Bitcoin Dips Below 8,347.6 Level, Down 4.52%

26 September 2019, 18: 16
© Reuters.  Bitcoin Dips Below 8,347.6 Level, Down 4.52%

Bitcoin fell bellow the $8,347.6 level on Wednesday. Bitcoin was trading at 8,347.6 by 19:55 (18:55 GMT) on the Investing.com Index, down 4.52% on the day. It was the largest one-day percentage loss since September 24.

The move downwards pushed Bitcoin's market cap down to $150.7B, or 67.55% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.

Bitcoin had traded in a range of $8,245.1 to $8,729.8 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 17.88%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $28.9B or 28.10% of the total volume of all cryptocurrencies. It has traded in a range of $8,069.3677 to $10,297.6172 in the past 7 days.

At its current price, Bitcoin is still down 57.99% from its all-time high of $19,870.62 set on December 17, 2017.

 

Elsewhere in cryptocurrency trading

 

Ethereum was last at $166.50 on the Investing.com Index, down 2.07% on the day.

XRP was trading at $0.24229 on the Investing.com Index, a gain of 3.49%.

Ethereum's market cap was last at $18.1B or 8.12% of the total cryptocurrency market cap, while XRP's market cap totaled $10.5B or 4.72% of the total cryptocurrency market value.