Bitcoin
$44,380.67+0.83%
Ethereum
$3,095.05-0.32%
XRP
$0.986875-2.33%
Cardano
$2.29+0.85%
Polkadot
$32.25+0.85%
Stellar
$0.296591+0.72%
Dogecoin
$0.222897-0.65%
Chainlink
$24.71+0.89%
Uniswap
$21.04-2.59%
Polygon
$1.19-3.21%
Algorand
$1.92+5.33%
Cosmos
$40.57+2.36%
Litecoin
$161.77+0.39%
Bitcoin Cash
$543.61-0.70%
Wrapped Bitcoin
$44,380.02+0.86%
Filecoin
$73.16-2.28%
The Graph
$0.781278+5.41%
Tron
$0.097179-2.90%
Ethereum Classic
$50.31-2.03%
Tezos
$6.42+10.55%
Aave
$298.61-1.78%
Monero
$247.41-0.41%
NEO
$42.00-0.48%
EOS
$4.27-1.87%
IOTA
$1.35-2.19%
BitTorrent
$0.003448-2.28%
Bitcoin SV
$145.02-1.14%
Waves
$24.18-2.15%
Maker
$2,387.45-5.92%
Dash
$181.07+3.06%
Decentraland
$0.752181+1.91%
Decred
$120.42+1.55%
ICON
$1.73+2.86%
NEM
$0.159104-1.64%
Zcash
$120.38-1.24%
OmiseGO
$9.48-2.71%
Paxos Standard
$1.00-0.84%
NuCypher
$0.295478+0.66%
Yearn Finance
$30,493.27-1.05%
Qtum
$10.62-2.10%
Bitcoin Gold
$55.29-2.27%
Basic Attention Token
$0.690000-0.94%
Ren
$1.02+23.09%
0x
$0.983615+1.73%
Fetch.ai
$0.842416+10.59%
Kava.io
$5.93+6.27%
Bancor
$3.64+0.34%
Band Protocol
$8.08+3.36%
Siacoin
$0.015992-2.42%
Nano
$4.99+0.15%
Loopring
$0.402333-2.04%
Storj
$1.16-0.29%
Civic
$0.487990+12.60%
Numeraire
$42.47-1.48%
Lisk
$3.07-1.08%
Orchid
$0.346666-0.73%
PAX Gold
$1,761.01-0.31%
Enzyme
$139.46-11.42%
Augur
$22.24-1.35%
Aragon
$4.94-3.48%
district0x
$0.157506+0.99%
Kyber Network
$1.54-1.52%
SingularDTV
$0.001375-0.65%
Tether
$1.00+0.03%
USD Coin
$1.00+0.02%
Dai
$1.00-0.00%

Bitcoin's Price Is Down More Than $500 After Hitting a New High

Bitcoin prices have fallen below $4,000 hours after hitting a new all-time high.

Aug 15, 2017 at 2:43 p.m. UTC
Updated Sep 14, 2021 at 1:56 p.m. UTC

Bitcoin prices have fallen below $4,000 hours after hitting a new all-time high.

According to the CoinDesk Bitcoin Price Index (BPI), bitcoin markets hit a low of $3,892.72 – more than $500 below the high of $4,483.55 reached earlier this morning. At press time, the price of bitcoin is trading at around $3929, more than 10 percent below the day's open.

The drop below $4,000 came just days after the market crossed that threshold for the first time, a move quickly followed further price increases. Given that the market hit a low of $1,990 a month ago, this morning's rise signified a nearly $2,500 increase within that period.

Other cryptocurrency markets are seeing price declines today as well.

, the cryptocurrency of the ethereum network, are down more than 5 percent, trading at roughly $282 at press time. According to data from CoinMarketCap, all of the top-10 cryptocurrencies are down today.

Image via 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.

Loading...