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Stewart, David D.; Soong Johnston, Stephanie D. (29 October 2012). “2012 TNT 209-4 News Analysis: Virtual Currency: A New Worry for Tax Administrators?”. Nestler, Franz (16 August 2013). “Deutschland erkennt Bitcoins als privates Geld an (Germany recognizes Bitcoin as private money)”. Federal Bureau of Investigation. Casey, Brian (23 July 2014). “Bitcoin – Is Anyone In Charge?”. United States (https://www.pipihosa.com/2023/11/16/bitcoin-focused-ordinals-project-taproot-wizards-raises-7-5m-in-seed-round/) Department of the Treasury. 4 April 2013). “The rise of the bitcoin: Virtual gold or cyber-bubble?”. Coldewey, Devin (24 June 2013). “Bitcoin losing shine after hitting the spotlight”. Faiola, Anthony; Farnam, T.W. Tsukayama, Hayley (30 July 2013). “Bitcoin, others set up standards group”.

Exchange trading volumes continue to increase.

BitPay CEO (similar webpage) Stephen Pair declared the company’s transaction rate grew 3× from January 2016 to February 2017, and explained usage of bitcoin is growing in B2B supply chain payments. Between January and May 2017 Poloniex saw an increase of more than 600% active traders online and regularly processed 640% more transactions. Exchange trading volumes continue to increase. 20BF (₿) in the Currency Symbols block. Up until July 2017, bitcoin users maintained a common set of rules for the cryptocurrency. On 1 August 2017 bitcoin split into two derivative digital currencies, the bitcoin (BTC) chain with 1 MB blocksize limit and the Bitcoin Cash (BCH) chain with 8 MB blocksize limit. Russia has announced that it will legalize the use of cryptocurrencies such as bitcoin. Bitcoin gains more legitimacy among lawmakers.

Among the factors which may have contributed to this rise were the European sovereign-debt crisis – particularly the 2012-2013 Cypriot financial crisis – statements by FinCEN improving the currency’s legal standing, and rising media and Internet interest. As the market valuation of the total stock of bitcoins approached US$1 billion, some commentators called bitcoin prices a bubble. In early April 2013, the price per bitcoin dropped from $266 to around $50 and then rose to around $100. Over two weeks starting late June 2013 the price dropped steadily to $70.