What happened to bitcoin in 2018?

Google, Twitter and Facebook all passed bans on Bitcoin and cryptocurrency advertisements on their platforms, with the latter claiming that they were "frequently associated with misleading or deceptive promotional practices." Bitcoin closed 2018 at $3,693 – more than $10,000 down from where it ended the previous year.

Is bitcoin's tenth anniversary the most significant event of 2018?

For others, however, Bitcoin’s tenth anniversary is a reminder of how little has been accomplished. “The most significant event of 2018 is what did not happen,” said Alex Mashinsky, CEO of Celsius, to Finance Magnates. “We did not get the biggest wave of adoption which was supposed to take us to new highs.

What is bitcoin and how does it work?

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But much of the hype is about getting rich by trading it.

Is bitcoin dead?

Bitcoin bled out over the next six months, a handful of pumps notwithstanding, and ended up closing the year around $7,160. Still, the bounce from $3,500 to $13,500 proved that Bitcoin was not dead, despite the naysayers of the 2018 bear market.