Bitcoin dips below 7,837.5 level, down 2%

Bitcoin fell bellow the $7,837.5 level on Monday. Bitcoin was trading at 7,837.5 by 02:49 (06:49 GMT) on the Index, down 1.79% on the day. It was the largest one-day percentage loss since October 6.

The move downwards pushed Bitcoin’s market cap down to $142.5B, or 65.61% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $241.2B.

Bitcoin had traded in a range of $7,797.0 to $7,910.9 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a stagnation in value, as it only moved 0.66%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $14.0B or 28.36% of the total volume of all cryptocurrencies. It has traded in a range of $7,796.9536 to $8,486.2021 in the past 7 days.

At its current price, Bitcoin is still down 60.56% from its all-time high of $19,870.62 set on December 17, 2017.

Ethereum was last at $171.06 on the Index, down 2.03% on the day.

XRP was trading at $0.26519 on the Index, a gain of 5.10%.

Ethereum’s market cap was last at $18.6B or 8.58% of the total cryptocurrency market cap, while XRP’s market cap totaled $11.5B or 5.28% of the total cryptocurrency market value.