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Bitcoin Dips Below 8,888.4 Level, Down 1.76%

Published 28/02/2020, 02:16 am
© Reuters.  Bitcoin Dips Below 8,888.4 Level, Down 1.76%
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Investing.com - Bitcoin fell bellow the $8,888.4 level on Thursday. Bitcoin was trading at 8,888.4 by 02:16 (15:16 GMT) on the Investing.com Index, down 1.76% on the day. It was the largest one-day percentage loss since Wednesday, February 26, 2020.

The move downwards pushed Bitcoin's market cap down to $161.8B, or 62.49% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.

Bitcoin had traded in a range of $8,538.5 to $8,938.0 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 7.46%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $51.3B or 26.50% of the total volume of all cryptocurrencies. It has traded in a range of $8,538.5479 to $9,981.0371 in the past 7 days.

At its current price, Bitcoin is still down 55.27% from its all-time high of $19,870.62 set on Sunday, December 17, 2017.

Elsewhere in cryptocurrency trading

Ethereum was last at $231.49 on the Investing.com Index, down 0.02% on the day.

XRP was trading at $0.24234 on the Investing.com Index, a gain of 2.51%.

Ethereum's market cap was last at $25.4B or 9.80% of the total cryptocurrency market cap, while XRP's market cap totaled $10.6B or 4.08% of the total cryptocurrency market value.

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