Bitcoin Falls 10.12% In Rout

[dalaganicole]

 Bitcoin was trading at $6,699.4 by 19:54 (23:54 GMT) on the Investing.com Index on Wednesday, down 10.12% on the day. It was the largest one-day percentage loss since March 29.

The move downwards pushed Bitcoin's market cap down to $118.33B, or 55.38% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.15B.

Bitcoin had traded in a range of $6,696.7 to $7,407.5 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 2.56%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $5.72B or 32.49% of the total volume of all cryptocurrencies. It has traded in a range of $6.70K to $7.41K in the past 7 days.

At its current price, Bitcoin is still down 66.28% from its all-time high of $19,870.62 set on December 17, 2017.

Elsewhere in cryptocurrency trading
Ethereum was last at $228.07 on the Investing.com Index, down 25.04% on the day.

XRP was trading at $0.27828 on the Investing.com Index, a loss of 18.87%.

Ethereum's market cap was last at $23.88B or 11.18% of the total cryptocurrency market cap, while XRP's market cap totaled $11.26B or 5.27% of the total cryptocurrency market value.

by: Investing.com

[Black ID]

Unfortunately, the number of good news that has recently been heard has not been able to make the price of bitcoin look good. Yes, hopefully this is only temporary, and tomorrow bitcoin returns with a better situation.

[Zed0X]

It appears that some people are still trying to control the price of bitcoin before the last quarter run.

[luvr1000]

many experienced traders say that this is not the limit and that the whole market will fall, I hope that they are mistaken, since after that it will be very long to recover

[ComeBack]

Even now the bitcoin is still recovering from that last  drop, Maybe it's  true that some people are still trying to manipulate the price until now.

[densuj]

According to Jonathan Cheesman, partner in Distributed Global investment company, Bitcoin has fallen for five main reasons: macro trends, speculative dominance, regulatory uncertainty, short selling, and fraud.
But, because markets and cryptocurrency as asset classes continue to see improvements in infrastructure and regulation, Cheesman explained that more and more investors will recognize cryptocurrency as a strong and legitimate store.

Read more
https://www.ccn.com/investor-bitcoin-fell-due-to-regulatory-sell-pressure-will-recover-soon/