Ripple News

Bitcoin Plunges 30% In Rout

© Reuters. – Bitcoin was trading at $10,680.8 by 16:22 (20:22 GMT) on the Index on Thursday, down 30.39% on the day. It was the largest one-day percentage loss since February 24, 2014.

The move downwards pushed Bitcoin’s market cap down to $190.6B, or 61.41% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $241.2B.

Bitcoin had traded in a range of $10,657.9 to $13,422.0 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a rise in value, as it gained 13.04%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $41.7B or 32.27% of the total volume of all cryptocurrencies. It has traded in a range of $9,517.3838 to $13,929.8066 in the past 7 days.

At its current price, Bitcoin is still down 46.25% from its all-time high of $19,870.62 set on December 17, 2017.

Elsewhere in cryptocurrency trading

Ethereum was last at $285.19 on the Index, down 23.72% on the day.

XRP was trading at $0.40476 on the Index, a loss of 19.65%.

Ethereum’s market cap was last at $30.5B or 9.83% of the total cryptocurrency market cap, while XRP’s market cap totaled $17.2B or 5.56% of the total cryptocurrency market value.

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