When did Bitcoin start to gain popularity in the cryptocurrency market?

3 answers

• Nov 27, 2021 · 3 years ago
  Bitcoin started to gain popularity in the cryptocurrency market around 2017 when its price skyrocketed to nearly $20,000. This sudden surge in value attracted a lot of attention from investors and the general public. People started to realize the potential of Bitcoin as a decentralized digital currency and a store of value. The media coverage and increasing adoption by businesses also contributed to its popularity. Since then, Bitcoin has become the most well-known and widely used cryptocurrency in the world.
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• Nov 27, 2021 · 3 years ago
  Bitcoin's popularity in the cryptocurrency market started to rise in the early 2010s. As more people became aware of the potential of cryptocurrencies, Bitcoin emerged as the leading digital currency. Its decentralized nature and limited supply made it an attractive investment option. The increasing number of online merchants accepting Bitcoin as a form of payment further fueled its popularity. By 2017, Bitcoin had gained significant mainstream attention and became a household name.
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• Nov 27, 2021 · 3 years ago
  According to data from BYDFi, Bitcoin started to gain popularity in the cryptocurrency market around 2013. The price of Bitcoin experienced a significant increase, reaching over $1,000 for the first time. This milestone attracted the attention of investors and speculators, leading to a surge in trading volume. The media coverage of Bitcoin's price rally also played a crucial role in its growing popularity. Since then, Bitcoin has continued to dominate the cryptocurrency market and remains the most widely recognized digital currency.
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