Bitcoin Price History by Year in INR
Bitcoin Price History Overview
Bitcoin's journey began in 2009 when it was introduced by an anonymous entity known as Satoshi Nakamoto. Initially, Bitcoin was not traded on any exchanges and had no official price. The first recorded Bitcoin transaction took place in 2010, marking the beginning of its price history.
2010
In 2010, Bitcoin was a relatively unknown asset. The first known transaction was made when 10,000 BTC were used to purchase two pizzas, valued at approximately $25. The price of Bitcoin during 2010 fluctuated from less than $0.01 to around $0.08 per BTC. In INR, this was equivalent to about ₹0.50 to ₹4.00.
2011
The year 2011 saw Bitcoin’s price rising from around $0.30 in January to a peak of approximately $31 in June. By the end of 2011, the price had settled around $4, which translates to roughly ₹160 in INR. This year marked the beginning of Bitcoin’s mainstream attention, though it was still considered highly speculative.
2012
In 2012, Bitcoin began gaining traction, with its price rising steadily throughout the year. Starting at around $5 in January, it surged to approximately $13 by December. In INR, the price ranged from about ₹250 to ₹700. This year was notable for the second Bitcoin halving event, which reduced the reward for mining a block from 50 BTC to 25 BTC.
2013
2013 was a pivotal year for Bitcoin. It saw its price rise significantly, driven by growing interest and adoption. Bitcoin’s price began the year at around $13 and skyrocketed to over $1,000 by November. In INR, this was approximately ₹700 to ₹60,000. The dramatic increase was attributed to factors such as economic instability in Cyprus and growing media attention.
2014
The year 2014 was marked by significant volatility. Bitcoin’s price started at around $800 and fell to approximately $300 by the end of the year. In INR, this translated to a range of ₹45,000 to ₹18,000. This period saw the collapse of the Mt. Gox exchange, which had a major impact on Bitcoin’s price and credibility.
2015
In 2015, Bitcoin began to recover from the previous year’s lows. The price rose from about $300 in January to around $500 by December. In INR, this was approximately ₹18,000 to ₹30,000. The year was characterized by a gradual increase in adoption and infrastructure development, including the launch of various new exchanges and wallet services.
2016
The price of Bitcoin in 2016 saw a steady increase. Starting at around $430 in January, it ended the year at approximately $960. In INR, the price ranged from about ₹28,000 to ₹64,000. The year was notable for the third Bitcoin halving event, which reduced the mining reward from 25 BTC to 12.5 BTC.
2017
2017 was a landmark year for Bitcoin, marked by unprecedented growth. The price began the year at around $1,000 and surged to nearly $20,000 by December. In INR, this was equivalent to approximately ₹65,000 to ₹1.3 million. The meteoric rise was fueled by increased public interest, institutional investment, and speculation.
2018
Following the highs of 2017, 2018 was a year of correction for Bitcoin. The price fell from around $13,000 in January to approximately $3,700 by December. In INR, this was roughly ₹850,000 to ₹250,000. The decline was attributed to a market correction, regulatory concerns, and a slowdown in institutional investments.
2019
Bitcoin began to recover in 2019. The price rose from around $3,700 in January to about $7,200 by December. In INR, this translated to approximately ₹250,000 to ₹500,000. The year saw renewed interest from institutional investors and the growth of decentralized finance (DeFi) projects.
2020
The year 2020 was marked by significant growth due to increased institutional adoption and macroeconomic factors like the COVID-19 pandemic. Bitcoin’s price started at around $7,200 and surged to over $29,000 by December. In INR, this ranged from ₹500,000 to ₹2.2 million. The year saw major companies like MicroStrategy and Tesla investing in Bitcoin, boosting its price and legitimacy.
2021
In 2021, Bitcoin reached new all-time highs. The price began the year at around $29,000 and peaked at approximately $64,000 in April, before fluctuating to around $47,000 by December. In INR, this was approximately ₹2.2 million to ₹5.5 million. The year was characterized by the launch of Bitcoin futures contracts on mainstream exchanges and increased institutional participation.
2022
2022 saw Bitcoin experiencing significant volatility. The price fluctuated between approximately $16,000 and $50,000 throughout the year. In INR, this was roughly ₹1.3 million to ₹4 million. The year was marked by macroeconomic factors, including inflation concerns and geopolitical tensions, impacting Bitcoin’s price.
2023
Bitcoin continued to experience fluctuations in 2023. The price ranged from about $20,000 to $45,000. In INR, this was approximately ₹1.7 million to ₹3.7 million. The year saw ongoing debates about regulatory frameworks and technological advancements, influencing Bitcoin’s market behavior.
2024
As of mid-2024, Bitcoin’s price has been relatively stable, ranging between $25,000 and $40,000. In INR, this translates to approximately ₹2 million to ₹3.3 million. The market is currently focused on potential regulatory changes and technological developments such as the integration of Bitcoin in various financial systems.
Conclusion
Bitcoin's price history reflects its journey from a niche digital asset to a significant player in global finance. Each year has brought new challenges and milestones, influencing its valuation in INR. Understanding this history helps investors and enthusiasts grasp the dynamic nature of Bitcoin and its role in the broader financial landscape.
Price History Summary Table
| Year | Start Price (USD) | End Price (USD) | Price Range (INR) |
|---|---|---|---|
| 2010 | $0.01 | $0.08 | ₹0.50 - ₹4.00 |
| 2011 | $0.30 | $4.00 | ₹16.00 - ₹160.00 |
| 2012 | $5.00 | $13.00 | ₹250.00 - ₹700.00 |
| 2013 | $13.00 | $1,000.00 | ₹700.00 - ₹60,000.00 |
| 2014 | $800.00 | $300.00 | ₹45,000.00 - ₹18,000.00 |
| 2015 | $300.00 | $500.00 | ₹18,000.00 - ₹30,000.00 |
| 2016 | $430.00 | $960.00 | ₹28,000.00 - ₹64,000.00 |
| 2017 | $1,000.00 | $20,000.00 | ₹65,000.00 - ₹1.3 million |
| 2018 | $13,000.00 | $3,700.00 | ₹850,000.00 - ₹250,000.00 |
| 2019 | $3,700.00 | $7,200.00 | ₹250,000.00 - ₹500,000.00 |
| 2020 | $7,200.00 | $29,000.00 | ₹500,000.00 - ₹2.2 million |
| 2021 | $29,000.00 | $64,000.00 | ₹2.2 million - ₹5.5 million |
| 2022 | $16,000.00 | $50,000.00 | ₹1.3 million - ₹4 million |
| 2023 | $20,000.00 | $45,000.00 | ₹1.7 million - ₹3.7 million |
| 2024 | $25,000.00 | $40,000.00 | ₹2 million - ₹3.3 million |
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