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Bitcoin Prices Dip Below $4,000 to Hit 7-Day Low
The bitcoin price is back below $4,000, falling below a notable milestone after roughly a week of trading above the mark.
By Pete Rizzo
Updated Sep 13, 2021, 6:51 a.m. Published Aug 22, 2017, 1:55 a.m.
The price of bitcoin is back below $4,000.
Following a period of record highs, average prices across global exchanges declined at the start of trading on August 22, having already dipped more than $150 already from the day's open. At press time, bitcoin was trading at $3,894, its lowest total observed since April 15, when the price hit a low of $3,892.
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However, despite the continued show of strength from the market, some traders indicated a belief that bitcoin's rally – which has catapulted the digital asset to 350 percent gains this year – might be reaching its peak.
BTC VIX, organizer of the cryptocurrency trading group Whale Club, remarked that he is losing confidence in the rally. In particular, he cited the fact that bitcoin prices have dipped below $4,000 four times since first surpassing the milestone, a sign he thinks the market isn't keen to push the price higher in the short term.
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"The bulls are tired," he told CoinDesk.
Elsewhere, market observers predicted that bitcoin might stabilize around the $4,000 mark.
Such a view was put forth by Mike Kayamori, CEO of Japan-based bitcoin exchange Quoine, who saw the dip below $4,000 as a sign of consolidation, if not a cause for alarm.
Like many analysts, he appears to believe bitcoin is likely to trade in range ahead of possible changes to its underlying technology, though these won't come for some time.
"[The market] could go lower, but the next big date will be the Segwit2x in November," he concluded.
Barometer image via Shutterstock
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Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
- Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
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