- According to CoinMarketCap and Messari, the all-time high price (ATH) of Bitcoin is $ 20,089.
- The ATH on the top exchanges ranges from $ 19,660 on Kraken to $ 20,093 on BitMEX.
- For many Bitcoin watchers, the dollar value doesn’t matter other than drawing attention to the asset.
When the Dow Jones Industrial Average or the S&P 500 hits a record, you know. There is only one number. But if / when the price of Bitcoin, which is currently in an epic rift, surpasses its all-time high so far, we may not be able to realize this as we cannot agree on the current all-time high.
Neeraj Agrawal, communications director of the Coin Center organization for cryptocurrency, asked on Twitter: “What is the ATH anyway?[?] I’m serious, I don’t know the number[.]”
Agrawal was referring to the dollar value of Bitcoin, a difficult number to pin down when it is constantly trading at different prices on every exchange.
Larry Cermak from The block composed a perform the ATH on top exchanges with Bitcoin price values between $ 19,660 (Kraken) on the low end and USD 20,093 (BitMEX) on the high end.
According to CoinMarketCap, the all-time high is $ 20,089, which it hit on December 17, 2017. According to CoinMarketCap’s method, “the price of a cryptoasset is a volume weighted average of the market pair prices for the cryptoasset”. It includes volume to limit the publication of wild price fluctuations on exchanges with low liquidity.
Using the same number, $ 20,089, Messari explains, “The ATH offering is not necessarily the absolute highest retail price. Because of the nature of the historical data we analyze, we cannot always examine every trade for an asset. For some assets, the ATH quoted may refer to the all-time high daily average or a sample price on the day of the all-time high [occurred]. ”
Not clear yet? Wait, there’s another number that comes up a lot: $ 19,783. This figure, taken from the CoinDesk Bitcoin Price Index, is often cited by publications such as capital as an all-time high Bitcoin price.
The difference in index numbers, said Messari researcher Ryan Watkins Decrypt“Everything depends on which exchanges they use and how each provider calculates the prices.”
So … where are we?
When asked to answer his own question, Agrawal said Decrypt“Really, I think 20,000 is the line for mainstream attention (which is why I care).”
Artur Sapek, founder of the Crypto Markets Platform and Kraken subsidiary Cryptowatch, agreed.
“Personally, I think around $ 20,000 is a good milestone to consider an all-time high as ATHs have been so different on each exchange and the dollar has depreciated since 2017,” said Sapek Decrypt. “Adjusted for inflation, $ 20,000 seems like a reasonable ATH number to use right now.”
Paul Veradittakit, Partner at Pantera Capital, said Decrypt: “I never thought the price was important, except for the media, mainstream, fundraising and recruiting. That said, it helps when the price goes up, and I consider Bitcoin ATH to be $ 19,783 when it hits that price on most exchanges. “
Matthew Graham, CEO of Sino Global Capital, said Decrypt: “I don’t think it’s important. Whichever way you measure it, we’ll soon be breaking the old heights. Everything is ahead of us. “
Let’s just call it $ 20,000.
Correction: In an earlier version of this article, the CoinDesk Bitcoin Price Index was incorrectly referred to as the CoinDesk 20 index.