Chad Turner
From 2015 to 2017, Bitcoin surged to $19,600 but eventually lost 83% bitcoin-code-new.com of its value in the following year. While prices were range-bound in 2019, Bitcoin began a rally post-pandemic, increasing by 1,600% to a high of $68,900 in November 2021. Similarly to previous years, Bitcoin crashed to $16,000 in November 2022, picking up pace again in 2023 and eventually skyrocketing to $108,353 in November 2024 following the election of United States President Donald Trump. The top crypto eventually went on to establish an all-time high above $110,000 in 2025. Bitcoin’s value is driven by a balance of supply and demand factors. One of the most critical factors is its limited supply—there will never be more than 21 million bitcoins. This scarcity, reinforced by regular halving events that reduce the introduction of new bitcoins, creates upward pressure on price when demand is steady or growing.
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