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Bitcoin falls below the threshold of 8.824.7, down 3%

UNITED STATES (OBSERVATORY NEWS) — Bitcoin fell below the $ 8,824.7 threshold on Monday. Bitcoin was trading at 8,824.7 at 16:20 (15:20 GMT) on the Investing.com Index, down 2.89% on the day. This is the largest drop since March 2.

The bearish movement dropped Bitcoin’s market capitalization to $ 161.1B, or 62.36% of the total cryptocurrency market capitalization. At its all-time high, Bitcoin’s market capitalization was $ 241.2B.

Bitcoin has traded in the range of $ 8,503.1 to $ 8,888.1 in the past 24 hours.

Over the past 7 days, Bitcoin has seen a fall of -9.11%. The volume traded in the past 24 hours on Bitcoin has reached $ 40.4B or 25.96% of the total volume traded on all cryptocurrencies. The development range has extended from $ 8,437.2441 to $ 9,672.2891 in the past 7 days.

At its current price, Bitcoin is moving 55.59% below its historic high of December 17, 2017 at $ 19,870.62.

Update on other cryptocurrencies
Ethereum was trading at $ 228.71 on the Investing.com Index, up 3.60% on the day.

XRP was trading at $ 0.23762 on the Investing.com Index, an increase of 2.53%.

Ethereum’s market capitalization reached $ 25.1B or 9.73% of the total crypto market capitalization, while XRP’s capitalization totaled $ 10.4B which is equivalent to 4.02% of the total market value of cryptocurrencies.

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