In 2017, the price of Bitcoin suffered a hit when it crashed following a huge crypto boom that saw the price go from $400 in 2016 to $19,118 in 2017. Bitcoin went down to $3,000 in 2018, losing 447% of the value it had accumulated in 2017. By 2019, the market saw a positive trend with the price of bitcoin reaching $36,833.
According to Chainalysis, over $520 million worth of cryptocurrency was stolen from services and individuals through hacks and non-technical attacks like social engineering and phishing efforts in 2020.
