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What happened to bitcoin in 2013?

2013 saw the first major spike in the price of Bitcoin since 2011. From $13.00 at the beginning of the year, Bitcoin hit nearly $250 in April. It then cooled off for a while, before experiencing another rapid appreciation to over $1,100 in December of that year.

Is the price of bitcoin predictable?

While the price of BTC can hardly be considered predictable, it’s useful to view the chapters in the Bitcoin price history and what it may mean for investors. On October 31, 2008, the pseudonymous person or group known as Satoshi Nakamoto published the Bitcoin white paper.

How did bitcoin's announcement affect the price of bitcoin?

The announcement didn’t impact the price of bitcoin too much. For most of the year, bitcoin traded within the $6,000 and $8,000 range, hitting a bottom of $3,250 in December and closing the year at just over $3,700, down 73% from the beginning of the year.

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