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Bitcoin Price Tops $4,400 As Crypto Market Nears $150 Billion
The price of bitcoin passed $4,400 for the first time on August 14, a move that helped bring the total value of the crypto market above $140 billion.
By Pete Rizzo
Updated Sep 13, 2021, 6:49 a.m. Published Aug 15, 2017, 12:35 a.m.
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Bitcoin prices have set an all-time high above $4,400.
Just an hour after the August 15 session opened, the average price of bitcoin was up across global exchanges, rising from an opening total of $4,382. At press time, the price continued to edge upward, following a day in which in gained more than $200, rising to $4,382 from $4,111 on Sunday.
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Week-over-week, price gains were even more impressive, with the value of the cryptocurrency rising just over 30% from $3,382 at the end of trading a week ago.
The movement comes at a time when institutional investors are beginning to take a new interest in bitcoin and the larger cryptocurrency asset class.
Not only are major investment managers and analysts now tracking the asset, but accredited investors have been seeking to diversify opportunities in the space, investing nearly $200 million in an initial coin offering (ICO) for a blockchain network called filecoin last week, a venture aimed at creating a distributed protocol for file storage.
Also up on the day was the value of all cryptocurrencies issued, with data from Coinmarketcap indicating the asset class is now valued at $141 billion, up nearly 20 percent from $118 billion last week.
Bitcoin image via Shutterstock
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- 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.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- 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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Bitcoin’s weakness versus gold and equities puts quantum computing fears back in focus
Some investors have revived concerns that quantum computing could threaten bitcoin, but analysts and developers say recent price weakness reflects market structure.
What to know:
- Bitcoin’s recent price stagnation has sparked a renewed debate over quantum-computing risks, with investor Nic Carter arguing that quantum fears are already shaping market behavior.
- On-chain analysts and prominent investors counter that the slowdown is better explained by large holders taking profits and increased supply hitting the market around the $100,000 level.
- Most bitcoin developers still view quantum attacks as a distant, manageable threat, noting that proposed upgrades like BIP-360 provide a path to quantum-resistant security and are unlikely to explain short-term price moves.
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