Bitcoin drops 10.30% in bearish trading
Investing.com – was trading at $ 42,370.9 at 5:42 am (12:12 am GMT) on the Investing.com index on Tuesday, down 10.30% on the day. This is the largest single-day percentage loss since Tuesday, September 7, 2021.
The downward move lowered Bitcoin’s market cap to $ 800.9 billion, or 42.57% of the cryptocurrency’s total market cap. At its all-time high, Bitcoin’s market cap was $ 1,184.9 billion.
Bitcoin had traded in a range of $ 42,365.0 to $ 43,033.6 in the previous twenty-four hours.
Over the past seven days, Bitcoin has seen its value drop, as it has lost 5.33%. The volume of Bitcoin traded in the twenty-four hours prior to writing was $ 42.0 billion, or 29.93% of the total volume of all cryptocurrencies. It has traded in a range of $ 42,279.6836 to $ 48,761.0430 in the last 7 days.
At its current price, Bitcoin is still down 34.59% from its all-time high of $ 64,778.04 set on Wednesday, April 14, 2021.
Elsewhere in cryptocurrency trading
, was the last at $ 2,923.54 on the Investing.com Index, down 12.18% on the day.
Tether was trading at $ 1,0004 on the Investing.com Index, a gain of 0.00%.
Ethereum’s market cap was $ 345.2 billion or 18.35% of the total cryptocurrency market cap, while Tether’s market cap was $ 68.3 billion or $ 3. 63% of the total market value of the cryptocurrency.