Bitcoin Price: Value of cryptocurrency drops below $7000 mark again

Our up-to-date guide to Bitcoin’s price reveals everything you need to know about the value of Bitcoin in April 2018. What’s the latest Bitcoin price and is the value of the digital currency rising or falling?

Let’s take a look at how Bitcoin’s price looks today, and analyse the latest news and trends.

Bitcoin Price Today: Tuesday, April 10

Bitcoin trading kicked off at $6700 on Tuesday, after its price dropped heavily at the beginning of the week. There haven’t been any signs of a recovery yet, but at least things didn’t get a great deal worse during the morning or early afternoon. It was worth $6730 by 1pm BST. Stay tuned for the latest.

Bitcoin Price: Monday, April 9

After a positive weekend, during which Bitcoin’s price rose from $6593 to $7022, the cryptocurrency continued its gentle ascent on Monday morning, reaching $7146 by 10 am BST. It then dropped off a cliff, dropping as low as $6660 at 9:30 pm BST.

Bitcoin Price: Friday, April 6

It’s once again not looking good for Bitcoin holders. Trading kicked off at $6774 on Friday, with the value later declining to $6588 at 11:00 am BST – a total loss of $186 in a mere matter of hours. It held firm for the rest of the day, closing at $6593.

Bitcoin Price: Thursday, April 5

Bitcoin opened at $6789 on Thursday. The value was sitting at $6760 at 12 pm BST and had risen to $6871 by the time we checked the ticker again at 3:30 pm GMT. It closed at $6774.

Bitcoin Price: Wednesday, April 4

Bitcoin started trading at $7419 on Wednesday, later dropping to $7064 at 10:10 am BST. It hit a low of $6766 at 6:10 pm BST and closed at $6789.

Bitcoin Price: Tuesday, April 3

After hitting a low of $6911 on Monday, Bitcoin started trading at $7049 on Tuesday, before rocketing up to $7406 at 9:30 am BST. The value remained around the $7000 mark for the rest of the day, dropping to $7396 at 2:30 pm BST.

Bitcoin Price: Monday, April 2

Bitcoin opened at $6816 on Monday. We checked the ticker at 10:30 am BST and the token was valued at $7043, though it later dropped below $7000 – hitting $6931 at 4:20 pm BST. It closed at $7049.

Bitcoin Price: Saturday, March 31 – Sunday, April 1

Bitcoin wasn’t as active over the weekend as some would have hoped. The value was resting between $6000 and $7500, hitting a low of $6819 on Saturday and $6474 on Sunday.

Bitcoin Price: Friday, March 30

Bitcoin started trading at $7093 on Friday. The value of the token was sitting at $7005 at 12:30 pm BST and closed at $6894.

Bitcoin Price: Thursday, March 29

Bitcoin opened at $7937 on Thursday, before slipping to $7552 at 9 am BST. It had fallen even further by 12 pm BST, hitting $7457 at 11:45 am BST. Trading drew to a close at $7093.

Bitcoin Price: Wednesday, March 28

Bitcoin started trading at $7970, having dropped below the £8000 mark around an hour earlier. It then declined dramatically, falling to $7770 by 1:30 am BST. However, it gradually picked up as the morning wore on, before soaring up to $8065 by 11:15 am BST. Trading closed at $7937.

Bitcoin Price: Tuesday, March 27

The cryptocurrency started trading at $8180 on Tuesday, but its price dropped off a cliff just before 3 am BST. By 4 am it had fallen to $7840, and two hours later it dropped to $7770. By 9 am, it had risen slightly, to $7860. It fluctuated unpredictably throughout the day, dipping above and below the $8000 mark over the course of the afternoon and evening.

Bitcoin Price: Monday, March 26

After approaching the $9000 mark on Saturday, Bitcoin’s price dropped sharply again on Sunday. It started trading at $8500 on Monday, declining slightly throughout the morning. By 10 am BST, it had fallen to $8390. However, it kept dropping as the day went on, falling as low as $7880 by 11 pm BST.

