© Reuters. Bitcoin Tumbles 21.27% In Bearish Trade
Investing.com – was trading at $28,204.5 by 10:17 (10:17 GMT) on the Investing.com Index on Monday, down 21.27% on the day. It was the largest one-day percentage loss since March 12, 2020.
The move downwards pushed Bitcoin’s market cap down to $575.7B, or 68.55% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $612.9B.
Bitcoin had traded in a range of $28,204.5 to $33,587.5 in the previous twenty-four hours.
Over the past seven days, Bitcoin has seen a rise in value, as it gained 15.58%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $89.7B or 21.89% of the total volume of all cryptocurrencies. It has traded in a range of $25,902.7539 to $34,755.8516 in the past 7 days.
At its current price, Bitcoin is still down 18.85% from its all-time high of $34,755.85 set on January 3.
Elsewhere in cryptocurrency trading
was last at $895.34 on the Investing.com Index, up 9.35% on the day.
Tether was trading at $1.0004 on the Investing.com Index, a loss of 0.02%.
Ethereum’s market cap was last at $110.4B or 13.15% of the total cryptocurrency market cap, while Tether’s market cap totaled $21.3B or 2.54% of the total cryptocurrency market value.
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