Bitcoin was the first cryptocurrency, created by pseudonymous creator Satoshi Nakamoto in 2009. At the time, it was also the first use of blockchain technology.
Bitcoin was largely worthless during the first several years of its existence, but started to gain traction from 2013 to 2015. In 2017, the first Bitcoin boom saw the price of BTC rise to more than $15,000. Subsequent booms in 2019 and 2021 saw BTC hit new record highs.
In 2021, Bitcoin hit its all-time high of $68,789.63. However, it fell as low as $15,760 in December 2022 in the midst of the so-called “crypto winter”, that had been affected by numerous macroeconomic factors such as rising inflation, the Russia-Ukraine War and energy crisis, the collapse of Terra and FTX and so on.