Cryptographic | Bitcoin in 8 Years: rise Thousands of Percent, drop Tens of Percent

The performance of Bitcoin (BTC) over the last eight years shows significant growth. In fact, along the way, it often surpasses the performance of the American stock index (AS) S&P 500.
In 2017, Curvo recorded that Bitcoin rose by 1,163%. Citing different data, Bitbo noted the price of Bitcoin at that time was US$13,850. This happened due to the Fomo feeling among retail investors who believed that Bitcoin could bring wealth.
Next, in 2018 Bitcoin actually experienced a decrease of 72% when its price was only US$3,747. This happened because the Federal Reserve (The Fed) raised interest rates and the phenomenon of Crypto Winter occurred.
Next, in 2019 Bitcoin experienced a rise of 98% which was then at the level of US$7,183. This surge was driven by the increasing level of institutions and the Federal Reserve's interest rate cuts.
After that, in 2021, it rose by 73% due to the effects of the halving in 2020 and the ongoing Covid-19 pandemic, as well as being driven by institutional involvement in buying Bitcoin. At that time, this crypto asset was traded at US$46,197.
Meanwhile, in 2022 Bitcoin actually fell by 62% when its price was valued at US$16,531. This occurred due to The Fed raising interest rates, the incident of the Luna token case, and the bankruptcy of the crypto exchange FTX because its founder Sam Bankman Fried committed fraud.
However, in 2023 Bitcoin rebounded with a surge of 147% with the price at that time reaching US$42,278. This happened because the investment management giant BlackRock unexpectedly submitted the Exchange-Traded Fund (ETF) Bitcoin spot to the Securities and Exchange Commission (SEC).
Finally, in 2024 Bitcoin recorded a positive performance that rose 135% and its price reached US$93,586.