Bitcoin to Australian Dollar Exchange Rate

Live Rate

= $ 11307.3096

Refreshing in: 60s | Mon, 21 May 09:23am GMT

Historical Rate chart of BTC and AUD

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Updated: 21 May 2018 09:23:33 UTC
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Bitcoin was worth eight cents in 2010, but today it's worth thousands. Spending about $7 on bitcoin in 2010 could mean you're a millionaire now.But bitcoin’s value doesn’t always go up. Imagine if you had bought a thousand bitcoin in late 2013 — when the cryptocurrency was worth more than $1,100 a pop — and then watched its value plummet below $200 in just over a year.

It’s tough to predict exactly how much bitcoin will be worth in the future. Let’s explore how bitcoin has grown over the years and where it might be headed.


What to consider before buying bitcoin

Bitcoin hit a new high of over AU$13,000 in November 2017.

However, it's a notoriously volatile currency, and it’s difficult to know what bitcoin will be worth even a week from now, let alone a year from now. To have a shot at predicting the price you need to know how the cryptocurrency is bought and sold, and what factors affect the price of bitcoin.

However, there might be two factors to consider above all others.

First, only 21 million bitcoin will ever be created. Throughout 2017, the number of bitcoin in circulation increased from about 16 million to 17 million, but it will slow down as it gets closer to the 21 million limit. The final bitcoin isn't due to be mined until the year 2140.

This finite supply and its popularity increasing more quickly than its availability is thought to keep prices increasing.

Second, it's important to remember that bitcoin is now just one cryptocurrency among hundreds. Although it's the most valuable, bitcoin's overall cryptocurrency "market share" is declining. Competing cryptocurrencies can offer some features that bitcoin can't, and many people think another currency will eventually overtake bitcoin.

Bitcoin mining: Is it worth mining bitcoin?

Many bitcoin proponents speculate that its limited supply will only increase the value of the cryptocurrency in the long run and is its greatest strength. But critics say that this will be its undoing.

They point out that inherent scarcity is a useful way of controlling value, but might be too impractical for bitcoin to ever become the standard global currency.

To judge for yourself whether it's worth buying bitcoin, you may want to look at the history of its ups and downs to better understand the factors affecting its value.

