Bitcoin’s price rose 87% in 2019 — here’s what happened in Q4
Reported today on TheNextWeb
For the full article visit: https://thenextweb.com/hardfork/2020/01/14/bitcoin-price-rose-84-2019-q4/
Bitcoin's price rose 87% in 2019 - here's what happened in Q4
Despite common fluctuations in price, Bitcoin's performance throughout 2019 was somewhat unremarkable.
We've taken a closer look at the cryptocurrency's price movements, focusing specifically on its performance during Q4 2019.
But, first, let's briefly recap Bitcoin's performance during the first nine months of the year.
Q1 recap
Bitcoin BTC was relatively stable from January to March 2019.
It started the year off at $3,717 and a brief 9-percent increase in its trading price saw it surpass the $4,000 barrier during the first week of January.
The upward trend was short-lived, though. Within a month, its price fell to a low of $3,358 on February 7.
From then on, Bitcoin demonstrated some relative stability but experienced a notable drop at the end of February where its trading value dropped 8 percent from $4,106 - its highest price during Q1 - to $3,784 over a 24-hour period.
By March, Bitcoin had almost equaled its quarter high and closed trading at $4,092, representing a modest 10-percent growth for the quarter.
Q2 recap
The second quarter of 2019 proved to be much more fruitful for investors and hodlers.
Bitcoin op