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In 2014, the price fell sharply, and as of April remained depressed at little more than half 2013 prices. As of August 2014 it was under US$600. As of 16 November 2020, the closing price of bitcoin equals US$16,717. According to Mark T. Williams, as of 30 September 2014, bitcoin has volatility seven times greater than gold, eight times greater than the S%story%P 500, and 18 times greater than the US dollar.