Bitcoin Crashes Just When Everybody Is All In

Bitcoin was trading at $17,011.2 by 03:30 (08:30 GMT) on the Investing.com Index on Thursday, down 11.56% on the day. It was the largest one-day percentage loss since March 12.

The move downwards pushed Bitcoin’s market cap down to $322.1B, or 62.65% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $354.0B.

Bitcoin had traded in a range of $16,989.5 to $18,894.9 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 2.18%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $51.8B or 20.12% of the total volume of all cryptocurrencies. It has traded in a range of $16,989.4629 to $19,486.7402 in the past 7 days.

At its current price, Bitcoin is still down 14.39% from its all-time high of $19,870.62 set on December 17, 2017.

Source: investing.com