Bitcoin's Price Edges Back Above $1,800 After Near $100 Gain
The price of bitcoin is once again above $1,800 following a recent uptick that comes amid increasing exchange competition.


The price of bitcoin is up nearly $100 on the day, rising more than 5% to reach a high of $1,814 on the CoinDesk Bitcoin Price Index (BPI).
At press time, the average bitcoin price across major exchanges was $1,808, up from an opening average of $1,718.20. The increase follows a correction earlier this week in which bitcoin fell to $1,650, and comes at a time at which the market for blockchain protocols is becoming more competitive.
In particular, protocols like Ripple Consensus Ledger, developed by San Francisco startup Ripple for cross-border transactions, and ethereum, a blockchain for smart contracts, have begun to develop unique value propositions that appear to be winning investment dollars.
Ripple's XRP token, for instance, is up nearly 6,000% on the year, while ethereum's ether token was up nearly 1,000%.
The development has not gone unnoticed by exchange and brokerage operators.
In response to questions about how new customers are behaving, Bram Ceelen, co-founder of cryptocurrency brokerage Anycoin Direct, reported they are "pretty much buying everything", a statement that's consistent with the current speculative appetite.
"Altcoin volume might have even increased more than bitcoin volume [of late]," he said.
Andrea Medri, founder of cryptocurrency exchange The Rock Trading, however, voiced his optimism that bitcoin would continue to establish its own value proposition, even in such an environment.
"[Bitcoin] always retraces itself," said, adding:
"I'm coming from the times when it dropped from 10$ to 1$."
Rock climbing image via Shutterstock
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Exchange Review - March 2025

CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
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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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