Bitcoin Dips Below 3,493.4 Level, Down 8% – Bitcoin fell bellow the $3,493.4 level on Friday. Bitcoin was trading at 3,493.4 by 19:06 (00:06 GMT) on the Index, down 7.96% on the day. It was the largest one-day percentage loss since November 24.

The move downwards pushed Bitcoin’s market cap down to $61.3B, or 54.95% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $241.2B.

Bitcoin had traded in a range of $3,474.0 to $3,522.0 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 17.41%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $5.9B or 36.15% of the total volume of all cryptocurrencies. It has traded in a range of $3,473.9866 to $4,316.0884 in the past 7 days.

At its current price, Bitcoin is still down 82.42% from its all-time high of $19,870.62 set on December 17, 2017.

Elsewhere in cryptocurrency trading

XRP was last at $0.30628 on the Index, down 10.52% on the day.

Ethereum was trading at $90.84 on the Index, a loss of 12.65%.

XRP’s market cap was last at $12.5B or 11.24% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $9.5B or 8.52% of the total cryptocurrency market value.

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Hayden P.

A blockchain and cryptocurrency enthusiast

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