Bitcoin started out strong in the year, but prices started to drop, and continued to drop steadily through the year. At the halfway point in July, prices were down to $28,300, which was the lowest price Bitcoin had seen for quite some time now. That’s when the fireworks started. By June 2011, the price of Bitcoin had shot up 30 times, reaching a value of $30. In a hint of what was to come, the spike didn’t last long, with Bitcoin dropping to $5. Another key factor is Bitcoin's fixed supply. With only 21 million bitcoins ever to be minted, its scarcity can lead to dramatic price changes as demand varies. This is exacerbated by "whales" or large holders of Bitcoin, whose sizable transactions can sway the market considerably. Your access to 100s of data vendor profiles, sample data, and dashboards with the latest in leading indicators. Discover new signals and insights with our Alternative Data platform.