Bitcoin Plummets to Largest One-Day Loss Since November 2022
Bitcoin's Sharp Decline
Bitcoin's price dropped 10.23% to $74,639.1 on Monday, its largest one-day percentage loss since November 9, 2022. This downturn reduced its market cap to $1,492.6B, representing 62.77% of the total cryptocurrency market. Despite the drop, Bitcoin remains at an all-time high.
Over the past 24 hours, Bitcoin traded between $74,592.0 and $79,315.6. In the last seven days, its value declined by 8.28%, with trading volumes reaching $52.7B, accounting for 40.44% of total cryptocurrency volume.
Ethereum and Tether's Performance
Ethereum fell 20.83% to $1,424.45, with a market cap of $178.6B, or 7.51% of the total cryptocurrency market. Tether USDt dipped slightly by 0.06% to $0.9992, maintaining a market cap of $144.1B, or 6.06% of the total market value.
The cryptocurrency market continues to experience volatility, with Bitcoin and Ethereum leading the declines.
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