Bitcoin's Price Slides After Surpassing $1,800

Bitcoin prices slid this morning, a day after crossing the $1,800 mark according to the CoinDesk Bitcoin Price Index (BPI).

Markets slid to an average low of $1,717.42, BPI data shows, after opening at $1,807.37. The market taper comes after a blockbuster week for the digital currency's price.

The past few days have seen bitcoin shoot past $1,700 and then $1,800. Only a month ago, prices hovered around $1,200, according to data from the BPI.

At press time, the average price of bitcoin is roughly $1,754, representing a dip of about 2.9% from the opening but also a partial recovery from the day's low.

Other cryptocurrency markets have seen dips in the past day, including litecoin, which is down about 5% in the past 24-hours, according to data from CoinMarketCap.

Roller coaster image via Shutterstock

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

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. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Stan Higgins

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.