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Bitcoin Falls 10% In Selloff

Published 05/16/2021, 11:33 PM
Updated 05/16/2021, 11:33 PM
© Reuters.  Bitcoin Falls 10% In Selloff

© Reuters. Bitcoin Falls 10% In Selloff

Investing.com - Bitcoin was trading at $43,167.0 by 23:32 (03:32 GMT) on the Investing.com Index on Monday, down 10.38% on the day. It was the largest one-day percentage loss since May 12.

The move downwards pushed Bitcoin's market cap down to $823.8B, or 40.11% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $1,184.9B.

Bitcoin had traded in a range of $43,167.0 to $46,545.4 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 25.75%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $64.1B or 30.89% of the total volume of all cryptocurrencies. It has traded in a range of $43,166.9805 to $57,938.5195 in the past 7 days.

At its current price, Bitcoin is still down 33.36% from its all-time high of $64,778.04 set on April 14.

Elsewhere in cryptocurrency trading

Ethereum was last at $3,250.00 on the Investing.com Index, down 14.80% on the day.

Binance Coin was trading at $505.39 on the Investing.com Index, a loss of 12.94%.

Ethereum's market cap was last at $387.0B or 18.84% of the total cryptocurrency market cap, while Binance Coin's market cap totaled $80.8B or 3.93% of the total cryptocurrency market value.

Latest comments

Duh, cryptos are almost worthless .... game of chicken
I think it was the oil hack and the ransom played in crypto.
Liberty cryptos are at risk as central banks start to issue their own cryptos and impose regulations on the market to prevent illegal deal and enhance taxation.
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