Bitcoin Falls 10% In Bearish Trade By Investing.com

Investing.com – Bitcoin was trading at $26,014.9 by 17:50 (21:50 GMT) on the Investing.com Index on Thursday, down 10.19% 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 $537.6B, or 49.05% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $1,275.5B.

Bitcoin had traded in a range of $25,489.4 to $28,771.8 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 6.13%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $21.7B or 50.16% of the total volume of all cryptocurrencies. It has traded in a range of $25,489.3574 to $29,689.0352 in the past 7 days.

At its current price, Bitcoin is still down 62.29% from its all-time high of $68,990.63 set on November 10, 2021.

Elsewhere in cryptocurrency trading

Ethereum was last at $1,599.08 on the Investing.com Index, down 11.73% on the day.

Tether was trading at $0.9997 on the Investing.com Index, a gain of 0.05%.

Ethereum’s market cap was last at $205.2B or 18.72% of the total cryptocurrency market cap, while Tether’s market cap totaled $82.9B or 7.57% of the total cryptocurrency market value.