Bitcoin Falls 10% In Bearish Trade

Bitcoin Falls 10% In Bearish Trade

Investing.com - Bitcoin was trading at $50,884.4 by 08:28 (12:28 GMT) on the Investing.com Index on Thursday, down 10.08% on the day. It was the largest one-day percentage loss since January 21.

The move downwards pushed Bitcoin's market cap down to $962.0B, or 59.86% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $1,142.3B.

Our top trading bots

Bitcoin had traded in a range of $50,868.3 to $53,175.4 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 11.79%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $76.0B or 48.48% of the total volume of all cryptocurrencies. It has traded in a range of $50,867.5430 to $59,882.1133 in the past 7 days.

At its current price, Bitcoin is still down 17.66% from its all-time high of $61,795.84 set on March 13.

Elsewhere in cryptocurrency trading

Ethereum was last at $1,561.03 on the Investing.com Index, down 9.00% on the day.

Tether was trading at $0.9995 on the Investing.com Index, a loss of 0.09%.

Ethereum's market cap was last at $181.9B or 11.32% of the total cryptocurrency market cap, while Tether's market cap totaled $40.3B or 2.51% of the total cryptocurrency market value.

Continue reading on Investing.com
Price analysis 3/2: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE
The speculation regarding the U.S. Federal Reserve’s tightening cycle and recent geopolitical developments may have resulted in panic selling by short-term...
VOXEL, SLP and ALICE rally after protocol updates and a major exchange listing
Crypto markets are taking a beating but there are still a few standout performers even during this week's volatility.One sector that has managed to rise...
Nifty News: Land grab in the Shiberse, floor prices fall, NFT house sale and more…
The team behind one of the top memecoin projects Shiba Inu (SHIB) is rolling out tokenized real estate dubbed “Shiba Lands” as part of its upcoming metaverse...
Terabethia cross-chain protocol bridges Internet Computer and Ethereum
On Wednesday, Psychedelic, a Web 3.0 development studio building solutions for the Internet Computer, launched Terabethia, a cross-chain contract communication...
Ripple chair's pay-off plan to convince BTC miners to adopt Proof of Stake
Executive Chairman and Co-founder of Ripple Chris Larsen has unveiled his plan for Bitcoin miners to move away from Proof of Work (PoW), saying they should...
Shiba Inu gains over 30% in just 2 days as Kraken announces SHIB listing
Shiba Inu (SHIB), a Dogecoin-inspired meme cryptocurrency, has emerged as one of the best performers across traditional and crypto markets entering the...
Moon Landing initiative brings neurodiversity to NFTs and supports art non-profits
Nonfungible tokens, or NFTs, are certificates of ownership representing digital artwork, music, videos, audio, memorabilia and more. They have rapidly gained...
Shiba Inu slump continues: Data shows retail interest waning as SHIB down 60% in 4 weeks
Shiba Inu (SHIB) edged further down on Nov. 24 as its appeal among the army of retail traders, who helped it rally by more than 535% to a record high of...
US Treasury Dept sanctions crypto OTC broker Suex for alleged role in facilitating transactions for ransomware attacks
The United States Department of the Treasury has announced it will impose sanctions on the Czech Republic and Russia-based business Suex OTC for allegedly...
200 smart contracts launch on Cardano ... but there's a catch
More than 200 smart contracts have been listed on the Cardano blockchain explorer following the Alonzo upgrade on September 13 — but there’s a catch. As...
Payments in a flash: Strip club in Las Vegas now accepts Lightning
The Crazy Horse 3 gentlemen's club has announced it has become the first major entertainment venue in Las Vegas to accept Bitcoin using the Lightning Network.The...
3 reasons why Quant (QNT) price rallied 125% this week
Real-world use cases and delivered value are important when evaluating the long-term prospects of a cryptocurrency project, and this is especially true...
Another UK bank serves anti-crypto notice to customers
Corporate clients of NatWest may soon lose their banking relationship with the United Kingdom-based lender amid recent negative cryptocurrency-related policy...
Ellen DeGeneres Received $4 mln in Ripple’s XRP As A Donation From Ashton Kutcher
“You’re always thinking about everyone else," said actor Ashton Kutcher to the TV-host and comedian Ellen DeGeneres on her show this week. Kutcher went...
Crypto Bull Tom Lee Predicts a Massive Bitcoin Sell-Off Before US Tax Day
This year tax deadline for all Americans is set on April 17, and there is high feasibility that before this day there will occur all-out vending of cyber-assets...