Thanksgiving Day, one of the most cherished holidays in the United States, is celebrated today, Thursday, November 28, 2024. It’s a time for family gatherings, traditional meals, and heartfelt expressions of gratitude.
On this special day, Americans come together to share a festive meal, attend church services, and enjoy special sporting events.
Observed annually on the fourth Thursday of November, Thanksgiving carries deep cultural and historical significance, making it a beloved tradition nationwide.
Thanksgiving Day has often been an interesting time for Bitcoin price trends. Since 2010, Bitcoin’s price behavior around Thanksgiving has reflected broader market trends, investor sentiment, and adoption levels.
Here are what to know about Bitcoin price on Thanksgiving Day since 2010 to 2024:
2010: Starting Small at $0.28
Back in 2010, Bitcoin was just a niche idea. On Thanksgiving, a single Bitcoin cost only $0.28. Few people knew about it, and even fewer took it seriously.
2011: A Slow Rise to $2.49
By 2011, Bitcoin started gaining some attention. Its price climbed to $2.49 by Thanksgiving. While still small, it showed signs of becoming more than just a novelty.
2012: Steady Growth to $12.51
In 2012, Bitcoin grew steadily. On Thanksgiving, it was worth $12.51 as more people began to see its potential as a new kind of money.
2013: Breaking Barriers at $813
Bitcoin took a huge leap in 2013, reaching $813 by Thanksgiving. It was no longer a fringe idea—mainstream investors and media were starting to notice.
2014: A Dip to $376
After its big rise, Bitcoin faced a setback in 2014. By Thanksgiving, it had dropped to $376 due to major events like the Mt. Gox exchange collapse.
2015: Stabilizing at $323
Bitcoin faced another tough year in 2015, with its price dipping to $323 by Thanksgiving. Despite the struggles, it remained a promising technology.
2016: A Comeback at $741
In 2016, Bitcoin began to recover. By Thanksgiving, it had climbed back to $741, signaling a new phase of growth and wider acceptance.
2017: A Historic High at $8,118
Thanksgiving 2017 was a milestone as Bitcoin soared to $8,118. Excitement about its potential brought in waves of new investors.
2018: A Big Drop to $4,307
After reaching highs in 2017, Bitcoin fell sharply in 2018. By Thanksgiving, it was down to $4,307, a reminder of its volatile nature.
2019: Bouncing Back to $7,293
Bitcoin began to recover again in 2019, reaching $7,293 by Thanksgiving. It was slowly regaining strength and attracting renewed interest.
2020: A Pandemic Boost to $18,391
In 2020, Bitcoin surged to $18,391 as the pandemic made people look for alternatives to traditional investments. It was seen as a safe haven during uncertain times.
2021: A Record $56,387
By Thanksgiving 2021, Bitcoin hit a record $56,387. Institutional adoption grew, and Bitcoin cemented its role as a mainstream financial asset.
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2022: A Drop to $16,172
Bitcoin took a hit in 2022, dropping to $16,172 by Thanksgiving amid regulatory challenges and market downturns.
2023: A Recovery to $37,464
In 2023, Bitcoin bounced back, reaching $37,464 by Thanksgiving. Renewed investor interest and confidence helped drive its growth.
2024: New Heights at $95,951
By Thanksgiving 2024, Bitcoin hit an incredible $95,951. It’s now a key player in the global financial system, with growing adoption and acceptance.
From $0.28 in 2010 to nearly $96,000 in 2024, Bitcoin’s journey has been extraordinary. It has overcome challenges, grown in value, and proven its staying power. As we celebrate Thanksgiving 2024, Bitcoin stands as a symbol of innovation and potential for the future of finance.
