Bitcoin News

Bitcoin Dips Below 9,487.2 Level, Down 14%

© Reuters.
© Reuters. – fell bellow the $9,487.2 level on Tuesday. Bitcoin was trading at 9,487.2 by 17:02 (21:02 GMT) on the Index, down 13.92% on the day. It was the largest one-day percentage loss since February 5, 2018.

The move downwards pushed Bitcoin’s market cap down to $172.2B, or 66.16% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $241.2B.

Bitcoin had traded in a range of $9,476.9 to $11,019.5 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 23.27%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $23.6B or 31.07% of the total volume of all cryptocurrencies. It has traded in a range of $9,476.9424 to $13,134.3623 in the past 7 days.

At its current price, Bitcoin is still down 52.26% from its all-time high of $19,870.62 set on December 17, 2017.

Elsewhere in cryptocurrency trading

was last at $200.46 on the Index, down 15.34% on the day.

was trading at $0.29515 on the Index, a loss of 5.97%.

Ethereum’s market cap was last at $21.9B or 8.42% of the total cryptocurrency market cap, while XRP’s market cap totaled $12.8B or 4.94% of the total cryptocurrency market value.

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