It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?
The demand of the people to bitcoin is getting higher and it is the reason whu the price of the bitcoin is becoming more expensive. The bitcoin is becoming more popular all over the world because of its benefits and importance in our economy.
Maybe it's The bitcoin is also popular amongst criminals and hackers also as it is pseudo anonymous and your identity can't be known if you use bitcoins, so that's a plus point for them to use bitcoin instead of cash or PayPal or any other means. Also many people buy bitcoins to save themselves from taxes and evade law as bitcoin owner's identity can't be known so it is pretty easy for someone to hide their money in this cryptocurrency and also money laundering have also been made pretty easy and that too within a few minutes to few hours anywhere around the globe money can be transmitted. So these factors create a huge demand and the price of bitcoin rises due to this reason.