Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Breaking News

Target profit slumps as discounts fail to spur spending by inflation-weary consumers

Bitcoin Falls 10% In Rout

Cryptocurrency Apr 23, 2021 01:18AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Bitcoin Falls 10% In Rout

Investing.com - Bitcoin was trading at $48,815.1 by 01:17 (05:17 GMT) on the Investing.com Index on Friday, down 10.06% on the day. It was the largest one-day percentage loss since January 21.

The move downwards pushed Bitcoin's market cap down to $916.6B, or 51.45% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $1,184.9B.

Bitcoin had traded in a range of $48,788.3 to $52,099.9 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 21.82%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $82.6B or 31.90% of the total volume of all cryptocurrencies. It has traded in a range of $48,788.3008 to $62,509.1172 in the past 7 days.

At its current price, Bitcoin is still down 24.64% from its all-time high of $64,778.04 set on April 14.

Elsewhere in cryptocurrency trading

Ethereum was last at $2,159.96 on the Investing.com Index, down 11.69% on the day.

Binance Coin was trading at $476.35 on the Investing.com Index, a loss of 13.93%.

Ethereum's market cap was last at $253.8B or 14.25% of the total cryptocurrency market cap, while Binance Coin's market cap totaled $74.0B or 4.16% of the total cryptocurrency market value.

Bitcoin Falls 10% In Rout
 

Related Articles

What is CeDeFi, and why does it matter?
What is CeDeFi, and why does it matter? By Cointelegraph - Aug 17, 2022

Currently, CeDeFi’s main downside is the high learning curve associated with its protocols because of their complexity. The concept is still young, and more intuitive and...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (3)
Kasangula chris
Kasangula chris Apr 23, 2021 2:59AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
@paulDrot the fall it's 'cause of rumor Joe Biden wanted to increase capital taxes
tawanchai xoomsai
tawanchai xoomsai Apr 23, 2021 2:30AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
opportunity to buy or wait for further falls ?
william gilman
william gilman Apr 23, 2021 2:30AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
For long term investment, it is always good time to buy. For short term I'd rather way and look closely the movements!
Paul Drot
Paul Drot Apr 23, 2021 2:14AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Can anybody tell me what the ********is going on? What is the reason of falling? Please tell me what exactly makes cryptocurinces fall down
Paul Drot
Paul Drot Apr 23, 2021 2:14AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Hmm thank you, can you recommend me where I can see these news?
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email