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Bitcoin Falls 10% In Rout

Published 08/19/2022, 05:57 PM
© Reuters.  Bitcoin Falls 10% In Rout
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Investing.com - Bitcoin was trading at $21,069.3 by 17:57 (21:57 GMT) on the Investing.com Index on Friday, down 10.01% on the day. It was the largest one-day percentage loss since June 13.

The move downwards pushed Bitcoin's market cap down to $406.2B, or 39.68% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $1,275.5B.

Bitcoin had traded in a range of $21,069.3 to $23,202.3 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 11.99%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $38.1B or 42.40% of the total volume of all cryptocurrencies. It has traded in a range of $21,069.3086 to $25,205.6719 in the past 7 days.

At its current price, Bitcoin is still down 69.46% from its all-time high of $68,990.63 set on November 10, 2021.

Elsewhere in cryptocurrency trading

Ethereum was last at $1,651.52 on the Investing.com Index, down 12.02% on the day.

Tether was trading at $1.0000 on the Investing.com Index, a gain of 0.00%.

Ethereum's market cap was last at $204.8B or 20.01% of the total cryptocurrency market cap, while Tether's market cap totaled $67.5B or 6.60% of the total cryptocurrency market value.

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