Bitcoin Drops 13% on Market Surge Via Investing.com

© Reuters Bitcoin fell 13%, gaining momentum in the market.

Investing.com – Price last traded at $16,799.4 by 01:22 (18:22 GMT) on the Investing.com Index on Wednesday, down 13.17% on the day. And it is a sudden drop within 1 day since June 13.

The selling pressure drives the price down. As a result, the aggregate trading value of Bitcoin dropped to $323.3B, or 38.84% of the total cryptocurrency market capitalization.

Over the past 24 hours, Bitcoin has been trading between $16,729.7 and $18,583.8, with a trading value of $118.1B, or 55.53% of the total cryptocurrency trading volume.

Overall, over the past 7 days, the value of Bitcoin has been in a downward trend, down 18.57% and has a low-high range of $16,729.6523 to $21,464.7168.

The current price of Bitcoin is still down 75.65% from the peak of $68,990.63 on November 10, 2021.

Other cryptocurrency trading status

It was last valued at $1,156.61 according to the Investing.com Index, down 19.76% on the same day.

Traded at the latest price of $0.9994 on the Investing.com Index, down 0.08%.

Ethereum’s most recent total trading value was $141.9B, representing 17.05% of the total cryptocurrency market cap, while Tether’s market cap was $69.8B, representing 8.39% of its market cap.

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