Bitcoin Price: Friday, March 23

Bitcoin started trading at $8715, but dropped in value throughout the morning. It hit a low of $8370 at 5:30 am GMT, though things looked a little healthier by 10 am GMT, at which point it had bounced back up to $8500. It continued its slow march upwards throughout the afternoon, reaching $8620 at 4pm GMT.

Bitcoin Price: Thursday, March 22

And the decline has begun. Bitcoin started trading at $8895 on Thursday and had dropped to $8748 by 9:30 am GMT. It was worth $8703 at 1:30 pm GMT, and closed at $8715.

Bitcoin Price: Wednesday, March 21

Bitcoin opened at $8915 on Wednesday and had climbed to $9059 by 9:40 am GMT. The value remained around the same mark throughout the rest of the day, crossing $9060 at 1:30 pm GMT. Trading closed at a not-so-impressive $8895, hinting that yet another significant drop in value is due in the coming days, contradicting a number of experts’ predictions.

Bitcoin Price: Tuesday, March 20

Bitcoin hasn’t managed to snap out of its downward spin. Trading kicked off at $8594 on Tuesday, with the value dipping to $8403 at 9:35 am GMT. That could be the calm before the storm, however – some experts predict that Bitcoin is preparing to boom and could be valued at as much as $10,000 by the end of the week. The token was worth $8547 at 15:20 pm GMT and closed at $8915.

Bitcoin Price: Monday, March 19

Bitcoin started trading at $8196 on Monday. The value was sitting at $8316 and had dropped to $8259 by the time we checked the ticker again at 1:05 pm GMT. Trading closed at $8594.

Bitcoin Price: Saturday, March 17 – Sunday, March 18

Bitcoin idled between $7000 and $8000, hitting a low of $7559 on Saturday and $7335 on Sunday – a drop of more than $2400 in less than a week.

Bitcoin Price: Friday, March 16

Bitcoin kicked off the day at $8260, and not a lot changed throughout the early morning. It threatened to drop off a cliff just after midnight, but swiftly recovered after declining by almost $300 in an hour.

As of 8 am GMT, it was worth $8233, an increase of more than $250 from 8 am on Thursday. It then shot up just after lunchtime, and was worth $8550 at 5 pm GMT.

Stay tuned for the latest.

Bitcoin Price: Thursday, March 15

Bitcoin’s price continues to fall. After opening the day at $8700, it fell as low as $7715 just after 6 am GMT. It then climbed to $8270 at 10 am GMT, before slumping again.

Bitcoin Price: Wednesday, March 14

Bitcoin slipped below the $9000 on Wednesday. Trading commenced at $9144, but nosedived to $8936 at 9:30 am GMT. It was idling at $8702 at 2:15 pm GMT.

Bitcoin Price: Tuesday, March 13

Bitcoin started trading at $9118 on Tuesday, experiencing an unsteady start to the day – with the value dropping and spiking every few hours. The token was resting at $9274 at 9:30 am GMT and slipped to $8943 at 1 pm GMT. It closed at $9144.

Bitcoin Price: Monday, March 12

Bitcoin is once again nearing the $10,000 mark. Trading commenced at $9532 on Monday and had risen to $9808 by 10 am GMT, with some experts predicting that the token will be valued at $10,000 before 1 pm GMT. But they were wrong. The token was sitting at $9836 at 12 pm GMT and had dropped to $9173 by 5:45 pm GMT. Trading closed at $9118.

Bitcoin Price: Sunday, March 11

Bitcoin started trading at $8787 on Sunday. We checked the ticker at 8:40 am GMT and it was sitting at $8788. The value remained around the same until 12 pm GMT, when it surged to $9098. The surge continued throughout the rest of the day, with the token closing at $9532.

Bitcoin Price: Saturday, March 10

Bitcoin opened at $9372 on Saturday and remained above the $9000 mark until 8:30 pm GMT, when the token took a sudden turn for the worst – dipping to $8952. Trading closed at $8787.

