2024 BTC Historical Movement

This was the year Bitcoin or abbreviated as BTC encountered certain prices moments and history making move. Bitcoin started the year at around $56,000 per token and steadily rose to $74,000 on March 14, its record high. This was mainly driven by an increase in Bitcoin trading after the approval of an exchange-traded fund (ETF) at the beginning of the year. After this peak, Bitcoin went through its fourth halving on Respond: April 19 that now cuts the miner’s rewards from 6.25 BTC to 3.125 BTC per block and hence is a key driver of supply.

The price of Bitcoin changed with volatility for the whole year based on regulatory issues and macroeconomic factors. Bitcoin was trading at around $88,108 by October 2024; this indicated a strong come back and investors where expecting good things for Bitcoin. Significantly, it is important to mention that recently, on May 5, the Bitcoin network completed its one billionth transaction. There was also an influence from the political front.

Beginning November 6, which was after Donald Trump’s victory, Bitcoin apprehensively ascended towards $76,243.98. All these aforelisted events are indicative that external factors like regulatory news and market sentiment are major drivers of Bitcoin’s price variation throughout the year.

The BTC/USD has been through many fluctuations since 2010, with violently rising and falling prices. It rose from under $0.10 in 2010 on to nearly $20,000 by late of 2017 and come down again in 2018. Bitcoin is as of November 2024, $90,182.19.

In the year 2025, the drivers of growth might be the adoption of Bitcoin by institutions, definitive regulation or more use cases of Bitcoin such as the Lightning Network. Regarding price determination, the base and guest chain volume forecasts indicate multiple directions in terms of the fan parameters and macroeconomic factors, such as halving events.