Bitcoin Price 2014: A Year in Review (2024)

Bitcoin's price has been buffeted by a mix of factors, both negative and positive, in 2014. See our interactive chart to the year's highs and lows.

Dec 27, 2014 at 9:45 a.m. UTC

Updated Sep 14, 2021 at 2:03 p.m. UTC

Bitcoin Price 2014: A Year in Review (2)

If the story of bitcoin in 2013 was its meteoricrise in price,which saw it hit a peak of over $1,100 inNovember,then the tale of bitcoin's price this year is oneof plummeting from those heights.

The price of bitcoin opened the year at $770, according to the CoinDesk Price Index. By mid-December, it was trading in themid-$300 range. Thisrepresents a drop of more than 50%fromthe startofthe year.

However, it's worth noting that bitcoin is still trading comfortably aboveits price for much of last year. Indeed, itischanging hands for more than three times the amount it was trading atduring the highs of April 2013, before its historic bull run.

Over the past12 months, the price has been buffeted bya diverse array of factors,ranging from adoption by payments giant PayPal and technology goliath Microsoft to the massive sell-order from the 'BearWhale' and rumoured clampdowns by the Chinese authorities.

The interactive price chart below, based on the CoinDesk BPI, retraces the highs and lows ofbitcoin's price as itstruggles to find its feet after an incredible year.

For a larger version of the chart, clickhere.

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