Bitcoin Falls 10% In Bearish Trade
2022.05.12 07:36
Bitcoin Falls 10% In Bearish Trade
Investing.com – Bitcoin was trading at $28,068.5 by 00:13 (04:13 GMT) on the Investing.com Index on Thursday, down 10.05% on the day. It was the largest one-day percentage loss since May 9.
The move downwards pushed Bitcoin’s market cap down to $538.0B, or 44.48% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $1,275.5B.
Bitcoin had traded in a range of $28,068.5 to $30,136.7 in the previous twenty-four hours.
Over the past seven days, Bitcoin has seen a drop in value, as it lost 28.84%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $73.5B or 33.58% of the total volume of all cryptocurrencies. It has traded in a range of $27,835.4629 to $36,645.9922 in the past 7 days.
At its current price, Bitcoin is still down 59.32% from its all-time high of $68,990.63 set on November 10, 2021.
Elsewhere in cryptocurrency trading
Ethereum was last at $1,942.10 on the Investing.com Index, down 17.73% on the day.
Tether was trading at $0.9994 on the Investing.com Index, a loss of 0.12%.
Ethereum’s market cap was last at $237.2B or 19.61% of the total cryptocurrency market cap, while Tether’s market cap totaled $82.4B or 6.81% of the total cryptocurrency market value.