Compare bitcoin marketplaces

Name Product Deposit methods Fiat Currencies Available Cryptocurrencies Trading Fee
Cash, BPAY, POLi, Cryptocurrency
AUD
BTC, BCH, ETH, XRP, ADA, XEM, LTC, XLM, MIOTA, TRX, DASH, NEO, XMR, EOS, QTUM, BTG, LSK, ETC, XVG & over 60+ more
Instant buy: 1%
Market order: 0.25%*
* Applies to BTC, LTC, ETH & DOGE
CoinSpot is an Australian-based marketplace that allows you to easily buy, sell or trade more than 100 cryptocurrencies.
Electronic Funds Transfer, SWIFT, Cryptocurrency
AUD, NZD, USD
BTC, BCH, ETH, LTC
0.1-0.5%
Trade AUD and other fiat currencies against BTC, BCH or ETH at competitive rates.
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, ICX, BNB, ZRX, APPC & 80+ more
0.1%
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
Bank transfer, POLi, Cash deposit* *Westpac Bank branches only
AUD, GBP, USD
BTC, BCH, ETH, LTC, XRP, NEO
0.5-1.7%
HiveEx.com is a global over-the-counter (OTC) cryptocurrency brokerage specialising in high-volume trades of $10,000+.
Hive Empire Trading Pty Ltd is a related party of Hive Empire, which owns finder.com.au.
Cryptocurrency
-
BTC, ETH, HT, LTC, BCH, XRP, DASH, IOST, EOS, TRX, ETC, OCN, ONT, ELF, ABT, CMT, ELA, ZEC, PROPY, OMG & 75+ more
Maker : 0.2%
Taker: 0.2%
Huobi.pro is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Credit card, Debit card, SWIFT, SEPA, Cryptocurrency
USD, EUR, RUB, GBP
BTC, DASH, ETH, XRP, ZEC
Maker: 0-0.16%
Taker: 0-0.25%
Instant buy: 7%
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
Cash, Electronic Funds Transfer, POLi
AUD
BTC, BCH, ETH, ETC, LTC, DASH, XMR, XRP, ANT, REP, BNT, BAT, BTS, BLK, CVC, CLAM, DCR, DGB, DGD, DOGE & 35+ more
0.5-0.7%
Maker: 0.4%
Taker: 0.6%
Buy a variety of cryptocurrencies through an Australian exchange platform through POLi, Cash or Electronic Funds Transfer.
Cryptocurrency, Bank transfers
AUD, NZD
BTC, ETH, LTC, XRP, POWR
Maker: 0.3-0.7%
Taker: 0.3-0.7%
A cryptocurrency exchange that supports Australian and New Zealand customers, where users can pay in NZD and transactions in AUD have no withdrawal or deposit fees.
Cryptocurrency, Wire Transfer
New account holders must now deposit fiat/crypto equivalent to US$10,000 to trade.
USD, EUR
BTC, BCH, BTG, TRX, GNT, AVT, DASH, DATA, EDO, EOS, ETC, ETH, ETP, LTC, MIOTA, NEO, OMG, QTUM, SAN, USDT, XMR, XRP, ZEC, BAT, ZRX, FUN, MANA, SPANK, TNB, RLC, RCN, REP, ELF, AID, SNGLS, SNT, QASH, YOYO, MITH
Maker: 0-0.1%
Taker: 0.1-0.2%
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
Cryptocurrency
-
BTC, BCH, KCS, DRGN, DBC, XRB, ETH, PRL, LTC, SNOV, DENT, RPX, QLC, NEO, UTK, BNTY, ACT, POE, UKG, LA, LEND, VEN & 50+ more
0.1%
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Credit card, Debit card
USD, EUR, RUB
BTC, BTG, BURST, BYC, CANN, CFI, CLAM, CLOAK, CLUB, COVAL, CPC, CRB, CRW, CURE, CVC, DASH, DCR, DCT, DGB, DMD, DNT, DOGE, DOPE & 140+ more
Fees vary
Use your credit or debit card to buy bitcoin and other cryptocurrency without having to verify your identity.
Credit card, Debit card
AUD, USD, EUR, GBP, CAD, CNY & 50+ more
BTC, BCH, ETH, LTC
Fees vary
Buy and sell bitcoin, Ethereum, Litecoin and Bitcoin Cash on one of the world's most renowned cryptocurrency exchanges.
Cryptocurrency, Bank transfer
JPY, USD, SGD, AUD, EUR, CNY, PHP, HKD, INR
BTC, ETH, QASH, XRP, BCH, NEO, UBTC, RKT, QTUM, BCH, DASH
0-0.25%+
A global exchange which offers users both cryptocurrency and fiat currency deposit options.
