Bitcoin Falls 10% In Bearish Trade
Investing.com – was trading at $33,644.3 by 06:53 (11:53 GMT) on the Investing.com Index on Saturday, down 10.22% on the day. It was the largest one-day percentage loss since January 21.
The move downwards pushed Bitcoin’s market cap down to $629.0B, or 63.18% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $758.5B.
Bitcoin had traded in a range of $32,908.5 to $34,920.9 in the previous twenty-four hours.
Over the past seven days, Bitcoin has seen a rise in value, as it gained 4.65%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $91.1B or 50.28% of the total volume of all cryptocurrencies. It has traded in a range of $29,290.4492 to $38,545.9531 in the past 7 days.
At its current price, Bitcoin is still down 19.74% from its all-time high of $41,921.72 set on January 8.
Elsewhere in cryptocurrency trading
was last at $1,342.13 on the Investing.com Index, down 5.59% on the day.
Tether was trading at $1.0007 on the Investing.com Index, a loss of 0.12%.
Ethereum’s market cap was last at $153.8B or 15.45% of the total cryptocurrency market cap, while Tether’s market cap totaled $26.4B or 2.65% of the total cryptocurrency market value.
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