Bitcoin Price on 08/03/2020
On August 3, 2020, the price of Bitcoin was around $11,000 USD. This period was marked by growing institutional interest and a gradual recovery after the significant drop at the beginning of the COVID-19 pandemic. The Bitcoin halving, which occurred in May 2020, reduced the block reward from 12.5 to 6.25 BTC, which historically tends to positively influence the price due to the reduction in supply.
Bitcoin Price on 08/03/2024
Four years later, on August 3, 2024, the price of Bitcoin is around $69,595.70 USD. This significant increase can be attributed to several factors, including growing institutional adoption, the approval of Bitcoin ETFs, and a more favorable regulatory environment.
Influencing Factors
1) 2024 Halving
2) Approval of Bitcoin ETFs:
3) Institutional Adoption:
4) Regulatory Environment:
5) Technological Developments:
6) Macroeconomic Environment: 0 reply
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