Cash, Credit card, Debit card
USD, EUR
BTC, ETH, BCH, LTC, ADA
5.50%
Use USD/EUR to buy bitcoin and Ether with credit card or cash on the Coinmama cryptocurrency exchange.
Credit card, Debit card, Neosurf, Cashlib, Trustpay, ePay
USD, EUR, GBP, JPY, CNY, KRW, AUD, CAD, DKK, NOK, SEK, TRY, HKD, SGD
BTC, ETH, XRP, DASH, LTC, BCH, ETC, OMG, ZRX, CVC, BNT
Credit/debit card: 6.9%
TrustPay: 3%
Cash vouchers: 5.9-11.9%
Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
Cryptocurrency
-
BTC, BCH, DRG, UKG, ENJ, TRX, LDC, MGO, AMLT, EZT, LALA, IPSX, FLIXX, STU, 1WO, TPAY, ETH, WIN, LTC, SPHTX, RKT, UBTC, ETN, ECH, QASH, NEO, HAV, XRP, ETC, STAC, FLUZ, VZT, XEM, XLM, VET, BMC, ONG, FDX, XMR, DENT, MCO, IND, GAT, ZEC, CAN, STX, QTUM, OAX, IXT, STORJ, MTN, REP, FCT, DASH
Maker: -0.075%
Taker: 0.15%
Owned by the team behind QUOINEX, QRYPTOS is a global crypto-to-crypto platform which supports over 50 cryptocurrencies and offers negative trading maker fees to generate liquidity.
Credit card, Debit card, Cryptocurrency, Perfect Money, SEPA, Wire Transfer, Payza, CryptoCapital, Money Polo, Payeer, Giropay, Yandex Money & more
USD, EUR, RUB, PLN, UAH
BTC, BCH, ETH, ETC, XRP, KICK, DASH, WAVES, ZEC, XMR, LTC, DOGE, USDT
0.2%
A UK-based cryptocurrency platform that provides buyers with a wide variety of payment options.
MoneyGram, Perfect Money, Western Union, Cryptocurrency, OKPAY
USD, EUR, RUB
BTC, ETH, LTC
None
Buy and sell crypto and other digital currencies on this global fixed-rate exchange.
Cryptocurrency, Payeer, Perfect Money, Qiwi
USD, EUR, RUB
BTC, BCH, ETH, LSK, LTC, XMR, XEM, DASH, BCC, DBIX, CLOAK, EMC, NEO, TIME, SHIFT, STRAT, DOGE, DTR, DGB, VOX, ESC, MONA & 140+ more
0.02-0.18%
Trade at an exchange that has an extensive offering over 160 coins and numerous fiat and altcoin currency pairs.
Cryptocurrency *Powered by atomic swaps
-
*Note that while the platform is under development, it is expected to support BTC, ETH, REP, ANT, BAT, EOS, SALT, CVC, DNT, SNT & 20+ more
TBA
Launching in 2018, Altcoin.io is a decentralised peer-to-peer cryptocurrency exchange powered by atomic swaps. Sign up now for early access.
Cryptocurrency
-
BTC, BTG, ETH, ETC, DASH, XRP, DOGE, XEM, LTC, XLM, NEO, ADA, EOS, QTUM, XMR, TRX, BCC, XVG, LSK, GEO & 250+ more
0-0.75%
CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Bank transfer, Cash*, Cryptocurrency *Cash deposits only available at NAB branches
AUD
BTC
3%
Spendher is an app founded in Australia which aims to streamline buying and selling bitcoins on your mobile, offering options to deposit AUD through bank transfer or cash deposits.
Cash, Credit card, Cryptocurrency, Debit card, BPAY, Flexepin, Neosurf, Neteller, M-PESA, PayPal, Perfect Money, WebMoney, Western Union, iDEAL, SEPA, Skrill, SWIFT
AUD, USD, EUR, GBP, CAD, CNY & 50+ more
BTC
None
Trade fiat currency for bitcoin in person or online with this peer-to-peer exchange offering competitive fees and wide delivery options.
Credit card, Debit card
USD, EUR
BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE, XLM,1ST, ADX, AMP, ANT, BAT, BCN, BNT, BTG, CFI, CVC & 70+ more
5%
Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.
Wire Transfer, Cryptocurrency, Express Polish Post Office 24/7, Express ?abka Market, Express DotPay
USD, EUR, PLN
BTC, BCC, BTG, LTC, ETH, LSK, GAME, DASH, KZC, XRP, XIN
Taker: 0.25-0.43%, Maker: 0.17-0.3%
This Polish-based exchange offers a variety of accessible payment methods, including Express Polish Post Office 24/7 service and Express DotPay.
