U.Today – On this day 15 years ago, 15 BTC were sold for just 1 cent. This is almost unbelievable now, given the current value of .
Bitcoin historian Pete Rizzo shared this interesting bit of history as a fun fact on X, saying, “15 years ago today, 1 cent bought 15 Bitcoins.”
In late 2009, Bitcoin was still in its infancy. Launched by the mysterious Satoshi Nakamoto in January of that year, Bitcoin was a novel concept known only to a few enthusiasts and cryptographers. The price of Bitcoin never reached $1 in 2009 and 2010. The highest price in 2010 was $0.39.
In the early days of Bitcoin, there were no exchanges similar to those available today. The BitcoinTalk forum went live in late 2009, and soon after, the concept of an exchange was introduced where users could exchange Bitcoin for fiat currency.
Fifteen years later, Bitcoin has become a global financial asset, with a current market capitalization of $1.944 trillion. From a value of approximately $0.000066 per BTC at the end of 2009 to currently trading at $98,201, Bitcoin has risen like a meteor.
Bitcoin price fluctuation
Bitcoin (BTC) held steady above $98,000 ahead of the release of US inflation statistics later on Wednesday.
The U.S. Bureau of Labor Statistics will release the Consumer Price Index (CPI) for November at 8:30 a.m. ET (1:30 p.m. UTC). US Federal Reserve Chairman Jerome Powell said that upcoming economic indicators will have a significant impact on interest rate decisions and could impact the cryptocurrency market in the new year. Last month's data showed the Fed remains concerned about inflation.
Weekly inflows into digital asset investment products hit a record high last week, totaling $3.85 billion, according to Coin Shares' latest report.
Bitcoin saw inflows of $2.5 billion and short Bitcoin saw lukewarm inflows of $6.2 million, bringing weekly inflows to a record $1.2 billion and outflows to $14 million.
This article was originally published on U.Today
