Bitcoin dips below 9,985.0 level, down 14%

Bitcoin fell bellow the $9,985.0 level on Monday. Bitcoin was trading at 9,985.0 by 20:28 (00:28 GMT) on the Index, down 13.82% on the day. It was the largest one-day percentage loss since February 5, 2018.

The move downwards pushed Bitcoin’s market cap down to $181.4B, or 65.83% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $241.2B.

Bitcoin had traded in a range of $9,985.0 to $10,201.9 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 11.12%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $22.9B or 31.28% of the total volume of all cryptocurrencies. It has traded in a range of $9,984.9902 to $13,134.3623 in the past 7 days.

At its current price, Bitcoin is still down 49.75% from its all-time high of $19,870.62 set on December 17, 2017.

Elsewhere in cryptocurrency trading

Ethereum was last at $210.08 on the Index, down 28.12% on the day.

XRP was trading at $0.29665 on the Index, a loss of 11.94%.

Ethereum’s market cap was last at $23.4B or 8.50% of the total cryptocurrency market cap, while XRP’s market cap totaled $12.9B or 4.70% of the total cryptocurrency market value.