Share this article
Below $5K: Bitcoin Drops $500 to Set New 2018 Low
The price of bitcoin fell below $5,000 on Monday for the first time since October of last year.
By Sam Ouimet
Updated Sep 14, 2021, 1:53 p.m. Published Nov 19, 2018, 4:42 p.m.
Bitcoin dropped below $5,000 for the first time in over 13 months on Monday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
reveals the world's largest cryptocurrency by market capitalization fell to $4,981 shortly after 16:30 UTC on Monday, signifying a dollar-decline of more than $500 for the day when the move occurred.
That's the lowest figure since Oct. 12, 2017, and as of press time, the price has recovered somewhat to $5,048 – still signifying a decline of more than 9 percent.
The broader cryptocurrency market accompanied BTC in its steep sell-off and has shed more than $15 billion in total market capitalization in the last 24 hours.
Many cryptocurrencies are faring worse than BTC, including the likes of ether , and EOS, all of which are posting 24-hour losses above 10 percent.
According to data from OnChainFX, some of the biggest losses of the day include Aragon, LBRY Credits and ZClassic, all of which have seen price declines in excess of 20 percent in the past day.
Disclosure: The author holds BTC, AST, REQ, OMG, FUEL, 1st and AMP at the time of writing.
Roller coaster 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.
More For You
Norway's sovereign wealth fund supports Metaplanet bitcoin plan ahead of EGM vote
Norges Bank, which holds a 0.3% stake in Metaplanet voted in favor of for all five proposals ahead of the Dec. 22 EGM.
What to know:
- Norway’s sovereign wealth fund, which holds about 0.3% of Metaplanet, voted in favour of all five proposals ahead of the company’s Dec. 22 Extraordinary General Meeting, backing its Bitcoin treasury strategy.
- The proposals introduce perpetual preferred shares and expand capital flexibility to support non dilutive Bitcoin accumulation.
Top Stories
