{"id":870,"date":"2021-09-07T17:08:42","date_gmt":"2021-09-07T17:08:42","guid":{"rendered":"https:\/\/ancstockinvestments.com\/blog\/?p=870"},"modified":"2021-09-07T17:08:44","modified_gmt":"2021-09-07T17:08:44","slug":"bitcoin-falls-11-selloff","status":"publish","type":"post","link":"https:\/\/ancstockinvestments.com\/blog\/2021\/09\/07\/bitcoin-falls-11-selloff\/","title":{"rendered":"Bitcoin Tumbles 11% in Selloff"},"content":{"rendered":"\n<p>After briefly <a href=\"https:\/\/ancstockinvestments.com\/blog\/2021\/09\/07\/bitcoin-hits-52k-as-el-salvador-makes-crypto-legal-tender\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">trading at $52,885.3<\/a> 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.<\/p>\n\n\n\n<p>The sharp fall pushed Bitcoin\u2019s market cap to fall to $919.1 billion, or 42.58% of the total cryptocurrency market cap. Since its launch, Bitcoin\u2019s highest-ever market cap has been $1,184.9 billion.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"728\" height=\"485\" data-src=\"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2021\/09\/LYNXMPED6B1CK_L.jpg\" alt=\"Bitcoin Tumbles 11% in Selloff\" class=\"wp-image-871 lazyload\" data-srcset=\"https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2021\/09\/LYNXMPED6B1CK_L.jpg 728w, https:\/\/ancstockinvestments.com\/blog\/wp-content\/uploads\/2021\/09\/LYNXMPED6B1CK_L-300x200.jpg 300w\" data-sizes=\"(max-width: 728px) 100vw, 728px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 728px; --smush-placeholder-aspect-ratio: 728\/485;\" \/><\/figure>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>At its current price, Bitcoin is still down 29.23% from its all-time high of <a rel=\"noreferrer noopener\" aria-label=\"$64,778.04 in April (opens in a new tab)\" href=\"https:\/\/gadgets.ndtv.com\/internet\/news\/heres-bitcoins-journey-of-highs-and-lows-in-2021-2446578#:~:text=Bitcoin%20touched%20an%20all%2Dtime,47.3%20lakh)%20in%20April%202021.\" target=\"_blank\">$65,000 in April<\/a>.<\/p>\n\n\n\n<p>Other digital currencies also dropped.<\/p>\n\n\n\n<p>The world\u2019s 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.<\/p>\n\n\n\n<p>Ethereum\u2019s market cap stood at $413.9 billion while Cardano\u2019s totaled $78.4 billion.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Join the ANC Trading Community &amp;\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.community.ancstockinvestments.com\/\" target=\"_blank\">Become a Pro Trader<\/a><\/h5>\n","protected":false},"excerpt":{"rendered":"<p>After briefly hitting $52k, Bitcoin plummeted to trade at $45.840.6 on Tuesday, down 11.19%, its largest one-day percentage loss since September 7, 2021.<\/p>\n","protected":false},"author":3,"featured_media":873,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"content-type":"","inline_featured_image":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,3,10],"tags":[29,96,30,182],"series":[],"ppma_author":[463],"class_list":["post-870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-investments","category-stock","tag-bitcoin","tag-crypto","tag-cryptocurrency","tag-selloff"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - 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