Share this article
Bitcoin's Price Is Now Down 20% from Its $5,000 All-Time High
The price of bitcoin continued its downward trajectory late Monday, falling $1,000 from its most recent all-time high set Friday.
By Pete Rizzo
Updated Sep 13, 2021, 6:53 a.m. Published Sep 5, 2017, 2:30 a.m.
Bitcoin appears to be moving into a new period of price discovery.
Following a new ruling that finds China's regulators moving to outlaw initial coin offerings (sales of new cryptographic tokens often exchanged for bitcoin), the bitcoin price fell to its lowest total since August 22 today.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
At press time, bitcoin had declined to just above $4,000 – halting at $4,037.50 across global exchanges – a 20% decline from its all-time high of $5,013 observed on September 1.
Of the exchanges tracked in the BPI, just one was trading below $4,000 at the time of the report, with China-based OKCoin displaying a $3,969 price. (Paxos's itBit exchange, Coinbase's GDAX exchange and Bitstamp were all trading above $4,000).
Still, as reported by CoinDesk, the move below $4,100 on most major exchanges could be significant, potentially foretelling a bigger move down to $3,769 should the price obey Fibonacci patterns.
The drop comes at a time when the total value of all publicly issued cryptocurrencies has seen a similar decline, dropping from a high of $179 billion to $145 billion today.
In total, the market is now down nearly 19 percent from its all-time high.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
Coin in water image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Di più per voi
Asia Morning Briefing: Fed Cut Brings Little Volatility as Bitcoin Waits for Japan
CryptoQuant data shows seller exhaustion as whales pull back from exchanges, while traders prepare for a closely watched BOJ meeting that could influence global liquidity.
Cosa sapere:
- Bitcoin remains stable above $91,000 as the Federal Reserve cuts rates by 25 basis points.
- Market attention shifts to Japan, where a rate hike is expected at the upcoming Bank of Japan meeting.
- Gold prices rise following the Fed's rate cut, while silver hits a record due to strong demand and tight supply.
Top Stories
