudonym for the person or people who designed the original bitcoin protocol in 2007 then released the whitepaper in 2008 and finally launched the network in 2009."History of bitcoin
[3] supported
Bitcoin, an open-source decentralized peer-to-peer payment system, rose to widespread notoriety over the decade before the paper was written.
"Bitcoin, an open-source decentralized peer-to-peer payment system, has made an unprecedented rise to notoriety in the last decade."Is Bitcoin Reminiscent of Past Bubbles (2019)
[4] supported
The first bitcoin transaction took place in January 2009, when Hal Finney received 10 bitcoins from Nakamoto in block 170.
"Finney downloaded the bitcoin software the day it was released, and received 10 bitcoins from Nakamoto in the world's first bitcoin transaction on 12 January 2009 (block 170)."History of bitcoin
[5] supported
The paper reports empirical evidence of bubbles in Bitcoin and Ethereum prices.
"Empirically, we present robustified evidence of bubbles in Bitcoin and Ethereum."Booms, busts and heavy-tails: The story of Bitcoin and cryptocurrency markets? (2018)
[6] supported
In early April 2013, the bitcoin price crashed from $266 to around $50 before rebounding to around $100.
"In early April 2013, the price per bitcoin dropped from $266 to around $50 and then rose to around $100."History of bitcoin
[7] supported
According to the paper, dramatic booms and busts in Bitcoin and cryptocurrency markets can occur even without bubbles, and liquidity risks may generate the heavy tails behind them.
"Even in the absence of bubbles dramatic booms and busts can occur."Booms, busts and heavy-tails: The story of Bitcoin and cryptocurrency markets? (2018)
[8] supported
Bitcoin's earliest recorded exchange rate, from October 2009, valued one bitcoin at roughly $0.0008.
"Its earliest recorded exchange rate, in October 2009, valued one bitcoin at roughly $0.0008."Bitcoin Price History: Charts, Trends, and Analysis
[9] supported
Bitcoin reached $1, $1,000, $10,000, and $100,000 for the first time in 2011, 2013, 2017, and December 2024, respectively.
"Bitcoin first reached $1 in February 2011, $1,000 in late 2013, $10,000 in 2017, and $100,000 in December 2024."Bitcoin Price History: Charts, Trends, and Analysis
[10] supported
Bitcoin hit an all-time high of $64,800 in April 2021, then fell to $30,000 in May 2021 after reports about Tesla's holdings and Chinese crackdown rules.
"The all-time high price of $64,800 was reached on April 14, 2021."History of bitcoin
[11] supported
Bitcoin peaked near $19,783 in December 2017, then fell about 84% to a bottom near $3,200 in December 2018, a period known as crypto winter.
"bottoming near $3,200 in December 2018, about 84% below the peak. The period earned the name that stuck: crypto winter."Bitcoin Price History: Charts, Trends, and Analysis
[12] supported
The first bitcoin halving on November 28, 2012 cut the block reward from 50 BTC to 25 BTC, testing the fixed supply schedule.
"on November 28, 2012, the first halving cut the block reward from 50 BTC to 25 BTC, the first real-world test of bitcoin's fixed supply schedule."Bitcoin Price History: Charts, Trends, and Analysis
[13] supported
The bitcoin network was created on 3 January 2009, when Nakamoto mined the genesis block, the starting block of the chain.
"On 3 January 2009, the bitcoin network was created when Nakamoto mined the starting block of the chain, known as the genesis block"Bitcoin
[14] supported
Mt. Gox's parent company, TIBANNE, was established in 2009 and was registered with the Tokyo Chamber of Commerce and Industry.
"2009年に設立、 東京商工会議所 に登録している [ 56 ] 。"マウントゴックス
[15] supported
In April 2013, the Mt. Gox exchange handled about 70% of all bitcoin trading worldwide and became the largest bitcoin exchange in the world.
"マウントゴックスは、2013年4月には全世界のビットコインの取引量の約7割を取り扱う世界最大のビットコイン取引所となったが"マルク・カルプレス
[16] supported
Exchange trading operations were run by TIBANNE until they were transferred to Mt. Gox in April 2012.
"交換所の取引仲介業務は2012年4月にMTGOXに移管されるまで、同社の親会社で同じく東京都渋谷区にある 株式会社TIBANNE （ティバン）という企業が行っていた"マウントゴックス
[17] supported
By November 2013, reports said Mt. Gox was delaying bitcoin withdrawals, an early sign of its trouble.
