{"id":407475,"date":"2019-12-16T19:02:07","date_gmt":"2019-12-16T19:02:07","guid":{"rendered":"https:\/\/uniquehot.com\/?p=407475"},"modified":"2019-12-16T17:07:23","modified_gmt":"2019-12-16T17:07:23","slug":"20k-day-a-look-back-at-bitcoins-two-year-rise-and-fall","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/20k-day-a-look-back-at-bitcoins-two-year-rise-and-fall\/","title":{"rendered":"$20K Day: A Look Back At Bitcoin\u2019s Two-Year Rise and Fall"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">It was two years ago today, that <a href=\"\/tag\/bitcoin-price\" rel=\"nofollow\">Bitcoin price<\/a> reached its all-time high value of $20,000, and just one year ago that it reached its current bear market low of $3,100.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">On such a significant day, we\u2019re reflecting on all of the ups and downs the first-ever cryptocurrency has experienced since.<\/span><\/p>\n<h2>On This Day Two Years Ago: Bitcoin Reaches ATH of $20,000<\/h2>\n<p class=\"p1\"><span class=\"s1\">2017 was the year of <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> and cryptocurrency. The leading cryptocurrency by market cap started off the year at under $1,000, and by December 16, 2017, had exploded in value by a factor of over 20 times.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/12\/06\/decision-time-for-future-of-bitcoin-as-crypto-teeters-on-bear-bull-edge\/\">Decision Time For Future Of Bitcoin As Crypto Teeters On Bear-Bull Edge<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">The crypto asset had become the talk of the mainstream public by <a href=\"https:\/\/uniquehot.com\/2019\/11\/28\/should-bitcoin-investors-be-thankful-its-thanksgiving\/\">Thanksgiving<\/a> of that year when the asset had been trading just under $10,000. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">After $10,000 was broken, extreme FOMO set in an in less than one month\u2019s time the crypto asset had doubled in value leading up to the launch of the first-ever Bitcoin futures trading on CBOE on December 10, 2017.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The crypto asset\u2019s highly-publicized, parabolic bull run later climaxed the following week as it reached $20,000 on December 16, 2017, and the market has never been the same since.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">After that moment, the entire crypto market fell into a downtrend, wiping out most of the gains the market stacked up during the bull market. Many altcoins popular then, are now down as much as 99%. Even Bitcoin itself fell as much as over 80% from peak to trough.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">December 16th, 2017 &#8211; Bitcoin makes an all time high at 20,000<\/p>\n<p>December 16th, 2018 &#8211; Bitcoin sets the yearly low at 3100<\/p>\n<p>December 16th, 2019 &#8211; ? <a href=\"https:\/\/t.co\/x0vLNEMDGD\" rel=\"nofollow\">pic.twitter.com\/x0vLNEMDGD<\/a><\/p>\n<p>&mdash; LilMoonLambo (@LilMoonLambo) <a href=\"https:\/\/twitter.com\/LilMoonLambo\/status\/89151232?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 16, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Last Year Flashback: BTC Reaches Bear Market Low of $3,100<\/h2>\n<p class=\"p1\"><span class=\"s1\">In fact, it was one year later, on December 16, 2018, when <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> reached its current bear market low of $3,100. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Interestingly, the low for <a href=\"\/tag\/bitcoin-price\" rel=\"nofollow\">Bitcoin price<\/a> was put in exactly one year after the high was set, suggesting there could be some unique significance within the December 16th date.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">With that date back once again and Bitcoin at its most important crossroads yet, whatever happens from today forward, could set the trend and price trajectory for the first-ever cryptocurrency in the foreseeable future and could be the difference between a new low or new all-time high around the next time December 16 rolls around.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Between now and then, <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin <\/a>will have gone through its next halving \u2013 a pre-determined event that reduces the BTC block reward miners received for validating each new block being added to the cryptocurrency\u2019s underlying blockchain ledger.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/12\/12\/bitcoin-at-risk-of-12-more-months-of-bear-hibernation-possible-lower-low\/\">Bitcoin At Risk Of 12 More Months Of Bear Hibernation, Possible Lower Low\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">The future of the young cryptocurrency could be determined in the days ahead, and soon enough we\u2019ll find out if $3,100 really is the low for the bear market. If it is, Bitcoin could set a new all-time high by December 16, 2020. If not, it could be yet another low set this time next year.