Bitcoin Falls 10.04% In Selloff

  • Investing.com
  • Cryptocurrency News
Bitcoin Falls 10.04% In Selloff
Credit: © Reuters.

Investing.com - Bitcoin was trading at $34,954.5 by 17:31 (15:31 GMT) on the Investing.com Index on Saturday, down 10.04% on the day. It was the largest one-day percentage loss since Friday, January 21, 2022.

The move downwards pushed Bitcoin's market cap down to $665.7B, or 41.56% of the total cryptocurrency market cap. At it's highest, Bitcoin's market cap was $1,275.5B.

Bitcoin had traded in a range of $34,116.0 to $36,749.8 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 18.59%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $49.5B or 32.58% of the total volume of all cryptocurrencies. It has traded in a range of $34,116.0078 to $43,487.1367 in the past 7 days.

At its current price, Bitcoin is still down 49.33% from its all-time high of $68,990.63 set on Wednesday, November 10, 2021.

Elsewhere in cryptocurrency trading

Ethereum was last at $2,384.74 on the Investing.com Index, down 15.73% on the day.

Tether was trading at $1.0008 on the Investing.com Index, a gain of 0.05%.

Ethereum's market cap was last at $287.1B or 17.93% of the total cryptocurrency market cap, while Tether's market cap totaled $78.3B or 4.89% of the total cryptocurrency market value.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100