Bitcoin in 2015, a 5 Minute Read

The year 2015 is coming to an end. In the Bitcoin universe, it has been an eventful year so far. The Bitcoin ecosystem has had its ups and downs, from controversies surrounding its use for unlawful purposes to the lawmen themselves turning into outlaws and more. At the same time, there has been a considerable number of wins both big and small for the beloved cryptocurrency.

Ups and downs

The year 2105 started on a low note, with prices dropping below the $200 mark. At the same time, however, the number of users joining the Bitcoin community saw a constant increase. Earlier last month, the digital currency hit $500 mark, and today Bitcoin is steadily hovering over a $350 to $370 price range. Along those same lines, the number of transactions on the blockchain has steadily increased every month, from about 50,000,000 in the beginning of the year to over 90,000,000 currently.

total bitcoin in circulationtotal bitcoin in circulation

Regulatory Headache

On the other hand, the introduction of regulations by the State of New York in the middle of the year severely impacted the Bitcoin ecosystem in the

Read more ... source: TheBitcoinNews