<\/span><\/p>\n<pre>Featured image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>It was two years ago today, that Bitcoin price reached its all-time high value of $20,000, and just one year ago that it reached its current bear market low of $3,100. On such a significant day, we\u2019re reflecting on all of the ups and downs the first-ever cryptocurrency has experienced since. On This Day Two Years Ago: Bitcoin Reaches ATH of $20,000 2017 was the year of Bitcoin and cryptocurrency. The leading cryptocurrency by market cap started off the year at under $1,000, and by December 16, 2017, had exploded in value by a factor of over 20 times. Related Reading | Decision Time For Future Of Bitcoin As Crypto Teeters On Bear-Bull Edge The crypto asset had become the talk of the mainstream public by Thanksgiving of that year when the asset had been trading just under $10,000. After $10,000 was broken, extreme FOMO set in an in less than one month\u2019s time the crypto asset had doubled in value leading up to the launch of the first-ever Bitcoin futures trading on CBOE on December 10, 2017. The crypto asset\u2019s highly-publicized, parabolic bull run later climaxed the following week as it reached $20,000 on December 16, 2017, and the market has never been the same since. After that moment, the entire crypto market fell into a downtrend, wiping out most of the gains the market stacked up during the bull market. Many altcoins popular then, are now down as much as 99%. Even Bitcoin itself fell as much as over 80% from peak to trough. December 16th, 2017 &#8211; Bitcoin makes an all time high at 20,000 December 16th, 2018 &#8211; Bitcoin sets the yearly low at 3100 December 16th, 2019 &#8211; ? pic.twitter.com\/x0vLNEMDGD &mdash; LilMoonLambo (@LilMoonLambo) December 16, 2019 Last Year Flashback: BTC Reaches Bear Market Low of $3,100 In fact, it was one year later, on December 16, 2018, when Bitcoin reached its current bear market low of $3,100. Interestingly, the low for Bitcoin price was put in exactly one year after the high was set, suggesting there could be some unique significance within the December 16th date. With that date back once again and Bitcoin at its most important crossroads yet, whatever happens from today forward, could set the trend and price trajectory for the first-ever cryptocurrency in the foreseeable future and could be the difference between a new low or new all-time high around the next time December 16 rolls around. Between now and then, Bitcoin will have gone through its next halving \u2013 a pre-determined event that reduces the BTC block reward miners received for validating each new block being added to the cryptocurrency\u2019s underlying blockchain ledger. Related Reading | Bitcoin At Risk Of 12 More Months Of Bear Hibernation, Possible Lower Low\u00a0 The future of the young cryptocurrency could be determined in the days ahead, and soon enough we\u2019ll find out if $3,100 really is the low for the bear market. If it is, Bitcoin could set a new all-time high by December 16, 2020. If not, it could be yet another low set this time next year. Featured image from Shutterstock<\/p>\n","protected":false},"author":517,"featured_media":407495,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[10862,5687,428,679,6664],"class_list":["post-407475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-all-time-high","tag-bear-market","tag-bitcoin","tag-bitcoin-price","tag-crypto"],"acf":[],"yoast_head":"\n<title>$20K Day: A Look Back At Bitcoin\u2019s Two-Year Rise and Fall<\/title>\n<meta name=\"description\" content=\"It was two years ago today, that Bitcoin price reached its all-time high value of $20,000, and just one year ago that it reached its current bear market\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/20k-day-a-look-back-at-bitcoins-two-year-rise-and-fall\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$20K Day: A Look Back At Bitcoin\u2019s Two-Year Rise and Fall\" \/>\n<meta property=\"og:description\" content=\"It was two years ago today, that Bitcoin price reached its all-time high value of $20,000, and just one year ago that it reached its current bear market\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/20k-day-a-look-back-at-bitcoins-two-year-rise-and-fall\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-16T19:02:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-16T17:07:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/12\/20000-bitcoin-price-btc-crypto-shutterstock_1577848696-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. 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