Bitcoin Price in 2017

• Beginning of year Price: $997.69
• Highest Price: $19,343.04 on December 16, 2017
• Lowest Price: $775.98 on January 11, 2017
• End of year Price: $13,860.14

Major Events in 2017

January 2017 - Bitcoin Acceptance Soars in Japan

The number of Japanese online stores accepting Bitcoin increased 4.6 times over the past year, reflecting a significant rise in consumer and business interest.

This rapid adoption helped strengthen Bitcoin's position in Japan, culminating in the country's formal recognition of Bitcoin as a legal payment method later in the year.

May 20, 2017 - Bitcoin Crosses $2,000 for the First Time

Bitcoin's price surged past $2,000, marking a significant psychological and market milestone as new investors continued to fuel rising demand.

This achievement highlighted Bitcoin's growing legitimacy and set the stage for even larger price gains in the months to follow.

August 1, 2017 - Bitcoin Cash Hard Fork

The Bitcoin network split into two distinct cryptocurrencies, Bitcoin (BTC) and Bitcoin Cash (BCH), after a disagreement over increasing block size for transaction scalability.

This event underscored ideological differences within the Bitcoin community and led to heightened market activity and investor interest in both BTC and BCH.

November 29, 2017 - John McAfee's $1 Million Prediction

Tech entrepreneur John McAfee famously predicted that Bitcoin's price would reach $1 million by 2020, stirring widespread media attention and speculation.

This bold claim fueled interest in Bitcoin, contributing to its rising demand and intense market enthusiasm during its record-breaking run in 2017.

December 18, 2017 - Bitcoin Hits All-Time High of $19,834

Bitcoin reached an unprecedented all-time high of $19,834 amid a speculative frenzy fueled by the ICO boom and increased mainstream interest.

This price peak marked the climax of Bitcoin's biggest market bubble to date, leading to significant media coverage and establishing Bitcoin's reputation as a high-stakes investment.