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This was a watershed moment for the cryptocurrency, as insurance companies are known to be.

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Priced at $ entering the month, Bitcoin doubled to nearly $ just 12 days later. From to , bitcoin again rallied to newer heights and briefly reached its highest value of $67, on. Price of 1 Bitcoin in

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Bitcoins are created by mining software and hardware at a specified rate. Investors and traders began using it as an investment, as well, but its price is very volatile. Key Takeaways Since it was first introduced, Bitcoin has had a choppy and volatile trading history. After months of consolidating from its rise earlier in the year, Bitcoin reached new heights in November In terms of adoption, El Salvador became the first country to recognize bitcoin as a legal tender in