Bitcoin Dips Below 6,983.3 Level, Down 13% – Bitcoin fell bellow the $6,983.3 level on Friday. Bitcoin was trading at 6,983.3 by 09:05 (14:05 GMT) on the Index, down 13.10% on the day. It was the largest one-day percentage loss since July 16.

The move downwards pushed Bitcoin’s market cap down to $127.9B, or 65.22% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $241.2B.

Bitcoin had traded in a range of $6,983.3 to $7,700.9 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 17.74%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $30.4B or 30.67% of the total volume of all cryptocurrencies. It has traded in a range of $6,983.3379 to $8,631.6719 in the past 7 days.

At its current price, Bitcoin is still down 64.86% from its all-time high of $19,870.62 set on December 17, 2017.

Elsewhere in cryptocurrency trading

Ethereum was last at $142.81 on the Index, down 18.45% on the day.

XRP was trading at $0.22561 on the Index, a loss of 8.67%.

Ethereum’s market cap was last at $15.8B or 8.08% of the total cryptocurrency market cap, while XRP’s market cap totaled $9.9B or 5.06% of the total cryptocurrency market value.