Bitcoin dips below 7,988.0 level, down 2%

Bitcoin fell bellow the $7,988.0 level on Sunday. Bitcoin was trading at 7,988.0 by 14:59 (18:59 GMT) on the Index, down 1.93% on the day. It was the largest one-day percentage loss since September 29.

The move downwards pushed Bitcoin’s market cap down to $144.2B, or 66.88% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $241.2B.

Bitcoin had traded in a range of $7,922.1 to $8,226.8 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 20.06%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $13.4B or 28.39% of the total volume of all cryptocurrencies. It has traded in a range of $7,773.6040 to $10,048.8076 in the past 7 days.

At its current price, Bitcoin is still down 59.80% from its all-time high of $19,870.62 set on December 17, 2017.

Ethereum was last at $167.30 on the Index, down 3.70% on the day.

XRP was trading at $0.23911 on the Index, a loss of 1.37%.

Ethereum’s market cap was last at $18.2B or 8.43% of the total cryptocurrency market cap, while XRP’s market cap totaled $10.3B or 4.80% of the total cryptocurrency market value.