Bitcoin drops 13% amid bearish trading and pullback
At 00:20 (21:20 GMT) on Friday, Bitcoin was trading at $105,505.4, according to Investing.com, down 13.15% on the day.
This marks the largest single-day decline in the cryptocurrency’s value since November 9, 2022.
The drop also caused Bitcoin’s market capitalization to fall to $2.1501 trillion, representing 58.98% of the total cryptocurrency market capitalization.
At its recent peak, Bitcoin’s market cap stood at $2.4881 trillion.
Over the past 24 hours, Bitcoin traded between $103,893.3 and $122,492.8.
During the past week, Bitcoin’s price declined by 11.91%.
The 24-hour trading volume reached $94.0 billion, or 35.47% of the total crypto market volume.
Over the last seven days, Bitcoin’s price ranged between $103,893.28 and $126,185.99.
Meanwhile, other cryptocurrencies
Ethereum last traded at $3,608.65, down 16.55% for the day, according to Investing.com.
Tether USDt was trading at $1.0006, showing a slight gain of 0.03%.
Ethereum’s market capitalization stands at $434.7 billion (11.92% of total crypto market capitalization),
while Tether USDt accounts for $178.9 billion, or 4.91% of the total crypto market value.
See also: "XRP decline means nothing as long as support at $2.77 holds"
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