Crypto trends
Bitcoin (BTC) price change and trading data analysis of the third week of August 2023
Beginner
2023-08-25 | 5m
How to analyze a
BTC price chart? In order to provide Bitgetters with a deeper understanding of the
crypto market and assist them in making well-informed trading choices, we'll be employing price charts and price analysis. This series will analyze
BTC price changes and trading dataon a weekly basis. Below is an analysis of Bitcoin (BTC) price changes and trading data for the third week (August 14 – August 20) of August 2023.
Bitcoin (BTC) trading data analysis
The analysis is based on the Bitcoin (BTC) trading data on
Bitget, a crypto exchange, in the third week of August 2023 (August 14 – August 20). The BTC average price of the week was US$27,746 (around CNY¥ 201,990.88), down 4.93% from the previous week. Meanwhile, this week's
BTC trading volume was about 28,905 BTC, or about US$756,993,045, up 12.52% from the previous week. As of August 21, 2023, 12:00 AM, BTC price was US$26,189, down 10.62% from the previous week compared to the closing price of US$29,300 on August 14, 2023, 12:00 AM.
Global 24h trading volume of Bitcoin (BTC): 517,556 BTC, or US$13,554,275,272.
Average Bitcoin market cap: US$542,900,000,000, accounting for 46.4% (of total crypto market capitalization).
As of today (August 21, 2023, 12:00 AM), the Bitcoin (BTC) in circulation is 19,466,906 BTC, and the block reward is 6.25 BTC, with 258 days left until the next Bitcoin halving.
Bitcoin (BTC) price change
Price of Bitcoin
for the week (August 14 – August 20)
|
Bitcoin (BTC) price
|
Opening price for the week
|
Closing price for the week
|
Highes t price of the week
|
Lowest price of the week
|
|
US$29,303
|
US$26,189
|
US$29,693
|
US$24,635
|
|
|
BTC to CNY
|
CNY¥213,325.84
|
CNY¥190,655.92
|
CNY¥216,165.04
|
CNY¥179,342.8
|
This week's BTC opening price was US$29,303, and the closing price was US$26,189, representing a decrease of US$3114, or 10.63% from the previous week.
This week's lowest BTC price appeared on August 17 at US$24,635, and this week's highest was US$29.693 on August 14 (1 BTC ≈ CNY¥216,165.04). The spread ratio between the lowest and highest prices was 17.64%.
-
As of August 21, 12:00 AM, Bitcoin was trading at US$26,189.3 against the USD, down 61.93% from its all-time high of US$68,789.
-
Bitcoin's all-time low is US$0.048 and has risen 545,609 times from its all-time low.
-
This week's Bitcoin high of US$29,693 is below Bitcoin's 2023 yearly high of US$31,809, and is up about 89.52% from the yearly low of US$15,958.
This week's Bitcoin (BTC) price details are as follows:
(Data from the Bitget trading platform)
|
Date
|
Closing price
|
Opening price
|
Highest price
|
Lowest price
|
|
August 20, 2023
|
US$26,190
|
US$26,100
|
US$26,269
|
US$25,999
|
|
August 19, 2023
|
US$26,096
|
US$26,053
|
US$26,262
|
US$25,800
|
|
August 18, 2023
|
US$26,050
|
US$26,636
|
US$26,802
|
US$25,691
|
|
August 17, 2023
|
US$26,665
|
US$28,726
|
US$28,772
|
US$25,489
|
|
August 16, 2023
|
US$28,702
|
US$29,195
|
US$29,251
|
US$28,718
|
|
August 15, 2023
|
US$29,170
|
US$29,427
|
US$29,472
|
US$29,119
|
|
August 14, 2023
|
US$29,408
|
US$29,300
|
US$29,689
|
US$29,116
|
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Disclaimer and risk warning: The contents of this article are provided on an "as-is" basis and are for general information and educational purposes only and do not constitute any representation or warranty. It should not be construed as investment advice, nor is it intended to recommend specific products or services. Digital asset prices can be volatile. The value of your investment can go up or down and you may not recover your investment amount.
You are solely responsible for your investment decisions and Bitget Academy is not liable for any losses you may suffer.
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