Bitcoin All-Time High (ATH)

Since its inception on January 3, 2009, Bitcoin’s price has constantly been on a rollercoaster. This post covers the different all-time highs (ATH) Bitcoin has reached throughout the years.

Bitcoin All-Time High Summary

Bitcoin’s all-time high price was on March 13, 2024, when it reached $73,084. At that time, there were just over 19.6 million bitcoins in circulation, bringing the market cap to around $1.35 trillion.

Here’s what I’ll cover in this post:

1. Bitcoin All-Time High Charts
2. Notable All-Time Highs
3. Frequently Asked Questions
4. Conclusion

1. Bitcoin All-Time High Charts

Bitcoin’s price is based on supply and demand. The more people are looking to buy Bitcoin, the higher the price will rise. If the majority of people lose faith in Bitcoin and start selling it, the price will drop.

The first time Bitcoin actually gained value was on October 12, 2009, when Martti Malmi, a Finnish developer who helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02. This gave 1 Bitcoin the value of $0.0009.

Since then, the price has been rollercoastering, as can be seen in the price chart below.

Bitcoin all-time high for the last 3 months

Bitcoin all-time high for the last 6 months

Bitcoin all-time high for the last year

2. Notable All-Time Highs

There have been several notable all-time highs for Bitcoin throughout its history.

March 13, 2024- $73,084

A week after the approval of the Bitcoin ETF approval, investor inflows continued into the digital asset, pushing the price to a new BTC ATH of $73, 084

March 5, 2024 – $69,324.58

In March 2024, shortly after the historic Bitcoin ETF approvals by the U.S. Securities and Exchange Commission (SEC), Bitcoin rose to another all-time high of over $69,000.

December 18, 2017 – $19,498.63

On this date, Bitcoin reached its all-time high of nearly $20,000. Due to price discrepancies between Bitcoin exchanges, some believe the ATH was over $20K, while others show it was under $20K.

This price rally is attributed mainly to speculation and the ICO craze that was going around at the time. Almost all cryptocurrencies saw a major increase in price, and Bitcoin’s dominance of the cryptocurrency market cap dropped to around 33% (in 2019, it rose back to over 65%).

November 29, 2013 – $1,242

This ATH was said to result from FOMO (fear of missing out). This is also the first time Bitcoin hit mainstream media, fueling price speculation even more. This is the first time Bitcoin broke the $1,000 mark.

April 9, 2013 – $213

This ATH was the first time Bitcoin broke the $100 mark. This rally is attributed mainly to the bail-in crisis in Cyprus where almost 50% of all Bank of Cyprus depositor funds were taken to help the country’s financial state. It is said that as a result many turned to Bitcoin as a safe haven for their money.

3. Frequently Asked Questions

4. Conclusion

Time and time again, Bitcoin continues to reach all-time highs. Many believe we are a few steps away from another new all-time high due to the Bitcoin halving and increasing investor confidence and global acceptance of the asset, while others continue to proclaim Bitcoin as dead.

What do you think about Bitcoin’s price? When will it reach its next all-time high? Let me know in the comment section below.