Bitcoin Market Update

Bitcoin was trading at $53,275.3 by 21:11 (01:11 GMT) on the Investing.com Index on Monday, down 12.29% on the day. This marks the largest one-day percentage loss since November 9, 2022.

The downward movement has pushed Bitcoin’s market cap to $1,105.9B, representing 56.04% of the total cryptocurrency market cap. Bitcoin’s market cap peaked at $1,435.8B.

In the previous twenty-four hours, Bitcoin traded in a range from $52,956.1 to $58,291.4.

Over the past seven days, Bitcoin has seen an 18.43% drop in value, with a trading volume of $35.1B or 41.63% of the total volume of all cryptocurrencies. Its trading range over the past week was $52,956.0898 to $66,998.3047.

Currently, Bitcoin is down 27.75% from its all-time high of $73,740.90 set on March 14.

Elsewhere in Cryptocurrency Trading

• Ethereum was last at $2,201.12, down 24.47% on the day.
• Tether USDt was trading at $0.9997, a gain of 0.01%.

Ethereum’s market cap is at $301.1B or 15.26% of the total market cap, while Tether USDt’s market cap is $114.5B or 5.80% of the total cryptocurrency market value.