Why Does Bitcoin’s Price Rise and Fall?


Bitcoin’s price has gone from $32,983 on Jan. 22, 2021 to $35,811 on the morning of the same day one year later. In the year between, however, the price dipped below $30,000 in July and climbed above $69,000 as recently as Nov. 10.

On a five-year basis, things look a lot better for Bitcoin investors as shares have gone from just over $1,000 in 2017 to its current price that’s hovering around $35,000. That’s an incredible return when you consider that during the same five-year period Amazon  (AMZN) – Get Amazon.com, Inc. Report stock went from $835.77 to $2852.86 while Tesla  (TSLA) – Get Tesla Inc Report shares jumped from $50.59 to $943.90.