Bitcoin fell bellow the $8,995.5 level on Wednesday. Bitcoin was trading at 8,995.5 by 10:15 (15:15 GMT) on the Index, down 4.71% on the day. It was the largest one-day percentage loss since February 19.
The move downwards pushed Bitcoin's market cap down to $164.8B, or 63.09% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.
Bitcoin had traded in a range of $8,992.5 to $9,368.1 in the previous twenty-four hours.
Over the past seven days, Bitcoin has seen a drop in value, as it lost 10.86%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $45.3B or 26.21% of the total volume of all cryptocurrencies. It has traded in a range of $8,992.4854 to $9,981.0371 in the past 7 days.
At its current price, Bitcoin is still down 54.73% from its all-time high of $19,870.62 set on December 17, 2017.
Elsewhere in cryptocurrency trading
Ethereum was last at $228.94 on the Index, down 10.90% on the day.
XRP was trading at $0.23395 on the Index, a loss of 10.76%.
Ethereum's market cap was last at $25.4B or 9.73% of the total cryptocurrency market cap, while XRP's market cap totaled $10.3B or 3.96% of the total cryptocurrency market value.
