Bitcoin Falls 10% In Selloff
Bitcoin was trading at $20,152.0 by 15:07 (19:07 GMT) on the Investing.com Index on Tuesday, down 10.04% on the day. It was the largest one-day percentage loss since August 19.
The move downwards pushed Bitcoin’s market cap down to $390.4B, or 39.16% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $1,275.5B.
Bitcoin had traded in a range of $20,151.4 to $22,702.5 in the previous twenty-four hours.
Over the past seven days, Bitcoin has seen a rise in value, as it gained 7.31%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $50.7B or 50.79% of the total volume of all cryptocurrencies. It has traded in a range of $18,548.3770 to $22,702.4785 in the past 7 days.
At its current price, Bitcoin is still down 70.79% from its all-time high of $68,990.63 set on November 10, 2021.
Elsewhere in cryptocurrency trading
Ethereum was last at $1,578.77 on the Investing.com Index, down 8.66% on the day.
Tether was trading at $1.0001 on the Investing.com Index, a loss of 0.01%.
Ethereum’s market cap was last at $194.9B or 19.55% of the total cryptocurrency market cap, while Tether’s market cap totaled $67.8B or 6.80% of the total cryptocurrency market value.
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