Bitcoin Falls 11% In Selloff By

© Reuters. Bitcoin Falls 11% In Selloff – was trading at $50,275.4 by 23:58 (04:58 GMT) on the Index on Saturday, down 11.17% on the day. It was the largest one-day percentage loss since September 7.

The move downwards pushed Bitcoin’s market cap down to $974.0B, or 41.23% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $1,275.5B.

Bitcoin had traded in a range of $49,659.5 to $53,847.2 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 5.41%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $40.5B or 29.21% of the total volume of all cryptocurrencies. It has traded in a range of $49,659.5391 to $59,174.4492 in the past 7 days.

At its current price, Bitcoin is still down 27.13% from its all-time high of $68,990.63 set on November 10.

Elsewhere in cryptocurrency trading

was last at $4,033.02 on the Index, down 11.03% on the day.

was trading at $547.32 on the Index, a loss of 11.13%.

Ethereum’s market cap was last at $479.2B or 20.28% of the total cryptocurrency market cap, while Binance Coin’s market cap totaled $94.4B or 4.00% of the total cryptocurrency market value.

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