Bitcoin Dips Below 5,002.2 Level, Down 6%

Bitcoin Dips Below 5,002.2 Level, Down 6%

Mar 16, 2020

Bitcoin fell bellow the $5,002.2 level on Monday. Bitcoin was trading at 5,002.2 by 13:10 (17:10 GMT) on the Index, down 6.04% on the day. It was the largest one-day percentage loss since March 16.

The move downwards pushed Bitcoin's market cap down to $92.1B, or 0.00% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.

Bitcoin had traded in a range of $4,477.7 to $5,369.3 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 35.58%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $48.1B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $3,869.4661 to $8,145.4824 in the past 7 days.

At its current price, Bitcoin is still down 74.83% from its all-time high of $19,870.62 set on December 17, 2017.

Elsewhere in cryptocurrency trading

Ethereum was last at $112.06 on the Index, down 10.92% on the day.

XRP was trading at $0.14139 on the Index, a loss of 8.25%.

Ethereum's market cap was last at $12.4B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $6.3B or 0.00% of the total cryptocurrency market value.

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