2013 Bitcoin

Bitcoin Price in 2013: $13- $1,100 Starting at $13 in the beginning of the year, the price of Bitcoin rose to almost $250 in April before correcting downward over 50%. The price consolidated for about six months until another historic rally in November and December of that year, when the price peaked out at $1,100.

For the first time, 2013 was hailed the year of bitcoin. It went on the following month to hit a new high of $1242 per coin due to increased demand from consumers in China until the Chinese Government finally decided that enough was enough and stepped in, barring all banks from handling bitcoin transactions.

Bitcoin, the world’s first and most-popular cryptocurrency, reached a new all-time high over $68,000 on Nov. 10. Bitcoin’s previous record high came in October, when it nearly hit $67,000.

In April 2013, Bitcoin became a victim of its own success as investors piled on to the exciting new opportunity that was buzzing in the mainstream media. Trading was so intense that Mt. Gox couldn’t handle the volume, and when it crashed, hackers attacked the vulnerability . It forced Mt.