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Bitcoin Annual Review – 2019

It is easy to forget that Bitcoin did not perform that badly this year. The second half of 2019 was bearish, but not the first half. In reality, Bitcoin has risen from USD 3,740 on New Year’s Eve 2018 to currently USD 7,480, which is a 100% increase in value.

Source: CoinMarketCap

In fact, Bitcoin began to crawl out of a long bear market at the beginning of 2019, with the bear market bottoming out at USD 3,200 just a few weeks before New Year’s Eve 2019. Bitcoin then remained volatile and flat until early February, only at the end of March did Bitcoin slowly begin to emerge and reach USD 4,000.

Things then became exciting in April and May, when Bitcoin rose to USD 8,500. In late June and early July, Bitcoin then shot up to $13,800.

Since then, the Bitcoin market has felt somewhat bearish and is in a persistent decline. However, after a low of USD 6,500 in mid-December, Bitcoin has risen again to USD 7,200, which raises hopes of a bottom and a renewed rise next year.