Bitcoin Price: Friday, March 9

Trading kicked off at $9299 on Friday, with the value later declining to $8595 at 4:30 am – a total loss of $694 in a mere matter of four and a half hours. It was resting at $8465 at 10 am GMT, then spiked to $9118 at 2:30 pm GMT, before plummeting again, dropping as low as $8675 at 5 pm GMT. It closed at $9372.

Stay tuned for the latest.

Bitcoin Price: Thursday, March 8

Bitcoin started trading at $9906 on Thursday. We checked the ticker at 9:30 am GMT and the value was sitting at a comfortable $9982. That fell slightly during the afternoon, however, dropping to $9841 at 4:30 pm GMT. It closed at $9299.

Bitcoin Price: Wednesday, March 7

Bitcoin, which is still the world’s largest virtual currency by market share, has begun yet another downward spiral. Trading opened at $10,709 on Wednesday, with the value trickling down to $10,467 at 10 am GMT. It started to gain traction at midday, though, crossing $10,600 at 12:20 pm GMT.

However, it started plummeting just after 4 pm GMT, falling by around $700 in a matter of minutes. It was worth less than $10,000 by 5 pm GMT and closed at $9906, according to the Coinbase exchange.

Bitcoin Price: Tuesday, March 6

Bitcoin experienced a choppy start to the day on Tuesday, opening at $11,432, before hurtling down to $11,225 at 1 am GMT. It was sitting at $11,157 at 10:15 am GMT and later dropped below $11,000 – hitting $10,899 at 1:15 pm GMT. It closed at $10,709.

Bitcoin Price: Monday, March 5

Bitcoin suffered a slight dip in value at the start of the weekend, but it bounced back quickly, recovering on Sunday afternoon and surging past the $11,500 mark in the early hours of the morning. It remained steady throughout the afternoon.

Considering the huge price plunges we’ve seen in 2018, it’s been a very positive day for investors. A month ago, remember, the cryptocurrency was worth less than $7800. It closed at $11,432.

Bitcoin Price: Friday, March 2

Bitcoin took a bit of a backseat to MWC 2018 and the Galaxy S9 this week, but it has stayed at a comfortable level of around $11,000 heading into the weekend. That’s around £7850 in GBP.

It’ll no doubt be back in the spotlight as normal service resumes next week, or alternatively, read on for how Bitcoin’s price has fared in recent weeks and stay tuned for the latest.

Bitcoin Price: February 23-March 1

A generally strong recent performance for Bitcoin has seen its price recover from the sub-$10,000 levels it was flirting with – things are definitely trending upwards for Bitcoin at the moment, but cryptocurrencies are highly volatile and that could all change in an instant.

Bitcoin Price: Thursday, February 22

The future is looking glum for Bitcoin, which opened at $10,456 on Thursday. The value slipped to $10,360 at 10 am GMT, before plummeting to $9861 at 1:30 pm GMT after it emerged that the UK is looking to regulate virtual currencies. It closed at $9830.

Bitcoin Price: Wednesday, February 21

Bitcoin started trading at $11,228 on Wednesday. We checked the ticker at 9:50 am GMT and the value was resting at $11,156. It dipped to $11,026 at 12:30 pm GMT, later nosediving to $10,616 at 3 pm GMT. It closed at $10,456.

Bitcoin Price: Tuesday, February 20

The value of Bitcoin is on the up. The token opened at $11,159 on Tuesday and rose to $11,402 at 12:20 am GMT. It later dropped to $11,253 at 9:30 am GMT, only to rocket past $11,500 at 12:20 pm GMT. It closed at $11,228.

Bitcoin Price: Monday, February 19

Continuing from Sunday, Bitcoin opened at $10,396 on Monday. The value of the token was sitting at $10,733 at 9:30 am GMT and crept up to $11,002 at 12:08 pm GMT, before later dropping to $10,917 at 2:45 pm GMT. It closed at $11,159.

Bitcoin Price: Sunday, February 18

After closing at $11,092 on Saturday, experts expected the value of Bitcoin to continue rising throughout Sunday – but that wasn’t the case. After climbing to $11,277 at 2:48 am GMT, the token took a turn for the worst, starting a downward spiral that saw the price hit $10,506 at 8:35 am GMT. It closed at $10,396.

