Part of our Bitcoin Mining Pool by Year series: 2009-2011 | 2012 | 2013 | 2014 | 2015
2014 was a year of upheaval in bitcoin. Mt. Gox, one of the exchanges that helped drive the price up to dizzing heights closed unexpectedly in February, and a series of hacks and thefts rocked exchanges, wallets and businesses across the blockchain. Prices rebounded a little at the start of the year to $940, before steadily dropping, with a sharp decline when Mt. Gox closed, and a continued steady decline into April and May, where prices hovered around $400. Into the summer, prices rebounded above $600, but a sustained decline continued for the rest of the year, ending the year at $312.
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