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Bitcoin Tumbles 20.85% In Bearish Trade

Published 16/03/2020, 11:00
© Reuters.  Bitcoin Tumbles 20.85% In Bearish Trade
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Investing.com - Bitcoin was trading at $4,495.6 by 11:00 (11:00 GMT) on the Investing.com Index on Monday, down 20.85% on the day. It was the largest one-day percentage loss since March 12.

The move downwards pushed Bitcoin's market cap down to $84.8B, or 0.00% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.

Bitcoin had traded in a range of $4,495.6 to $5,369.3 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 41.03%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $38.9B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $3,869.4661 to $8,145.4824 in the past 7 days.

At its current price, Bitcoin is still down 77.38% from its all-time high of $19,870.62 set on December 17, 2017.

Elsewhere in cryptocurrency trading

Ethereum was last at $102.93 on the Investing.com Index, down 22.44% on the day.

XRP was trading at $0.12915 on the Investing.com Index, a loss of 20.16%.

Ethereum's market cap was last at $11.7B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $5.9B or 0.00% of the total cryptocurrency market value.

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