Bitcoin Price: Saturday, February 17

The value of Bitcoin ventured back into the five-figure realm on Saturday. The token opened at $10,178 and reached $10,813 at 9:30 am GMT. The price dropped to $10,790 at 12:30 pm GMT, but later shot up – closing at a cool $11,092.

Bitcoin Price: Friday, February 16

Bitcoin opened at $10,016 on Friday, before rising to $10,259 at 2 am GMT. The price had dipped to $9918 by the time 9 am GMT came around, however. We checked the ticker at 12:30 pm GMT and it was idling around the $9860 mark. It crossed the $10,000 mark again 2:30 pm and closed at $10,178.

Bitcoin Price: Thursday, February 15

Bitcoin is back in business. The token opened at $9477 on Thursday. The value took a turn for the best at 8:00 am GMT, rocketing to $9961, though it dipped to $9727 at 11:05 am GMT – but it’s showing signs of crossing the $10,000 mark by the end of the day, according to some experts. And it did, closing at $10,016.

Bitcoin Price: Wednesday, February 14

Bitcoin opened at $8516 on Wednesday. The value quickly rose to $8834 at 4 am GMT. It did, however, drop to $8856 at 8:15 am GMT, but later picked up, closing at $9477.

Bitcoin Price: Tuesday, February 13

Bitcoin opened with a value of $8925, but had plummeted to $8518 by the time 8:30 am GMT came around. It climbed to $8613 at 3 pm GMT, though later closed at $8516.

Bitcoin Price: Monday, February 12

Bitcoin could be about to make a U-turn.

The value of the token reached $8808 within eight hours of trading opening on Monday – up $702 from the previous day. The spike came a mere matter of hours after an influential player in the crypto market voiced his prediction that the price of one token could cross $100,000 in the near future. It closed at $8891.

Bitcoin Price: Sunday, February 11

The future of Bitcoin is looking glum. Trading opened at $8556 on Sunday, before dropping to $7848 at 8:05 am GMT. The price was sitting at $7916 at 9:30 am GMT, leading some to believe that it could be valued at somewhere in the region of $8000 to $8300 by midday, though the curtains closed at $8106.

Bitcoin Price: Saturday, February 10

Bitcoin has at last cleared $9000. The virtual currency opened at $8,608.62 on Saturday. It briefly rose to a high of $9061 at 7:02 am GMT, though it soon dipped to $8859 at 8:25 am GMT – with experts confident that it will be resting in the mid 9000s before the day’s out. But that wasn’t the case, with Bitcoin closing at $8556.

Bitcoin Price: Friday, February 9

Bitcoin opened at $8179 on Friday, but dropped to $7866 at 1 am GMT. It had climbed up to $8298 at 9:30 am GMT and was sitting at $8324 at 12 pm GMT – indicating that it could very well cross $9000 by the end of the day. But progress had stalled at 4:00 pm GMT, with the value hitting $8370, before closing at $8675.

Bitcoin Price: Thursday, February 8

Bitcoin is very much in recovery mode after a calamitous stretch.

The world’s largest cryptocurrency opened just shy of the $8000 mark on Thursday – which it subsequently cleared. As of 10:30 am GMT, Bitcoin was sitting at around $8500, making for a strong recent spell since reaching a nadir of under $6000 per coin on Tuesday. It closed at $8243.

Bitcoin Price: Wednesday, February 7

Bitcoin opened at $7700 on Monday, before rising to $7887 at 10 am GMT – a good sign considering the price was sitting at less than $6000, its lowest price since November 2017, at the same time on Tuesday.

As you’ll see from our Thursday update (above), this trend continued and Bitcoin is now very much on the up again.

Bitcoin Price: Tuesday, February 6

Bitcoin is showing slight signs of recovery this morning, having dramatically crashed over the last 24 hours. As of 8 am GMT it had sunk to below $6000 – its lowest price since November 2017 – but subsequently fought back and climbed over $7000 at 4.30 pm GMT.

