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Bitcoin's Price Drops Below $10,000 for First Time Since Early December
The price of bitcoin has fallen below $10,000 for the first time since early December.
By Stan Higgins
Updated Sep 13, 2021, 7:23 a.m. Published Jan 17, 2018, 2:26 p.m.
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The price of bitcoin has fallen below $10,000 for the first time since early December.
According to CoinDesk's Bitcoin Price Index (BPI), the cryptocurrency's value has hit a low of $9,714.02 as of press time. The last time bitcoin's price was below $10,000 was on Dec. 1, BPI data shows.
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As of the time of writing, the price had recovered somewhat, trading at $9,737.20. Market analysis suggests that the price could shift in either direction and recent regulatory developments – out of South Korea and China in particular – could roil markets further, according to some observers.
Bitcoin's come comes amid the backdrop of a wider fall in cryptocurrency markets, a state of affairs which was on full display during yesterday's trading session. Data from CoinMarketCap shows that many of the top cryptocurrencies remain in the red for the past 24 hours, including ether, which has fallen below $900.
By far the worst performer is the BitConnect cryptocurrency, which has plunged more than 90% on news that the company behind is moving to shutter its lending and exchange platform amid a wave of criticism and regulatory scrutiny.
As it stands, the collective market capitalization of all cryptocurrencies has dropped more than $200 billion since yesterday.
Image via Shutterstock
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
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- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Gold tops $5,000 as bitcoin stalls near $87,000 in widening macro-crypto split: Asia Morning Briefing
Bitcoin’s onchain data points to supply overhang and weak participation, while gold’s breakout is priced by markets as a durable macro regime shift.
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- Gold’s surge above $5,000 an ounce is increasingly seen as a durable regime shift, with investors treating the metal as a persistent hedge against geopolitical risk, central bank demand and a weaker dollar.
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