© Reuters. Bitcoin Dips Below 5,991.8 Level, Down 56%Investing.com – fell bellow the $5,991.8 level on Tuesday. Bitcoin was trading at 5,991.8 by 08:06 (13:06 GMT) on the Investing.com Index, down 55.99% on the day. It was the largest one-day percentage loss since February 20, 2014.
The move downwards pushed Bitcoin’s market cap down to $165.9B, or 63.93% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $241.2B.
Bitcoin had traded in a range of $3.1 to $9,347.5 in the previous twenty-four hours.
Over the past seven days, Bitcoin has seen a stagnation in value, as it only moved 1.02%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $30.1B or 27.91% of the total volume of all cryptocurrencies. It has traded in a range of $3.0846 to $9,582.7783 in the past 7 days.
At its current price, Bitcoin is still down 69.85% from its all-time high of $19,870.62 set on December 17, 2017.
Elsewhere in cryptocurrency trading
was last at $156.17 on the Investing.com Index, down 21.62% on the day.
was trading at $0.14295 on the Investing.com Index, a loss of 75.84%.
Ethereum’s market cap was last at $20.3B or 7.83% of the total cryptocurrency market cap, while XRP’s market cap totaled $10.9B or 4.22% of the total cryptocurrency market value.
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