In total, over $550 billion worth of value has been wiped off the entire cryptocurrency market in 2018 as fears grow over stricter regulations of trading in a number of countries including the US, UK, South Korea and India.

Bitcoin Price: Monday, February 5

It’s not looking good for Bitcoin holders. Trading opened at $8202 on Monday, but abruptly plummeted to $7632 at 11 am GMT when Lloyds Bank made the bold decision to ban customers from purchasing Bitcoin using its credit cards.

“Across Lloyds Bank, Bank of Scotland, Halifax and MBNA, we do not accept credit card transactions involving the purchase of cryptocurrencies,” said a spokeswoman for the Lloyds Banking Group in a statement issued to The Guardian.

Bitcoin showed no sign of recovering as we entered the afternoon, with the price sitting at $7384 at 2:50 pm GMT – down almost $1000 since trading opened. Some experts warned at the time that it could drop below $7000 by the end of the day.

Bitcoin Price: Sunday, February 4

Bitcoin opened at $9224 on Sunday, but has since suffered a rocky start to the day – diving to $9071 at 8:50 am. But that decline was a drop in the water compared to the nosedive to $8268 when it emerged that Lloyds Bank could ban customers from purchasing Bitcoin using its credit cards.

Bitcoin Price: Saturday, February 3

Bitcoin, which is the largest virtual currency by market share, opened at $8827 on Saturday. It quickly climbed to $8897 at 9 am GMT, only to even out at $8844 at 10 am GMT – with some experts predicting that it will cross the $9000 mark by the end of the day.

And that was the case. At 1 pm GMT, Bitcoin hit $9010. It later rose to $9435, before dropping to $9053 at close of play.

Bitcoin Price: Friday, February 2

It appears that chatter surrounding India clamping down on virtual currencies took more of a toll on Bitcoin’s value than expected, opening at $8186 on Friday, before climbing to $8360 at 12 pm GMT. It closed at a promising $8826.

Bitcoin Price: Thursday, February 1

Bitcoin was thought to have hit a new low on Thursday, with its price sitting at well under $10,000 at start of play – at 10am GMT, it was barely over the $9565 mark, and by lunch, it had plummeted to under $9200.

That’s despite new promises from South Korean financial regulators that an outright cryptocurrency ban is out of the question, and they’re simply seeking to verify buyer and seller identities in a bid to thwart criminals.

However, India and the UK have both expressed a desire to investigate ways of better regulating the cryptocurrency, casting a cloud over the digital coin’s future. In all, Bitcoin is thought to have lost over $130bn worth of value in the month of January.

In fact, India could go further than many other nations, with its finance minister strongly suggesting an outright ban during a budget speech.

Bitcoin Price: Updates from Wednesday, January 31

News surrounding US regulators subpoenaing one of the world’s largest virtual currency exchanges as questions mount over the authenticity of Tether resulted in Bitcoin opening at $10,035 on Wednesday, before quickly dropping to $9627.

It’s since showed some signs of recuperating, reaching $10,158 at 10:30 am GMT, but it still has a long way to go before it’s anywhere near the $13,500 it was sitting at on January 25 – and some experts aren’t convinced it’ll get there.

The price of Bitcoin has since continued to rise. It hit $10,294 at 13:00 pm GMT and is on track to cross the $10,300 mark by 13:30 pm GMT. We will, of course, let you as soon as that happens – so be sure to check back.

Bitcoin Price: Tuesday, January 30

Bitcoin suffered a depressing start to the day, opening at $10,195. It’s thought that the dip was a result of rumours claiming that cryptocurrency Tether – owned by trading exchange Bitfinex – was plucked from thin air to boost the value of Bitcoin.

If that turns out to be true, the value of Bitcoin could plummet by as much as 80 percent, experts have warned. But minimal chatter surrounding the allegation throughout the day resulted in the price creeping up to $10,278 at 3:45 pm GMT.

Could we be witnessing the calm before the storm? Only time will tell.

Bitcoin Price: Monday, January 29

Bitcoin opened at $11,226 on Monday – down almost $500 from the previous day – as news emerged that four armed robbers broke into the home of a City of London finance chief on January 23, forcing him to transfer an unknown quantity of Bitcoin.

