Bitcoin Falls 10% In Bearish Trade By Investing.com

Bitcoin Falls 10% In Bearish Trade

Cryptocurrency May 12, 2022 12:15AM ET

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Investing.com - Bitcoin was trading at $28,068.5 by 00:13 (04:13 GMT) on the Investing.com Index on Thursday, down 10.05% on the day. It was the largest one-day percentage loss since May 9.

The move downwards pushed Bitcoin's market cap down to $538.0B, or 44.48% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $1,275.5B.

Bitcoin had traded in a range of $28,068.5 to $30,136.7 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 28.84%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $73.5B or 33.58% of the total volume of all cryptocurrencies. It has traded in a range of $27,835.4629 to $36,645.9922 in the past 7 days.

At its current price, Bitcoin is still down 59.32% from its all-time high of $68,990.63 set on November 10, 2021.

Elsewhere in cryptocurrency trading

Ethereum was last at $1,942.10 on the Investing.com Index, down 17.73% on the day.

Tether was trading at $0.9994 on the Investing.com Index, a loss of 0.12%.

Ethereum's market cap was last at $237.2B or 19.61% of the total cryptocurrency market cap, while Tether's market cap totaled $82.4B or 6.81% of the total cryptocurrency market value.

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Top 5 cryptocurrencies to watch this week: BTC, SHIB, MATIC, ATOM, APE By Cointelegraph - Jul 04, 2022 1

The bears are attempting to sink Bitcoin (BTC) below $19,000 to further cement their advantage over the crypto market. Analysts watching Bitcoin’s MVRV-Z Score, a metric that...

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