Credit card, Debit card, OKPAY, PayPal, Skrill, SOFORT
EUR, USD, CHF, GBP
BTC
2.5%-20%
Buy bitcoin through PayPal on one of the oldest virtual currency exchanges in the business.
Cryptocurrency, Payeer, AdvCash, Perfect Money, Capitalist, QIWI* Only available for RUB deposits
USD, RUB
BTC, BTG, DASH, ETH, LTC, DOGE, WAVES, LSK, BCC, TRX, NANOX, PAC, ZEC, XVG, EOS, ETC, RDD, TOKC, B2X, TTC & 400+ more
None
Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
Cryptocurrency, SEPA, SOFORT, MoneyPolo, Bank Wire* Domestic wire for CZK and PLN, SEPA only for EUR
EUR, PLN, CZK
BTC, BCH, LTC
Maker: 0-0.1%
Taker: 0.1-0.2%
Trade fiat currencies and cryptocurrency at this European-based exchange with options to pay through domestic bank wire, SEPA and SOFORT.
Bank account, Credit card, Debit card, eCheck, PayPal
USD
BTC
Fees vary
Buy bitcoin instantly with credit card, PayPal or bank account on this peer-to-peer lending platform.
OKPay, PerfectMoney, Yandex Money, Payeer, QIWI, Cryptocurrency
USD, EUR, RUB
BTC, XRB, ETH, DCN, BCH, NIO, TRX, DASH, COB, DOGE, PRIX, DSR, XCPO, LTC, VERI, LOC, NUA, PKT, PPT, ICO & 80+ more
0.25%
Supporting over 100 coins, you can exchange a variety of cryptocurrency pairs on this peer-to-peer platform.
Cryptocurrency, Bank transfer
AUD
BTC, BCH, ETH, HSR, EET, DASH, FUEL, UBTC
0.2% (0.1% for Super-trader)
An Australian cryptocurrency exchange, ACX enables you to buy bitcoin and other cryptocurrencies with AUD bank deposits.
Cryptocurrency
-
BTC, ETH, 18T, BUT, LXT, CDC, UUU, AAC, CNN, UIP, UC, GSC, IIC, MEX, EGCC, SHE
Owned by the team behind Huobi.pro, HADAX lets users vote for cryptocurrencies it should list.
Cash, Credit card, Cryptocurrency, Debit card, Flexepin, Neosurf, Neteller, M-PESA, PayPal, Perfect Money, WebMoney, Western Union, iDEAL, SEPA, Skrill, SWIFT
AUD, USD, EUR, GBP, CAD, CNY & 50+ more
BTC
Buyer: None
Seller: 1%
Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than 300 other payment methods.
Cryptocurrency
-
BTC, BTG, DASH, ZET, XVP, XPM, WDC, VTC, VRC, UNO, TROLL, START, SLR, SLG, RDD, QTUM, PPC, POT, OK, NVC, NMC, NLG, NEOS & 25+ more
0.2-0.5%, Buy: 0.25$, Sell: 0.25%
Trade an array of cryptocurrencies through this globally accessible exchange based in Brazil.
Cryptocurrency
-
BTC, BCH, ETH, LTC, DOGE, NEO, XMR, POWR, DASH, PIVX, XEM, OMG, GNT & 500+ more
0.2%
Buy and sell hundreds of cryptocurrencies with minimal verification on this all-in-one, New Zealand-based exchange.
Electronic Funds Transfer, SEPA, Wire Transfer *payment methods vary per country
USD, EUR, GBP, JPY, CAD
BTC, BCH, ETH, ETC, XMR, DASH, LTC, XRP, XLM, REP, ICN, MLN, ZEC, USDT, GNO, EOS
Maker: 0-0.36%
Taker: 0-0.08%
Exchange multiple cryptocurrencies through a range of payment methods, including Electronic Funds Transfer, SEPA or Wire Transfer.
ACH Bank Transfer, Wire Transfer, SEPA * payment methods vary depending on fiat currency
USD, EUR, GBP
BTC, BCH, ETH, LTC
Maker: None
Taker: 0.1-0.3%
Buy and sell cryptocurrency at this US-based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.
Cryptocurrency
-
BTC, ETH, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, QTUM, ZCL, RDD, LTC, NEO & 120+ more
0.3%
Buy from one of the largest crypto to crypto exchanges with a selection of over 190+ cryptocurrencies.
Cryptocurrency
-
BTC, ETH, XRP, DOGE, XLM, ETC, STRAT, LTC, SC, DGB, BCH, LSK, XMR & 50 more
