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Bitcoin Price Falls Below $200, Hits Six-Month Low

The price of bitcoin on the CoinDesk Bitcoin Price Index has fallen below $200 for the first time since January.

Aug 25, 2015 at 1:42 a.m. UTC
Updated Sep 14, 2021 at 2:01 p.m. UTC

BPI

The price of bitcoin fell below $200 today for the first time since 18th January.

The plunge saw an average low of $198.23, according to the CoinDesk Bitcoin Price Index (BPI), with the largest decline taking place on BTC-e, which saw a low of $192.

The price has since recovered from those lows to roughly $203 at press time, though prices in some markets, including BTC-e, remain below $200.

According to data from the CoinDesk BPI, the $198 figure is the lowest average price low in the last six months, excluding instances of single-day volatility on individual bitcoin exchanges.

The move follows a day of bitcoin market turbulence and widespread volatility in stock markets worldwide.

The sell-off notably coincided with further market turmoil in China. Reports indicate that the Shanghai Composite Index is falling once more after a historic 9% plunge earlier this week.

Images via the CoinDesk BPI, Shutterstock

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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