BTC 7-day Price Chart Drop Aug 2022

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Bitcoin (BTC), the world’s top cryptoasset by market capitalization, fell below USD 20,000 on Aug 28th.

BTC was trading at USD 19,888 at 15:00 UTC on Sunday. This slight recovery followed USD 19,858 dip.

BTC 7-day price chart. Source: coingecko.com

At the time of writing, it is down 1% in a day and 6% in a week. Overall, the price dropped 16% over the past month and 60% over the past year.

Compared to its all-time high of USD 69,044 recorded in November last year, BTC is down 71%, according to CoinGecko.

Bitcoin had visited the USD 19,000 level several times this year: first in June, then again in July. It had kept above that level since mid-July however, touching it once again today.

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