Bitcoin Falls 11% In Bearish Trade
2022.05.09 21:51
Bitcoin Falls 11% In Bearish Trade
Investing.com – Bitcoin was trading at $30,717.6 by 14:38 (18:38 GMT) on the Investing.com Index on Monday, down 10.96% on the day. It was the largest one-day percentage loss since September 7, 2021.
The move downwards pushed Bitcoin’s market cap down to $592.3B, or 41.52% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $1,275.5B.
Bitcoin had traded in a range of $30,716.2 to $34,227.0 in the previous twenty-four hours.
Over the past seven days, Bitcoin has seen a drop in value, as it lost 18.67%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $50.4B or 39.03% of the total volume of all cryptocurrencies. It has traded in a range of $30,716.2207 to $40,020.9922 in the past 7 days.
At its current price, Bitcoin is still down 55.48% from its all-time high of $68,990.63 set on November 10, 2021.
Elsewhere in cryptocurrency trading
Ethereum was last at $2,274.55 on the Investing.com Index, down 11.22% on the day.
Tether was trading at $1.0001 on the Investing.com Index, a loss of 0.01%.
Ethereum’s market cap was last at $276.9B or 19.41% of the total cryptocurrency market cap, while Tether’s market cap totaled $83.2B or 5.83% of the total cryptocurrency market value.
