Bitcoin Falls 10% In Bearish Trade
Bitcoin Falls 10% In Bearish Trade
Investing.com – Bitcoin was trading at $65,940.0 by 05:15 (09:15 GMT) on the Investing.com Index on Friday, down 10.10% on the day. It was the largest one-day percentage loss since November 9, 2022.
The move downwards pushed Bitcoin’s market cap down to $1,320.0B, or 51.81% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $1,435.8B.
Bitcoin had traded in a range of $65,765.6 to $72,398.1 in the previous twenty-four hours.
Over the past seven days, Bitcoin has seen a stagnation in value, as it only moved 0.36%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $77.9B or 38.57% of the total volume of all cryptocurrencies. It has traded in a range of $65,765.6172 to $73,740.8984 in the past 7 days.
At its current price, Bitcoin is still down 10.58% from its all-time high of $73,740.90 set on March 14.
Elsewhere in cryptocurrency trading
Ethereum was last at $3,591.53 on the Investing.com Index, down 9.74% on the day.
Tether USDt was trading at $0.9990 on the Investing.com Index, a loss of 0.02%.
Ethereum’s market cap was last at $440.3B or 17.28% of the total cryptocurrency market cap, while Tether USDt’s market cap totaled $103.2B or 4.05% of the total cryptocurrency market value.
