Crypto trends
Bitcoin (BTC) price changes and trading data analysis of the fourth week of August 2023
Beginner
2023-09-07 | 5m
How to analyze a
BTC price chart in August?? We are publishing a weekly analysis of BTC price trends to help Bitgetters gain more insight into the
crypto market and Bitcoin's
price trends. Below is an analysis report of Bitcoin price changes in the fourth week of August 2023 (August 21 – August 27).
Bitcoin (BTC) trading data analysis
The analysis is based on the Bitcoin (BTC) trading data on the
Bitget exchange in the fourth week of August 2023 (August 21 – August 27). The BTC average price for the week was US$26,145 (around CNY¥190597.05), reflecting a 5.77% down compared to the previous week. This week's
BTC trading volume was about 25,393 BTC, or about US$662,782,693, down 12.45% from the previous week. As of August 27, 2023, 12:00 AM, the BTC price was US$26,101, falling 0.34% from the previous week compared to the closing price of US$26,189 on August 20, 2023.
Global 24h trading volume of Bitcoin (BTC): 350,015 BTC, or US$9,135,737,645.
Average Bitcoin market cap: US$5,08700,000,000, accounting for 46.38% (of total crypto market capitalization).
As of today (August 27, 2023, 12:00 AM), the Bitcoin (BTC) in circulation is 19,473,206 BTC, and the block reward is 6.25 BTC, with 251 days left until the next Bitcoin halving.
Bitcoin (BTC) price change
Bitcoin price
chart of the week (August 21 – August 27)
| Bitcoin (BTC) price | Opening price | Closing price | Highes t price | Lowest price |
| BTC to USD | US$26,189 | US$26,101 | US$26,812 | US$25,345 |
| BTC to CNY | CNY¥190,917.81 | CNY¥190,276.29 | CNY¥195,459.48 | CNY¥184,765.05 |
This week's BTC opening price was US$26,189, and the closing price was US$26,101, representing an down of 0.34%.
This week's lowest
BTC price was US$25,345 on August 22, and this week's highest was US$26,812 on August 23 (1 BTC ≈ ¥195,459.48 CNY). The spread ratio between the lowest and highest prices was 5.11%.
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As of August 27, 12:00 AM, Bitcoin was trading at US$26,090.4 against the USD, down 62.07% from its all-time high of US$68,789.
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Bitcoin's all-time low was US$0.048, meaning that the current price is 543,549 times its all-time low.
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This week's Bitcoin high of US$26,812 is US$4977 below Bitcoin's 2023 high, and is up about 89.52% from its 2023 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 27, 2023 | $26,090 | $26,008 | $26,165 | $25,965 |
| August 26, 2023 | $26,008 | $26,047 | $26,107 | $25,984 |
| August 25, 2023 | $26,048 | $26,164 | $26,248 | $25,787 |
| August 24, 2023 | $26,162 | $26,432 | $26,555 | $25,915 |
| August 23, 2023 | $26,432 | $26,040 | $26,787 | $25,805 |
| August 22, 2023 | $26,032 | $26,131 | $26,136 | $25,521 |
| August 21, 2023 | $26,124 | $26,189 | $26,220 | $25,846 |
Bitcoin price analysis reports in other weeks
Bitcoin (BTC) price change and trading data analysis of the third week of August 2023
Bitcoin (BTC) price changes and trading data analysis of the second week of August 2023
Bitcoin (BTC) price changes and trading data analysis of the first week of August 2023
Bitcoin (BTC) price change and trading data analysis of the fourth week of July 2023
Bitcoin (BTC) price changes and trading data analysis of the third week of July 2023
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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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