Bitcoin Falls 10% In Rout

December 28, 2022

Investing.com – Bitcoin was trading at $82,667.3 by 04:39 (09:39 GMT) on the Investing.com Index on Friday, down 10.01% on the day. It was the largest one-day percentage loss since November 9, 2022.

The move downwards pushed Bitcoin’s market cap down to $1,667.4B, or 58.07% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $2,488.1B.

Bitcoin had traded in a range of $82,667.3 to $87,460.0 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 13.97%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $114.2B or 46.73% of the total volume of all cryptocurrencies. It has traded in a range of $82,666.1875 to $96,799.4609 in the past 7 days.

At its current price, Bitcoin is at a new all-time high.

Elsewhere in cryptocurrency trading

Ethereum was last at $2,688.05 on the Investing.com Index, down 10.70% on the day.

Tether USDt was trading at $1.0004 on the Investing.com Index, a gain of 0.06%.

Ethereum’s market cap was last at $329.6B or 11.48% of the total cryptocurrency market cap, while Tether USDt’s market cap totaled $184.6B or 6.43% of the total cryptocurrency market value.