Bitcoin is considered the blue-chip cryptocurrency. Bitcoin has dominated the market since the first bitcoins were mined in January 2009. But it has not always been smooth sailing. Bitcoin has always been very volatile and prices hit a high of around $20,000 in December 2017 before collapsing in 2018, reaching a bottom at $3,234 by the end of that year. Since then, however, Bitcoin has enjoyed a comeback as prices surged to more than $40,000 in January 2021 for a market cap of more than $1 trillion. Bitcoins account for more than 69% of the cryptocurrency market and is the biggest name in crypto.
Sven Franssen