Pin it! 2014–2016: Challenges and Gradual Growth
In 2014, Bitcoin's price, which had peaked at $1,000 in January, experienced a sharp decline following the collapse of Mt. Gox, a platform that facilitated 70% of global BTC transactions.
Bitcoin’s price dropped to $111.60 by February before stabilizing at $318 by year-end.
2015: Despite a challenging prior year, Bitcoin began to stabilize, ending 2015 at $430. Notably, the official adoption of the ₿ symbol marked a milestone for Bitcoin as a global currency.
2016: Bitcoin entered a phase of consolidation, reaching $700 in June and closing near $1,000, setting the stage for its meteoric rise in 2017.
Added in Cryptocurrency , Cryptocurrency
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