Maker: 0-0.15%
Taker: 0.05-0.25%
Trade various coins through a global crypto to crypto exchange based in the US.
Debit card, Credit card, Cryptocurrency, SEPA, Wire transfer, AstroPay
USD, EUR
BTC, BCH, LTC, ETH, XRP
0.1-0.25%
A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.
Bank transfer, BPAY, POLi
AUD
BTC, BCH, ETH, ETC, LTC, XRP
0.1-0.5%
Browse the various coin offerings of this Australian based exchange, where coins can be purchased through AUD, LTC and BTC currencies.
Cash, POLi, Flexepin
AUD
BTC, ETH
Fees vary
Buy cryptocurrency from an Australian service through cash, POLi or Flexepin vouchers.
Credit card, Debit card, POLi, Cryptocurrency
AUD
BTC
1%
Buy and sell on a platform based in Australia which sources bitcoin from all around the world.
POLi
AUD
BTC
Fees vary
Buy and sell bitcoin in AUD through POLi when using this exchange based in Australia.
Cryptocurrency
-
BTC, USDT, ETH, EOS, AE, BTO, BTS, CAN, HLC, SEER, XAS
Maker: 0.05%
Taker: 0.05-0.1%
Recently launched in Australia in late 2017, XBrick now offers its services globally and users can download its mobile trading platform to buy and sell cryptocurrencies.
Cryptocurrency
-
XLM, BTC, BCH, USDT, OMG, ZRX, KIN, MOBI & more
Maker : None
Taker: 0.015%
Stellarport taps into the Stellar Decentralised Exchange to provide buyers and sellers with access to XLM and various other cryptocurrencies.
Cash
AUD
BTC
Fees vary
An Australian bitcoin broker which offers quick and simple trading where no signup is required.
Credit card, Debit card, SEPA, SOFORT, SWIFT, Skrill, Dotpay, Unionpay
AUD, USD, EUR, SEK, HUF, JPY, GBP, NOK, HRK, CAD, CNY, CHF, CZK, RSD, TRY, BRL, DKK, PLN, RUB, ARS
BTC
0.9%
Offering payment options such as credit card, SEPA and SWIFT, you can purchase bitcoin from this European-based exchange with an array of fiat currencies.
Cryptocurrency, Wire transfer
KRW
BTC, BTG, BCH, DASH, ETC, LTC, EOS, XRP, ETH, QTUM, TRX, ICX, VEN, XMR, ZEC, MITH
0.15%
A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
Cryptocurrency, Wire Transfer
USD
TAAS, GNO, ANT, 1ST, HKN, BBT, WRC, AMM, OROC, CHSB, GLBX, BENJA
Fees vary
Maker: 0.2%+
Orderbook is a decentralised cryptocurrency exchange and ICO platform where users can trade Ethereum-based ICO tokens.
Credit card, Debit card, Bank Transfer *GBP bank transfers halted
GBP, EUR
BTC
Maker fee: 0.3-0.7%
Taker fee: 0.3-0.7%
Buy and sell bitcoin in GBP or EUR with credit card, debit card and bank transfer payment options.
Cryptocurrency
-
BTC, BCH, RVN, LTC, ALQO, LCC, ECA, SMART, POLIS, BCO, COLX, IC, XP, BWK, HTML, QBIC, ZNY, DOGE, XSH, DASH & over 40+ more
0.2%
Offering over 80 cryptocurrency pairings, CryptoBridge is a decentralised exchange that supports the trading of popular altcoins.
Cryptocurrency
-
BTC, BCH, BTG, ETH, ETC, FUN, 1ST, ANT, BAT, BNT, BLK, CVC, CLAM, DASH, DCR, DGB, DNT, DOGE, EDG, EOS, FCT, GAME & 25+ more
Fees vary
A global exchange where no account is needed to begin trading cryptocurrency to cryptocurrency.
PayPal, Moneygram, OKPAY, Perfect Money, SEPA, WebMoney, Western Union, Wire Transfer, Paxum, QIWI, Payeer
EUR, USD
BTC, ETH, ETC, ZEC
Maker: None
Taker: 0.25%
Cryptonit is a secure platform for trading fiat currency for bitcoin, Litecoin, Peercoin and other cryptocurrencies — delivered to the digital wallet of choice.
Cash
USD, AUD, GPB, CAD
BTC, DASH
Fees vary
Buy bitcoin and DASH through this peer-to-peer cash only cryptocurrency exchange based in the US.

