Bitcoin was trading at $5,836.8 by 11:32 (16:32 GMT) on the Index on Wednesday, down 10.69% on the day. It was the largest one-day percentage loss since February 5.
The move downwards pushed Bitcoin's market cap down to $104.1B, or 53.38% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.
Bitcoin had traded in a range of $5,836.8 to $6,453.3 in the previous twenty-four hours.
Over the past seven days, Bitcoin has seen a drop in value, as it lost 8.28%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $5.1B or 32.81% of the total volume of all cryptocurrencies. It has traded in a range of $5,836.7808 to $6,577.3110 in the past 7 days.
At its current price, Bitcoin is still down 70.63% from its all-time high of $19,870.62 set on December 17, 2017.
Elsewhere in cryptocurrency trading
Ethereum was last at $177.60 on the Index, down 19.89% on the day.
XRP was trading at $0.42717 on the Index, a loss of 23.92%.
Ethereum's market cap was last at $19.0B or 9.74% of the total cryptocurrency market cap, while XRP's market cap totaled $17.9B or 9.18% of the total cryptocurrency market value.
