© Reuters. Bitcoin posts 10% pullback as sellers dominate
Investing.com – Bitcoin was trading at $26,014.9 as of 23:50 (21:50 GMT) on the Investing.com Index on Thursday, down 10.19% on the day. This is the biggest drop since November 9, 2022.
This bearish movement caused the capitalization of Bitcoin to drop to $537.6B, or 49.05% of the total market capitalization of cryptocurrencies. At its all-time high, Bitcoin’s capitalization reached $1,275.5B.
Bitcoin has moved in a range extending from $25,489.4 to $28,771.8 over the past 24 hours.
Over the last 7 days, Bitcoin posted a drop of -6.13%. The volume of Bitcoin traded over the past 24 hours reached $21.7B or 50.16% of total trade across all cryptocurrencies. It traded in a range extending from $25,489.3574 to $29,689.0352 over the past 7 days.
At its current price, Bitcoin is evolving 62.29% below its historical high of November 10, 2021 at $68,990.63.
On the side of other crypto-currencies
Ethereum is trading at $1,599.03 on the Investing.com Index, down 11.73% on the day.
Tether was trading at $0.9998 on the Investing.com Index, up 0.05%.
Ethereum’s total capitalization reached $205.2B or 18.72% of the total cryptocurrency market capitalization, while Tether’s capitalization reached $82.9B or 7.57% of the total cryptocurrency market value .