© Reuters. Bitcoin Falls 10.34% In Selloff
Investing.com – was trading at $33,822.6 by 16:04 (16:04 GMT) on the Investing.com Index on Wednesday, down 10.34% on the day. It was the largest one-day percentage loss since September 3, 2020.
The move downwards pushed Bitcoin’s market cap down to $638.6B, or 64.99% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $758.5B.
Bitcoin had traded in a range of $33,623.9 to $36,384.4 in the previous twenty-four hours.
Over the past seven days, Bitcoin has seen a stagnation in value, as it only moved 0.21%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $64.8B or 43.30% of the total volume of all cryptocurrencies. It has traded in a range of $33,623.8984 to $40,054.3086 in the past 7 days.
At its current price, Bitcoin is still down 19.32% from its all-time high of $41,921.72 set on January 8.
Elsewhere in cryptocurrency trading
was last at $1,264.33 on the Investing.com Index, down 11.77% on the day.
Tether was trading at $0.9998 on the Investing.com Index, a loss of 0.18%.
Ethereum’s market cap was last at $146.1B or 14.87% of the total cryptocurrency market cap, while Tether’s market cap totaled $24.8B or 2.52% of the total cryptocurrency market value.
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