BTC

Year 

Avg. Price in Canadian Dollar

2015 

507.11(between Nov and Dec) 

2016 

886

2017 

8,671.5

2018 

11,379

2019 

7,048

2020 

17,709

2021 

59,862 (as of 30th August 2021) 

The highest price is the peak price of a Bitcoin in the Canadian Dollar of a particular year. 

The lowest price is the bottom-most price of a Bitcoin in the Canadian Dollar of a particular year. 

The average price is calculated using half of the sum of the price of a Bitcoin in January and December of a specific year. 

2015: 

Highest: 600 Canadian Dollars (December)

Lowest:  436.48 Canadian Dollars (November)

Average: 507.11 Canadian Dollars

2016: 

Highest: 1307 Canadian Dollars (December)

Lowest: 529 Canadian Dollars (January)

Average: 886 Canadian Dollars

2017:

Highest:  25,271 Canadian Dollars (15th December)

Lowest:  1,085.7 Canadian Dollars (13th January)

Average:  8671.5 Canadian Dollars

Bitcoin price in Canadian dollar 2018-2020

2018: 

Highest: 21,222.2 Canadian Dollars (5th January)

Lowest: 5,085 Canadian Dollars (28th December)

Average: 11,379 Canadian Dollars

2019: 

Highest: 5,465 CAD (28th June)    

Lowest: 4,803.6 (12th January)

Average:  7,048 Canadian Dollars

2020: 

Highest: 34,082 CAD (25th December)

Lowest: 7,150 CAD (13th March)

Average: 17,709 CAD

Bitcoin price in Canadian dollar 2021

2021 (till 18th August)

Current (30th August): 59,86 CAD

Highest: 75,215 CAD (16th April)

Lowest: 40,957 CAD (1st January)

Average: (Yet to be calculated)

How Bitcoin Price Is Determined

The value of Bitcoin is dependent on many factors, be it the market condition or global economical state. We have to be conscious of the point that bitcoin doesnt have value on its own, rather we have elaborated its value by giving it importance in the monetary world. Although physical components such as gold likewise dont have any power on their own, its just due to their rareness/scarcity by which the market has increased. 

If we consider a hypothetical planet where golds presence is more than wood, then the wood would be costlier than gold provided the fact that wood is a basic necessity for the inhabitants living on that planet. The entire game of price determination is in the hand of supply and demand, including few more circumstances.

Factors deciding the price of Bitcoin:

  • Supply
  • Demand

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