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<p>The price of a Bitcoin rose to approximately $69,324 on March 5 at around 3:00 pm UTC. This <a href="https://cointelegraph.com/news/bitcoin-price-sets-new-record-high-69k">new all-time high</a> marked the end of a brilliant saga that began back in 2021 with massive highs preceding tumultuous lows.&nbsp;</p>
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 <img src="https://s3.cointelegraph.com/uploads/2024-03/82ab0568-5d6b-4eb0-a454-5e578537d10b.png" alt="" title="">
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  <em>Bitcoin price on March 5. Source: </em><em>Coinbase</em>
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<p data-ct-non-breakable="true">Now, with a new ATH on the books, Bitcoiners are ready to set their sights on mid-April and the impending halving event. But before diving into the future, it’s worth taking a moment to look back on the past 846 days and what got Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) from $68,900 in 2021 all the way down to $15,460 in 2022 — and back to form in 2024. </p>
<h2 id="nov-10-2021-68-900">Nov. 10, 2021: $68,900</h2>
<p data-ct-non-breakable="true">There are plenty of memorable moments in the history of cryptocurrency. From Bitcoin’s humble beginnings way back in 2009 to its leap from $1,000 to $20,000 in 2017. But for the past few years, all anyone seems to care about has been reclaiming&nbsp;<a href="https://cointelegraph.com/news/suddenly-bitcoin-hits-new-all-time-high-after-2k-gains-in-minutes"></a><a href="https://cointelegraph.com/news/suddenly-bitcoin-hits-new-all-time-high-after-2k-gains-in-minutes">the 2021 all-time high</a>.</p>
<p>Back on Nov. 10, 2021, Bitcoin had experienced over a year of explosive growth on its way to $68,900. In the time since, the memory of those long candles and the “this party will never end!” atmosphere on crypto social media has kept Bitcoiners warm through the crypto winter. </p>
<h2 id="nov-20-2022-15-460">Nov. 20, 2022: $15,460</h2>
<p data-ct-non-breakable="true">If hitting $68,900 was the peak experience for crypto aficionados, then spending the next year in free fall was their rock bottom.</p>
<p>The crypto world watched as Bitcoin dipped lower and lower — first hitting $50,000, then $40,000. Finally, around the time <a href="https://cointelegraph.com/news/ftx-owes-over-3-billion-to-its-50-biggest-creditors-bankruptcy-filing">FTX’s bankruptcy was top news</a>, on Nov. 22, 2022, Bitcoin gave back every bit of gains it had picked up over the previous two years and retreated back to $15,460. </p>
<h2 id="june-23-2023-30-709">June 23, 2023: $30,709</h2>
<p data-ct-non-breakable="true">Bitcoin took very little time to begin its recovery after being drawn from $68,000 and quartered to $15,000, but the recovery itself was slow going. More than half a year later, on June 23, 2023, positive movement finally began to gain momentum, and&nbsp;<a href="https://cointelegraph.com/news/bitcoin-volatility-break-31k-btc-price-yearly-highs">as BTC reached $30,000 again</a>, things started looking up. </p>
<h2 id="jan-11-2024-46-344">Jan. 11, 2024: $46,344</h2>
<p data-ct-non-breakable="true">The crypto community’s sentiment throughout 2023, by and large, could be described as “optimistic and unphased.” </p>
<p>By the time December rolled around, it was clear that 2022’s lows and the United States Securities and Exchange Commission’s will-they-won’t-they relationship with approving a spot Bitcoin exchange-traded fund (ETF) wasn’t going to throw the most loyal crypto supporters off. </p>
<p>And on Jan. 11, 2024, when <a href="https://cointelegraph.com/news/first-spot-bitcoin-etf-in-us-begins-trading-in-pre-market-with-double-digit-gains">the SEC finally gave spot Bitcoin ETFs the green light</a>, the market responded by dropping from $46,344 to under $30,000 again by Jan. 20. </p>
<p>While that’s not exactly what the community was hoping for, the best was yet to come. </p>
<h2 id="feb-26-2024-50-951">Feb. 26, 2024: $50,951</h2>
<p data-ct-non-breakable="true">Bitcoin started February 2024 by metaphorically chugging a can of “rocket fuel.”</p>
<p>$42,000 on Feb. 1 grew to $50,000 by Valentine’s Day. And before March could arrive, <a href="https://cointelegraph.com/news/bitcoin-hits-2-year-high-as-institutional-investors-inflow-nears-600m">Bitcoin reclaimed $60,000</a>&nbsp;for the first time since December 2021. </p>
<h2 id="march-5-2024-69-324">March 5, 2024: $69,324</h2>
<p data-ct-non-breakable="true">And that brings us to March 5, 2024. At the time of publication, Bitcoin has retreated from the day’s high of $69,324, <a href="https://cointelegraph.com/news/bitcoin-price-sets-new-record-high-69k">a new all-time-high in U.S. dollars</a> for BTC. It currently sits at $65,278. </p>
<p>Eric Demuth, co-founder and CEO of Bitpanda, told Cointelegraph:</p>
<blockquote data-ct-non-breakable="true">
 “Bitcoin has reached an all-time high, driven by factors distinct from those in 2021. The approval of the spot Bitcoin ETF has attracted consistent institutional capital from the U.S., bolstering bullish market sentiment.”
</blockquote>
<h2 id="april-2024">April 2024: $???,???</h2>
<p>What happens next is anyone’s guess. The last time Bitcoin tested a $70,000 resistance point, it ended up crashing back down to Earth. But just like ETF sentiment contributed to the bull run from late 2023 through early 2024, <a href="https://cointelegraph.com/news/bitcoin-halving-2024-groundhog-prediction-bet">the impending halving</a>&nbsp;could affect traders of every stripe. </p>
<p>According to Demuth, there’s reason to be optimistic:</p>
<blockquote data-ct-non-breakable="true">
 “The upcoming Bitcoin halving in April is anticipated to boost its price further, consistent with historical data indicating long-term price support following previous halving events.”
</blockquote>

Bitcoin reaches new US dollar high: From top to bottom and back in 846 days

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