Bitcoin falls 10% in rout

Bitcoin was trading at $9,638.1 by 02:19 (06:19 GMT) on the Index on Thursday, down 10.18% on the day. It was the largest one-day percentage loss since July 16.

The move downwards pushed Bitcoin’s market cap down to $173.8B, or 67.62% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $241.2B.

Bitcoin had traded in a range of $9,637.2 to $10,195.2 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 18.21%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $20.4B or 30.79% of the total volume of all cryptocurrencies. It has traded in a range of $9,637.1914 to $12,225.3203 in the past 7 days.

At its current price, Bitcoin is still down 51.50% from its all-time high of $19,870.62 set on December 17, 2017.

Elsewhere in cryptocurrency trading

Ethereum was last at $180.34 on the Index, down 15.15% on the day.

XRP was trading at $0.25612 on the Index, a loss of 15.69%.

Ethereum’s market cap was last at $19.5B or 7.58% of the total cryptocurrency market cap, while XRP’s market cap totaled $11.1B or 4.31% of the total cryptocurrency market value.