Despite common fluctuations inprice,Bitcoinsperformancethroughout 2019 was somewhat unremarkable.
Weve taken a closer look at thecryptocurrencyspricemovements, focusing specifically on itsperformanceduring Q4 2019.
But, first, lets briefly recapBitcoinsperformanceduring the first nine months of the year.
Q1 recap
Bitcoin was relatively stable from January to March 2019.
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The upwardtrendwas short-lived, though.
Within a month, itspricefell to a low of $3,358 on February 7.
By March,Bitcoinhad almost equaled its quarter high and closedtradingat $4,092, representing a modest 10-percentgrowthfor thequarter.
Q2 recap
The second quarter of 2019 proved to be much more fruitful forinvestorsand hodlers.
Bitcoinopened April at $4,125 marking the start of a three-month-longrally.
Over Q2,Bitcoinset numerous records for reachingpricesthat hadnt been seen over the previous 12 months.
It then went on to surpass $11,000 within the first two weeks of thequarter.
Thequarters highestvaluewas hit in earlyAugust, when thedigital currencysurpassed $11,000,tradingat $11,815.04 onAugust7.
However, a week later, on August 14,Bitcoinstradingpricedecreased by 14 percent, stabilizing at $10,137.88.
The month ofAugustended withBitcointrading well below $10,000, and costing just $9,462.50 on August 31.
Its lowestvaluefor Q3 was reached on September 29 when it was trading $7,994.55.
Bitcoins Q4 performance
October sawBitcointrade atpricesunseen since the previous month of June.
It was hovering around $8,343.93 before falling by 5 percent to $7879.23 on October 6.
It then recovered slightly, reaching $8195.13 the following day.
Thebiggest drophappened October 24, when thecryptocurrencyplummeted to $7421.20.
By October 31, thecryptocurrencywas trading at $9160.55.
It jumped to $9,396.19 on November 4 before dramatically dropping to $8,771.30 on November 9.
Then things wentfrom bad to worse.
Bitcoinpeaked on December 23, trading at $7,580.20 acoin.
It then finished the month on December 31 hovering at just over $7,100.
Q4 2018 vs Q4 2019
Bitcoinspricewas definitely higher during Q4 2019 than in Q3 the previous year.
In October 2018,Bitcoinwas trading for way below $7,000, sitting roughly around the $6,500 mark.
Thecryptocurrencysperformancefollowed the same line throughout the following month.
Bitcoincontinued to drop finishing the month well below $4,000.
Several days later,Bitcoinmadeheadlinesby association after German police executeda hi-tech raidon adataprocessing centre installed in an ex-Nato bunker.
The bunker allegedly hosteddarkweb sites to deal drugs and child abuse imagery.
Ohio, the firstUSstateto acceptBitcoinfor taxes, suspended itscryptocurrency payment systemmeaning businesses can no longer pay indigitalassets.
CumulativeBitcointransaction feessurpassed the $1 billion milestonein mid-October.
Bitcoin-hungryhackersgave the city of Johannesburgthree days to pay more than $30,000 worth of thecryptocurrency.
Looking ahead
Its never easy to predictBitcoinspricemovements, but thecryptocurrencyhas been moving upwards so far this year.
