### GDAX Bitcoin Price History: A Comprehensive Overview

　　The cryptocurrency market has seen a rollercoaster of emotions over the years, with Bitcoin leading the charge. One of the most popular platforms where Bitcoin trading has been conducted is GDAX (now known as Coinbase Pro). In this article, we will delve into the GDAX Bitcoin price history, exploring its ups and downs, and providing insights into the factors that have influenced its trajectory.

　　#### GDAX Bitcoin Price History: The Early Days

　　The journey of GDAX Bitcoin price history began in 2012 when Bitcoin was still in its infancy. At that time, the price of Bitcoin was hovering around $5. As the years went by, the cryptocurrency gained traction, and its price started to soar. In 2013, the price of Bitcoin on GDAX reached an all-time high of $1,200, marking a significant milestone in its history.

　　#### GDAX Bitcoin Price History: The Bull Run of 2017

　　One of the most memorable periods in the GDAX Bitcoin price history was the bull run of 2017. The year started with Bitcoin trading at around $1,000, and by December, it had surged to an incredible $20,000. This meteoric rise was driven by a combination of factors, including increased institutional interest, regulatory news, and media hype. The GDAX Bitcoin price history during this period serves as a testament to the potential of cryptocurrencies to deliver exponential returns.

　　#### GDAX Bitcoin Price History: The Bear Market of 2018

　　Unfortunately, the bull run was short-lived, and the cryptocurrency market entered a bear market in 2018. The GDAX Bitcoin price history during this period saw the price of Bitcoin plummet from its all-time high of $20,000 to around $3,000. This downturn was caused by a variety of factors, including regulatory crackdowns, market manipulation, and a general loss of confidence in the cryptocurrency market.

　　#### GDAX Bitcoin Price History: The Recovery and the Present

　　After the bear market, the GDAX Bitcoin price history has shown a gradual recovery. The price of Bitcoin has been fluctuating between $3,000 and $10,000, with occasional spikes and dips. The recovery has been driven by a combination of factors, including increased institutional investment, technological advancements, and regulatory clarity.

　　#### Factors Influencing GDAX Bitcoin Price History

　　Several factors have influenced the GDAX Bitcoin price history over the years. Some of the key factors include:

　　1. **Market Sentiment**: The overall sentiment in the cryptocurrency market can significantly impact the price of Bitcoin. Positive news, such as regulatory clarity or technological advancements, can lead to an increase in price, while negative news can cause a drop.

　　2. **Institutional Investment**: The entry of institutional investors into the cryptocurrency market has had a substantial impact on the GDAX Bitcoin price history. These investors bring significant capital and expertise, which can lead to increased demand for Bitcoin.

　　3. **Regulatory News**: Regulatory news, such as the introduction of new regulations or the relaxation of existing ones, can have a significant impact on the GDAX Bitcoin price history.

　　4. **Market Manipulation**: Market manipulation, such as pump-and-dump schemes, can also influence the GDAX Bitcoin price history.

　　#### Conclusion

　　The GDAX Bitcoin price history is a fascinating journey that has seen the cryptocurrency market go through numerous ups and downs. From its early days to the bull run of 2017 and the bear market of 2018, the price of Bitcoin has been influenced by a variety of factors. As the cryptocurrency market continues to evolve, the GDAX Bitcoin price history will undoubtedly continue to provide valuable insights into the potential of this innovative asset class.

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