3 months ago
Cryptocurrency News

Bitcoin Falls 11% In Rout

Investing.com - Bitcoin was trading at $3,751.1 by 16:22 (21:22 GMT) on the Investing.com Index on Monday, down 10.60% on

Investing.com - Bitcoin was trading at $3,751.1 by 16:22 (21:22 GMT) on the Investing.com Index on Monday, down 10.60% on the day. It was the largest one-day percentage loss since November 24.

The move downwards pushed Bitcoin's market cap down to $64.9B, or 53.15% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.

Bitcoin had traded in a range of $3,679.8 to $4,179.0 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 25.25%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $6.5B or 34.37% of the total volume of all cryptocurrencies. It has traded in a range of $3,634.1890 to $5,013.4360 in the past 7 days.

At its current price, Bitcoin is still down 81.12% from its all-time high of $19,870.62 set on December 17, 2017.

Elsewhere in cryptocurrency trading

XRP was last at $0.35706 on the Investing.com Index, down 7.93% on the day.

Ethereum was trading at $107.36 on the Investing.com Index, a loss of 11.06%.

XRP's market cap was last at $14.3B or 11.68% of the total cryptocurrency market cap, while Ethereum's market cap totaled $11.0B or 9.04% of the total cryptocurrency market value.