Bitcoin plunges 12% from

© Igor Faun Bitcoin plunges 12% of 23:55 on Saturday (04:55 GMT), the index was trading at $49,856.6, down 11.91% on the day. This is the biggest single-day percentage drop since May 19.

The downward movement pushes the market value of Bitcoin down to $974.0B, or 41.23% of the total market value of cryptocurrencies. At its peak, the market value of Bitcoin was $1,275.5B.

In the past twenty-four hours, the transaction price of Bitcoin has ranged from $49,856.6 to $53,847.2.

In the past 7 days, the value of Bitcoin has fallen by 5.41%. At the time of writing this article, the transaction volume of Bitcoin was $40.5B, accounting for 29.21% of the total transaction volume of all cryptocurrencies. In the past 7 days, it has traded between $49,856.6289 and $59,174.4492.

At current prices, Bitcoin is still down 27.73% from the historical high of $68,990.63 set on November 10.

Other places for cryptocurrency trading

The index was last reported at US$3,988.98, down 12.00% on the day.

The index traded at US$550.27, a decrease of 10.66%.

The market value of Ethereum ended up being $479.2B or 20.28% of the total cryptocurrency market value, while the market value of Binance Coin totaled $94.4B or 4.00% of the total cryptocurrency market value.

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