Bitcoin Falls 10% In Bearish Trade
Investing.com - Bitcoin was trading at $7,492.5 by 09:22 (13:22 GMT) on the Investing.com Index on Wednesday, down 10.06% on the day. It was the largest one-day percentage loss since September 24.
The move downwards pushed Bitcoin's market cap down to $137.1B, or 64.86% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.
Bitcoin had traded in a range of $7,492.5 to $8,055.0 in the previous twenty-four hours.
Over the past seven days, Bitcoin has seen a drop in value, as it lost 5.72%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $17.9B or 28.59% of the total volume of all cryptocurrencies. It has traded in a range of $7,492.5371 to $8,315.2666 in the past 7 days.
At its current price, Bitcoin is still down 62.29% from its all-time high of $19,870.62 set on December 17, 2017.
Elsewhere in cryptocurrency trading
Ethereum was last at $159.82 on the Investing.com Index, down 8.31% on the day.
XRP was trading at $0.27188 on the Investing.com Index, a loss of 8.42%.
Ethereum's market cap was last at $17.5B or 8.29% of the total cryptocurrency market cap, while XRP's market cap totaled $12.0B or 5.69% of the total cryptocurrency market value.
Related Articles
Zuckerberg faces grilling on Facebook's ambitious digital currency plans
NewsBreak - Bitcoin Falls to 5-Month Lows
Deutsche Boerse, Commerzbank Settle Tokenized Securities Using DLT
