Exactly fifteen years back, the cryptocurrency market looked completely different. As reported by Bitcoin historian Pete Rizzo, on this exact day fifteen years ago, a single Bitcoin (BTC) could be purchased for merely 50 cents. This incredibly low price of half a dollar stands in stark contrast to Bitcoin’s current value, which is now in the six-figure range.
FUN FACT: 15 years ago today, you could buy 1 #Bitcoin for only $0.50 ✨
— The Bitcoin Historian (@pete_rizzo_) January 20, 2025
Back in January 2010, Bitcoin was still quite young, barely known to many and trading for relatively low prices. This digital currency had been introduced a year prior, in January 2009, by its mysterious inventor(s) known as Satoshi Nakamoto. At that time, Bitcoin was primarily of interest to cryptography enthusiasts and a small group of early adopters.
Back in May 2010, a groundbreaking event took place in the world of Bitcoin: Programmer Laszlo Hanyecz made history by exchanging 10,000 Bitcoins for two pizzas. This digital currency, now recognized as the largest cryptocurrency by market capitalization, has journeyed far from its initial, modest origins.
In current times, Bitcoin’s value has soared to unprecedented heights. Fifteen years ago, its price was just $0.50, but today it has reached record-breaking levels, even surpassing six figures. At the moment of writing, a single Bitcoin is being traded above $106,000.
Bitcoin hits new all-time; what indicators say
On Monday’s early trading, Bitcoin scaled to a new peak, touching unprecedented heights of approximately $109,358. Following a rise from its previous low of $99,416, Bitcoin displayed a significant increase, represented by a large green candlestick on the daily chart.
At the time of writing, BTC was up 2.21% at $106,960, according to CoinMarketCap data.
According to the on-chain analysis provider Glassnode, as Bitcoin neared a fresh peak surpassing $109,000, the long-term holder Net Unrealized Profit Ratio (NUPL) exceeded 0.75 – a level that typically signals the market’s euphoria or greed stage in its cycle.
The momentum of short-term Bitcoin holders’ profitability has been regained, as indicated by the BTC’s STH MVRV ratio, which stands at 1.16 and is above its one-year average of 1.1. Additionally, there’s been a significant increase in the Bitcoin Futures Perpetual Funding Rate, reaching approximately 0.035%, marking a high not seen since Dec. 5.
Read More
- Tips For Running A Gothic Horror Campaign In D&D
- FIS PREDICTION. FIS cryptocurrency
- Luma Island: All Mountain Offering Crystal Locations
- EUR CAD PREDICTION
- DCU: Who is Jason Momoa’s Lobo?
- Space Marine 2 Teases 2025 Plans
- Here’s How Bitcoin Price Could React To Potential US DOJ Sell-Off, Blockchain Firm Explains
- LUNC PREDICTION. LUNC cryptocurrency
- Some Atlus Fans Want Snowboard Kids to Make a Comeback
- 13 EA Games Are Confirmed to Be Shutting Down in 2025 So Far
2025-01-20 19:09