Bitcoin dips below 9,982.7 level, down 12%

Bitcoin fell below the $9,982.7 level on Tuesday. Bitcoin was trading at 9,982.7 by 00:30 (04:30 GMT) on the Index, down 11.61% on the day. It was the largest one-day percentage loss since June 27.

The move downwards pushed Bitcoin’s market cap down to $180.6B, or 60.23% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $241.2B.

Bitcoin had traded in a range of $9,982.7 to $10,685.5 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 9.26%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $27.6B or 32.28% of the total volume of all cryptocurrencies. It has traded in a range of $9,980.1240 to $13,929.8066 in the past 7 days.

At its current price, Bitcoin is still down 49.76% from its all-time high of $19,870.62 set on December 17, 2017.

Elsewhere in cryptocurrency trading

Ethereum was last at $281.85 on the Index, down 6.45% on the day.

XRP was trading at $0.39637 on the Index, a loss of 4.57%.

Ethereum’s market cap was last at $30.3B or 10.11% of the total cryptocurrency market cap, while XRP’s market cap totaled $17.0B or 5.68% of the total cryptocurrency market value.