Bitcoin Falls 12% In Rout
CryptocurrencyDec 03, 2021 11:57PM ET
© Igor Faun Bitcoin Falls 12% In Rout
Investing.com - Bitcoin was trading at $49,856.6 by 23:55 (04:55 GMT) on the Investing.com Index on Saturday, down 11.91% on the day. It was the largest one-day percentage loss since May 19.
The move downwards pushed Bitcoin's market cap down to $974.0B, or 41.23% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $1,275.5B.
Bitcoin had traded in a range of $49,856.6 to $53,847.2 in the previous twenty-four hours.
Over the past seven days, Bitcoin has seen a drop in value, as it lost 5.41%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $40.5B or 29.21% of the total volume of all cryptocurrencies. It has traded in a range of $49,856.6289 to $59,174.4492 in the past 7 days.
At its current price, Bitcoin is still down 27.73% from its all-time high of $68,990.63 set on November 10.
Elsewhere in cryptocurrency trading
Ethereum was last at $3,988.98 on the Investing.com Index, down 12.00% on the day.
Binance Coin was trading at $550.27 on the Investing.com Index, a loss of 10.66%.
Ethereum's market cap was last at $479.2B or 20.28% of the total cryptocurrency market cap, while Binance Coin's market cap totaled $94.4B or 4.00% of the total cryptocurrency market value.
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