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Bitcoin Dips Below 7,987.3 Level, Down 2%

Bitcoin Dips Below 7,987.3 Level, Down 2%

Investing.com - Bitcoin fell bellow the $7,987.3 level on Sunday. Bitcoin was trading at 7,987.3 by 02:48 (06:48 GMT) on the Investing.com Index, down 1.92% on the day. It was the largest one-day percentage loss since September 29.

The move downwards pushed Bitcoin's market cap down to $145.6B, or 65.89% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.

Bitcoin had traded in a range of $7,987.3 to $8,145.5 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a stagnation in value, as it only moved 1.05%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $12.2B or 28.37% of the total volume of all cryptocurrencies. It has traded in a range of $7,749.0313 to $8,486.2021 in the past 7 days.

At its current price, Bitcoin is still down 59.80% from its all-time high of $19,870.62 set on December 17, 2017.

Elsewhere in cryptocurrency trading

Ethereum was last at $174.48 on the Investing.com Index, down 0.98% on the day.

XRP was trading at $0.25251 on the Investing.com Index, a loss of 0.50%.

Ethereum's market cap was last at $19.0B or 8.60% of the total cryptocurrency market cap, while XRP's market cap totaled $11.0B or 4.97% of the total cryptocurrency market value.

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