The low created a buying opportunity that helped Bitcoin gain back its losses by May. Like safe-haven metal gold, Bitcoin began to emerge as a protective asset for the Millennial and Generation Z crowd. The rally continued throughout 2020, and the digital asset ended the year at US$29,402.64, a 323 percent year-over-year increase and a 507 percent rise from its March drop. Bitcoin returns by year Bitcoin is publicly traded through crypto exchanges around the world. In India, the coin can be bought or sold through popular crypto exchanges such as CoinDCX, WazirX, CoinSwitch Kuber and UnoCoin.
Perhaps unsurprisingly for a currency designed with anonymity and lack of control in mind, Bitcoin has proven to be an attractive and lucrative target for criminals. In January 2014, the world’s largest Bitcoin exchange Mt.Gox went offline, and the owners of 850,000Bitcoins never saw them again. Investigations are still trying to get to the bottom of exactly what happened but whatever the story, someone dishonestly got their hands on a haul which at the time was valued at $450 million dollars. At today’s prices, those missing coins would be worth $4.4 billion. BTC/USD: Bitcoin Tops $35K After 20% Pump on the Week as Spot BTC ETF Prospects Shine Marathon attributes its production growth directly to higher transaction fees on the Bitcoin network. "MaraPool collected more than 380 BTC in transaction fees or 22% of BTC production, up from 12% of production last month," the company noted.