Bitcoin Trends and Value

Here is a sample snapshot taken in real time recently on the Bitcoin statistics site: https://bitinfocharts.com/bitcoin/. This graph shows Bitcoin’s trends and values over time in US dollars, and also its current value in US dollars (here as $6578.37).

1. What do you notice about the overall trend(s) of the value of Bitcoin? Explain by using evidence from the graph such as month and year, as well as the values shown on the vertical axis.
2. What additional observations can you find?

Take a look at the current Bitcoin statistics through the interactive graphs on the site if you’d like to dig into more stats for Bitcoin! https://bitinfocharts.com/bitcoin/

Bitcoin (BTC) statistics - Price, Blocks Count, Difficulty, Hashrate, Value. (2018). BitInfoCharts. Retrieved 26 September 2018, from https://bitinfocharts.com/bitcoin/