Bitcoin sinks in the red, down 10%

© Reuters. Bitcoin sinks in the red, down 10%

Investing.com - Bitcoin was trading at $65,940.0 as of 16:15 (09:15 GMT) according to the Investing.com Index on Friday, down 10.10% on the day. This is the strongest decrease in a day since November 9, 2022.

This downward price move pulled Bitcoin's capitalization down to $1,320.0B, equivalent to 51.81% of the total cryptocurrency market capitalization. The highest capitalization Bitcoin has ever achieved is $1,435.8B.

Bitcoin fluctuated between $65,765.6 and $72,398.1 over the past 24 hours.

During the previous week, Bitcoin had stagnated, and was only fluctuating. Bitcoin's trading volume within 24 hours until this news was released was $77.9B, equivalent to 38.57% of the total trading volume of the cryptocurrency market. Bitcoin fluctuated between $65,765.6172 and $73,740.8984 over the previous 7 days.

Based on current prices, Bitcoin is still down 10.58% from its all-time peak of $73,740.90, on March 14.

Other cryptocurrencies

Ethereum is trading at $3,603.15 according to Investing.com Index, down 9.74% on the day.

Tether USDt was trading at $0.9990 according to the Investing.com Index, down 0.02%.

The capitalization of Ethereum cryptocurrency is recorded at $440.3B, equivalent to 17.28% of the total cryptocurrency market capitalization, while the capitalization of Tether USDt is $103.2B, equivalent to 4.05% of the total cryptocurrency market capitalization .