"同年11月にはマウントゴックスによるビットコインの払い戻しの遅延が報じられていた"マルク・カルプレス
[18] supported
In June 2011, bitcoin's price collapsed after a malicious trade on the Mt. Gox exchange, a sell-off the exchange had to scramble to contain.
"Bitcoin collapses on malicious trade – Mt Gox scrambling to raise the Titanic"マウントゴックス
[19] supported
Chinese renminbi made up a shrinking share of bitcoin trading, falling from over 90% in September 2017 to less than 1% in June 2018.
"The percentage of bitcoin trading in the Chinese renminbi fell from over 90% in September 2017 to less than 1% in June 2018."Bitcoin
[20] supported
After the February 2014 bitcoin disappearance incident, Mt. Gox halted bitcoin withdrawals and later filed for civil rehabilitation, leading to its collapse.
"2014年2月ビットコイン消失事件が発生し、マウントゴックスはビットコインの払い戻しを停止"マルク・カルプレス
[21] supported
In March 2013, a major glitch in the Bitcoin network sparked a sell-off that temporarily knocked the price down 23%.
"Major glitch in Bitcoin network sparks sell-off; price temporarily falls 23%"マウントゴックス
[22] supported
During 2018, bitcoin prices were negatively affected by several hacks or thefts from cryptocurrency exchanges.
"During the same year, bitcoin prices were negatively affected by several hacks or thefts from cryptocurrency exchanges."Bitcoin
[23] supported
Bitcoin's price reached $100,000 for the first time in December 2024, after Donald Trump, as president-elect, promised to make the US the 'crypto capital of the planet'.
"In December 2024, bitcoin price reached $100,000 for the first time, as US president-elect Donald Trump promised to make the US the "crypto capital of the planet" and to stockpile bitcoin."Bitcoin
[24] supported
Work on bitcoin's code began in the second quarter of 2007, according to Nakamoto.
"Nakamoto said that the work of writing bitcoin 's code began in the second quarter of 2007."Satoshi Nakamoto
[25] supported
After El Salvador made bitcoin legal tender in September 2021, the bitcoin price fell worldwide, and on May 9, 2022 the government announced it had bought 500 BTC at an average price of 30,744 dollars.
"その後、ビットコインの価格は世界的に下落したが、エルサルバドルの ナジブ・ブケレ 大統領は2022年5月9日、ツイッターで「国が500BTCのビットコインを取得平均価格30,744で押し目買い（ディップ買い）した」と公表"暗号資産
[26] supported
Nakamoto published the bitcoin white paper, titled "Bitcoin: A Peer-to-Peer Electronic Cash System", on a cryptography mailing list.
"On 31 October, Nakamoto published a white paper on the cryptography mailing list at metzdowd.com describing a digital cryptocurrency , titled "Bitcoin: A Peer-to-Peer Electronic Cash System"."Satoshi Nakamoto
[27] supported
El Salvador's government disclosed on June 30, 2022 that it had bought 80 more BTC at about 19,000 dollars each, during the price decline.
"2022年6月30日に、エルサルバドル政府がビットコインを1万9000ドルで80BTC追加購入したことを明らかにした"暗号資産
[28] supported
Nakamoto released bitcoin software version 0.1 and launched the network by defining the genesis block, which carried a reward of 50 bitcoins.
"On 9 January 2009, Nakamoto released version 0.1 of the bitcoin software on SourceForge and launched the network by defining the genesis block of bitcoin (block number 0), which had a reward of 50 bitcoins."Satoshi Nakamoto
[29] supported
The prolonged slump in bitcoin and other crypto prices in 2022 hurt crypto mining companies, many of which had borrowed against their mining equipment.
"しかし、2022年のビットコインなどの暗号資産価格の長期低迷は暗号資産のマイニング企業に打撃を与えている"暗号資産
[30] supported
As of 14 July 2025, one bitcoin was priced at more than $123,000.
"As of 14 July 2025, their price was more than $123,000 each"Satoshi Nakamoto
[31] supported
Bitcoin reached its all-time high of $68,789 in November 2021 and then fell to a bear market low of $15,760 in November 2022 after the FTX collapse.
"FTX collapse; bear market low $15,760"Bitcoin Price History 2009-2026 — All-Time Highs, Crashes, and Halving ...
[32] supported
Bitcoin has recovered to new all-time highs after each major crash, though recovery took between 1 and 4 years.
"Bitcoin has recovered to new all-time highs after each of these crashes, though recovery timelines have ranged from 1 to 4 years."Bitcoin Price History 2009-2026 — All-Time Highs, Crashes, and Halving ...