© Reuters. Bitcoin Tumbles 20% In Selloff
Investing.com – was trading at $33,676.8 by 01:15 (06:15 GMT) on the Investing.com Index on Monday, down 20.22% on the day. It was the largest one-day percentage loss since March 12, 2020.
The move downwards pushed Bitcoin’s market cap down to $637.7B, or 67.79% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $758.5B.
Bitcoin had traded in a range of $33,676.8 to $38,217.2 in the previous twenty-four hours.
Over the past seven days, Bitcoin has seen a rise in value, as it gained 3.73%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $89.9B or 45.20% of the total volume of all cryptocurrencies. It has traded in a range of $30,010.5000 to $41,921.7188 in the past 7 days.
At its current price, Bitcoin is still down 19.67% from its all-time high of $41,921.72 set on January 8.
Elsewhere in cryptocurrency trading
was last at $1,062.02 on the Investing.com Index, down 23.69% on the day.
Tether was trading at $1.0017 on the Investing.com Index, a gain of 0.09%.
Ethereum’s market cap was last at $122.7B or 13.04% of the total cryptocurrency market cap, while Tether’s market cap totaled $24.3B or 2.58% of the total cryptocurrency market value.
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