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 opened April at $4,125 — marking the start of a three-month-long rally.

Over Q2, Bitcoin set numerous records for reaching prices that hadn’t been seen over the previous 12 months.

Q3 recap

At the height of summer, in July, Bitcoin opened above the $10,000 mark, hitting $10,442.80 on the first day of the month. It then went on to surpass $11,000 within the first two weeks of the quarter.

The quarter‘s highest value was hit in early August, when the digital currency surpassed $11,000, trading at $11,815.04 on August 7.

However, a week later, on August 14,  Bitcoin’s trading price decreased by 14 percent, stabilizing at $10,137.88.

The month of August ended with Bitcoin trading well below $10,000, and costing just $9,462.50 on August 31.

Bitcoin started trading at $9,603.10 on September 1, increasing by 7 percent and hitting $10,363.03 the following day.

The digital currency hovered around the $10,000 mark for most of the month, until it dropped to $9931.40 on September 21 and continued to plummet over the next three days, leaving it sitting at $8,549.93 on September 24. Its lowest value for Q3 was reached on September 29 when it was trading $7,994.55.

Bitcoin’s Q4 performance

October saw Bitcoin trade at prices unseen since the previous month of June.

It was hovering around $8,343.93 before falling by 5 percent to $7879.23 on October 6. It then recovered slightly, reaching $8195.13 the following day.