The value of Bitcoin dropped to $11,068 at 12:30 pm GMT, only to later rise to $11,234 at 5:50 pm GMT.

Bitcoin Price: Friday, January 26

Theresa May’s revelation that the UK government was considering introducing new legislation to regulate the trade of cryptocurrencies resulted in the value of Bitcoin plummeting overnight.

The virtual currency, which is the largest of its kind by market cap, opened at a measly $10,587 on Friday – with some experts predicting that it will continue its downward spiral as the day goes on.

And it would seem the experts were wrong. The price of Bitcoin had risen to $10,864 as of 3:00 pm GMT.

Bitcoin Price: Thursday, January 25

Thursday was an interesting day for Bitcoin.

UK Prime Minister Theresa ‘Fields of Wheat’ May made a bold declaration in Davos, revealing that Britain would be looking “very seriously” at following in South Korea’s footsteps by cracking down on cryptocurrency trading.

Having enjoyed a high of nearly $14,000 to start the day, Bitcoin’s value plunged to just $11,040.70 as news of the revelation – which Trusted Reviews was one of the first to report – broke.

Things started to improve in the afternoon, however, with Bitcoin sitting at ~$11,231 as of 2:30 pm GMT.

Related: UK Bitcoin ban

Bitcoin Price: Wednesday, January 24

After a shaky start to the week, Bitcoin’s price appeared to be steadying again on Wednesday, with the world’s most popular cryptocurrency clearing the $11,000 mark, having dived closer to $10,000 on Tuesday.

Somewhat predictably, other major digital currencies were also on the up, with Ethereum (ETC) sitting at $1019.97 after slipping to around $920, and Ripple (XRP) recovered to $1.38 having slumped to $1.21 in the same timeframe.

As of 12:30 pm (GMT), the value of Bitcoin had dropped to $11,208 – though it’s possible it could regain the $65 it’s lost since trading opened on Wednesday morning – or the price could continue to fall.

Bitcoin Price: Tuesday, January 23

After opening at $11,840 on Monday – up $2439 from last Thursday’s $9501 – Bitcoin’s value took a dive, hitting $10,325 when trading opened on Tuesday – less than six hours after it emerged that South Korea is planning to introduce legislation that will make anonymous cryptocurrency transactions traceable.

Previous rumours had suggested the country could be preparing to ban cryptocurrency trading outright, though most experts dismissed such speculation. To put it into more relatable (*cough*Brexit*cough*) terms, consider this a ‘soft’ cryptocurrency ban.

Bitcoin isn’t the only virtual currency in troubled waters, however. Ethereum (ETC), Litecoin (LTC) and Ripple (XRP) all experienced a significant dip in value during the same timeframe, according to data obtained by CoinMarketCap. Overall, the cryptocurrency world has suffered a U-turn since its apparent sprint towards recovery last week and on Monday.

Prior to this news, South Korea was said to be mulling over a ban of the exchanges used to trade virtual currencies in the region. It would appear, however, that Ran Neuner, host of CNBC‘s Cryptotrader show, was right in ruling out a blanket ban, when he took to Twitter on January 11 to provide his overview of the then emerging situation.

Related: Best Bitcoin alternatives

Some would see this as the perfect opportunity to invest in cryptocurrencies, but don’t get caught up in the hullabaloo. They’re highly volatile and – as with any investment – you should be aware of the risk involved.

Bitcoin Price: Monday, January 22

It looked like Bitcoin owners could have a good week ahead of them not so long ago.

Trading opened at $11,840 on Monday, January 22 – up $2439 from last Thursday’s $9501, which was the lowest figure recorded so far this year – following US bank Morgan Stanley’s revelation on Friday January 19 that it had started clearing Bitcoin futures.

Ethereum (ETC), Litecoin (LTC) and Ripple (XRP) were also continuing to claw back value on Monday, having started to recover from a recent downturn late last week.

 

 

What do you think of the state of Bitcoin and other cryptocurrencies at the moment? Tweet your thoughts to us @TrustedReviews.