Mar 15 2024: Bitcoin saw a significant 10% drop in value due to bearish trading, with its price falling to $65,940.0 by 05:15 (09:15 GMT) on Friday. This marks the largest one-day percentage loss since November 9, 2022.
As a result of this decline, Bitcoin’s market capitalization decreased to $1,320.0 billion, representing 51.81% of the total cryptocurrency market cap. The cryptocurrency had previously reached a peak market cap of $1,435.8 billion.
Within the past twenty-four hours, Bitcoin’s price fluctuated between $65,765.6 and $72,398.1.
Over the last week, Bitcoin’s value has remained relatively stable, with only a 0.36% change. The trading volume for Bitcoin in the twenty-four hours leading up to the report was $77.9 billion, accounting for 38.57% of the total volume across all cryptocurrencies. Bitcoin’s price ranged from $65,765.6172 to $73,740.8984 during the week.
Currently, Bitcoin is down 10.58% from its peak of $73,740.90 reached on March 14.
In other cryptocurrency news, Ethereum experienced a 9.74% decline, with a price of $3,591.53 on the Investing.com Index. Tether USDt was trading at $0.9990, reflecting a 0.02% loss.
Ethereum’s market capitalization stands at $440.3 billion, representing 17.28% of the total cryptocurrency market cap, while Tether USDt’s market cap is $103.2 billion, accounting for 4.05% of the total cryptocurrency market value.
