Cryptocurrency Q&A
How much was Bitcoin at its highest peak?
How much was Bitcoin at its highest peak?
CryptoKnight
Sun Dec 22 2024
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6 answers
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I want to know the highest price that Bitcoin has reached in the past. I'm curious about the maximum value it attained during its peak.
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6 answers
noah_smith_researcher
Tue Dec 24 2024
Multiple factors were at play in driving this significant surge.
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EthereumEmpress
Tue Dec 24 2024
One notable influence was the US presidential election, which likely injected a sense of economic uncertainty and instability, prompting investors to seek alternative assets.
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Lorenzo
Tue Dec 24 2024
Another key factor was the launch of new Bitcoin ETFs by prominent financial institutions such as BlackRock. These ETFs provided investors with easier access to Bitcoin, thereby increasing its demand.
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Arianna
Tue Dec 24 2024
Additionally, the Bitcoin halving event on April 20, 2024, played a crucial role. This event reduced the number of Bitcoins entering the market, thereby increasing their scarcity and value.
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Bianca
Tue Dec 24 2024
By 2024, Bitcoin had reached an unprecedented high price of $108,071.
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