After briefly trading at $52,885.3 in the previous 24 hours, Bitcoin plummeted to trade at $45.840.6 on Tuesday. The most popular digital coin was down 11.19% on the day, its largest one-day percentage loss since September 7, 2021.
The sharp fall pushed Bitcoin’s market cap to fall to $919.1 billion, or 42.58% of the total cryptocurrency market cap. Since its launch, Bitcoin’s highest-ever market cap has been $1,184.9 billion.
Bitcoin, over the last 7 days, has seen a rise in its value as the popular cryptocurrency gained 3.38%. At the time of writing, the volume of Bitcoin traded in the last twenty-four hours stood at $48.7 billion or 29.28% of the total volume of all traded cryptocurrencies.
Having traded in a range of $45,840.6 to $52.885.3 in the last 24 hours, Bitcoin, in the last 7 days, has traded between $45,840.6055 and $52885.3477.
At its current price, Bitcoin is still down 29.23% from its all-time high of $65,000 in April.
Other digital currencies also dropped.
The world’s second-largest cryptocurrency, Ethereum, was down 12.38%, trading at $3,440.22 in the day while Cardano shed 21.52% to trade at $2.2431.
Ethereum’s market cap stood at $413.9 billion while Cardano’s totaled $78.4 billion.
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