Bitcoin Falls 12% In Rout

Bitcoin was trading at $53,275.3 by 21:11 (01:11 GMT) on the Investing.com Index on Monday, down 12.29% on the day. It was the largest one-day percentage loss since November 9, 2022.

The move downwards pushed Bitcoin's market cap down to $1,105.9B, or 56.04% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $1,435.8B.

Bitcoin had traded in a range of $52,956.1 to $58,291.4 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 18.43%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $35.1B or 41.63% of the total volume of all cryptocurrencies. It has traded in a range of $52,956.0898 to $66,998.3047 in the past 7 days.

At its current price, Bitcoin is still down 27.75% from its all-time high of $73,740.90 set on March 14. Elsewhere in cryptocurrency trading

Ethereum was last at $2,201.12 on the Investing.com Index, down 24.47% on the day.

Tether USDt was trading at $0.9997 on the Investing.com Index, a gain of 0.01%.

Ethereum's market cap was last at $301.1B or 15.26% of the total cryptocurrency market cap, while Tether USDt's market cap totaled $114.5B or 5.80% of the total cryptocurrency market value.

Source: Investing.com