The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

At present, the price of Bitcoin is rising. With this rising momentum, it can be said that no mainstream currency can match it. This has also made the market value of Bitcoin once again account for more than 70% of the total market value of the currency circle. It is precisely because of this that Bitcoin is deeply Favored by investors, even some investors who have no contact with the currency circle have begun to gradually invest in the currency circle. However, most investors’ understanding of Bitcoin is limited to knowing that Bitcoin is very popular and the price is high. As for Bitcoin’s highest price, I don’t actually know what the price is. Now, the editor of the currency circle will give you a comprehensive analysis of how much was the highest price of a Bitcoin in the past?

 What was the highest price of a Bitcoin in the past?

According to market data, the current historical highest price of Bitcoin is US$40,392, which is RMB 262,800.

1. The historical highest price of Bitcoin appeared on December 17, 2017, and the highest price rose to 143,132 yuan.

2. The historical lowest price of Bitcoin occurred on July 6, 2013, with the lowest price falling to 437.92 yuan.

3. Bitcoin was issued on October 31, 2008, and its initial price was $0.0025.

Warm reminder: Due to the different depths of major exchanges, there are differences in the prices calculated. The above data is for reference only.

 Factors affecting Bitcoin price:

1. Supply and demand relationship

The concept of supply and demand is one of the basic laws of economics. Simply put, the rarer the item, the higher the demand, and the higher the price.

The Bitcoin protocol predetermines the number of coins in circulation to be 21 million. There are now less than 4 million Bitcoins left to be mined, and as the cryptocurrency space grows in popularity, scarcity appears to have an impact on price.

As we all know, Bitcoin will usher in its third halving in May 2020. Judging from historical price trends, prices tend to surge 3 months to 1 year before the block halving. ,

2. Regulatory issues

As Bitcoin becomes popular around the world, regulatory agencies in various countries are also struggling with this and are studying how to deal with this new species. They must figure out several issues surrounding Bitcoin, such as how a country's tax system treats this new currency, whether and how cryptocurrencies should be regulated, etc. Although many people believe that legislative regulations are detrimental to the encryption field, But the opposite is true. Although Bitcoin has been around for almost a decade, it rose to prominence in 2017 due to a massive price increase. In other words, to the average person, this is a relatively new field.

For example, recently, there are still a lot of voices discussing Libra. In fact, things have reached this point.
It was rejected by the regulators in the short term, and Facebook did not have the courage to go against the regulators. After all, it is a big company, and there is no need to put itself at huge risks for such a business. On the other hand, the New York Attorney General will There will be a result for Tether at the end of July, and the Fed's tightening policy will inevitably continue to affect the flow of global funds. Especially the direction of the U.S. stock market, which is still at a high level. But what we should note is that even if there is a large amount of funds flowing out of the US stock market, whether these funds will flow into the digital currency market still needs to be observed. We believe that whether outflow funds can enter the digital currency market depends on how the mainstream market views digital currencies.

As we all know, a new industry is bound to have flaws. With the advent of a series of mainstream currencies such as BTC, fake air coins are issued uncontrollably, in the name of blockchain, and are outside the scope of financial supervision. Some pass Malicious speculation, and even suspected illegal fund-raising, have had a significant impact on society and value investors that cannot be ignored. The country began to formulate policies and regulations and extensively reported on the negative phenomena of blockchain projects, which constrained investor enthusiasm and was also a major factor affecting currency prices.

3. Community concept

The community is an important foundation for blockchain technology to reach a consensus mechanism. The unification of community development concepts is critical to the stable development and application development of blockchain projects. Taking BTC, BCH and BSV as an example, there were differences in the concept of BTC community development at first, which led to the community split and the emergence of the BCH community.

The community formed BTC "conservatives" represented by the Core team and recognized that Bitcoin can improve TPS by increasing block size efficiency, achieve more applications through the hierarchical design of the main chain, and increase effective users of BCH by expanding application scenarios. "Revolutionary". The community was divided, causing the currency price to plummet. Later, there were ideological differences in the development of the BCH community, which also led to the community split into the BCH community and the BSV community. For a time, the currency price plummeted, and the tragedy was terrible.

Finally, the editor of Bitcoin Circle reminds you that Bitcoin trading is a high-risk investment activity. The lack of unified regulations in the industry has led to chaos. The risk of entering the market is extremely high. Small platforms have the risk of running away. Please carefully evaluate your risk tolerance before proceeding. Enter the market.