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Market rate for common transfer amounts BTC to AUD

Bitcoin (BTC) Australian Dollars (AUD)
฿1 0
฿100 0
฿500 0
฿1000 0
฿1500 0
฿2500 0
฿5000 0

Bitcoin is volatile

Bitcoin value can change a lot very quickly and has a history of sharp ups and downs.

Here are a few things that could affect the price of bitcoin:

  • Government regulation. Although bitcoin is a decentralised currency, it’s still affected by government regulation. For example, when the Chinese government barred financial entities from processing bitcoin transactions in late 2013, the price of bitcoin dropped hundreds of dollars within a few days.
  • The headlines. The price of bitcoin tends to move with major world news and important bitcoin-related events (like security breaches). However, many people speculate that news doesn’t necessarily affect the price one way or another; instead, it simply focuses attention on bitcoin and may increase trading volume.
  • Major buyers. Large organisations and speculators have a significant effect on the price of bitcoin, and some experts estimate that of bitcoin’s approximately $160 billion market, a majority of coins might be owned by relatively few organisations and individuals.

Why is bitcoin’s currency code sometimes BTC and sometimes XBT?

Because bitcoin is a decentralised currency, the standards that dictate how to refer to it are still forming. XBT is the official designation, while BTC is the more commonly used code.

In its earliest days, bitcoin’s currency code was BTC. With its growing acceptance as a legitimate currency, the International Standards Organisation (ISO) designated bitcoin’s notation as "XBT". If a currency is not associated with a specific country or government, its three-letter note starts with an “X.”

However, XBT has yet to gain much adoption beyond banker and finance types. BTC seems to be what the everyday person and most enthusiasts prefer. You’ll probably continue to see references to both BTC and XBT until one eventually sticks as the standard.


A short history of bitcoin prices

The very first bitcoin transaction took place on January 12, 2009, from creator Satoshi Nakamoto to developer Hal Finney. On October 5, online publication New Liberty Standard pegged the bitcoin exchange rate at 1 USD = 1,309.03 BTC — a calculation based on the cost of electricity for a computer to create bitcoin.

July 2010 saw the founding of Mt. Gox, a bitcoin exchange that would eventually grow into the largest player in the market. We’ll start our bitcoin price history in 2011, using figures from CoinDesk’s price index.

Note: Unless otherwise stated, all prices in this article refer to BTC:USD exchange rates.

2011: A false start for bitcoin

StartPeakEnd
$0.30$29.60$6.33

Early in the year, one bitcoin finally became worth as much as one US dollar. In just a few months, the price of bitcoin shot past the $10 mark.

But on June 19 Mt. Gox was hacked, causing customers to lose more than 4,000 BTC. Bitcoin’s value hovered around $30 for several days and began a slow descent to around $4 by the end of the year.

2012: Bitcoin rises steadily

StartPeakEnd
$4.99$13.70$13.40

Bitcoin experienced a recovery in 2012. The cryptocurrency didn’t hit the same heights it did the previous year, but it climbed back into the double digits by the end of the year.

June saw the founding of Coinbase, which is one of the largest bitcoin platforms today. In November, the publishing tool WordPress began accepting bitcoin as payment.

2013: Bitcoin shoots into the stratosphere

StartPeakEnd
$13.30$1,147.25$757.50

In February, bitcoin surpassed its previous all-time high and then abandoned the $30 range as it continued growing in value.

At the same time, Mt. Gox was failing as bitcoin transactions overwhelmed its servers. In the same month bitcoin broke the $200 mark. Less than a month after that, it shot past $1,000.

Chinese investment in bitcoin pushed the price of the cryptocurrency even higher. But December also saw the largest theft of bitcoin ever of 96,000 BTC from Sheep Marketplace. This was also the year that China banned its financial institutions from processing bitcoin transactions.

2014: A rough year

StartPeakEnd
$770.44$951.39$319.70

Bitcoin’s price euphoria came to an abrupt end, and the cryptocurrency steadily lost value over a year. Mt. Gox finally shuttered its doors. However, Microsoft and PayPal-owned Braintree started accepting bitcoin as payment.

2015: Bitcoin holds steady

StartPeakEnd
$313.92$465.50$430.05

In late January, Coinbase launched its bitcoin trading platform, while Mt. Gox’s CEO Mark Karpeles was arrested.

But the European Court of Justice ruled that bitcoin is currency, not property, and that the cryptocurrency would not be assessed a value-added tax in the European Union. Bitcoin’s price broke the $400 mark toward the end of the year.

2016: Back in form

StartPeakEnd
$434.46$978.01$968.23

The marketplace software OpenBazaar was released over the summer. It’s a peer-to-peer platform on which users can buy goods with bitcoin. Bitcoin’s price, in recovery mode at the beginning of the year, approached its former glory as it hovered around $1,000.

2017: A wild year

StartPeak to dateEnd
$770.44Approximately US$10,000TBD

Bitcoin reached a new peak early in the year at over $1,100 on January 4, then promptly plummeted below $800 a week later. It would repeat this pattern throughout the year, including hitting multiple all-time highs on 1 September 2017 before dropping by an immense 20% in the next three days.

This sudden drop may have been the result of traders taking advantage of the peak to sell off their bitcoin.

A month later it broke US$5,000 in another all time high. And two months after that it had almost doubled to over AU$12,000.

Then on 29 November it broke US$10,000 (AU$13,200).

As you can see, a lot can happen in a very short time.

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