2024-03-05 21:03

Copyrighted Image by: Reuters Investing.com -- Bitcoin slumped after hitting an all-time record Tuesday as investors appeared to take some profit on the popular cryptocurrency's record run, though sentiment remains bullish ahead of the all-important halvening event. Bitcoin (BitfinexUSD) fell 8% to $61,682, after hitting an all-time of $68,874 earlier on Tuesday. The move lower comes as some large investors, or so-called "bitcoin whales," appeared to cash in on the record run. Still, sentiment remains supported by expectations that BTC is set for another run higher in the lead up to its halvening event expected in April. A halvening event - that halves the number of bitcoins in circulation – occurs about every four years. Halvening events in both 2012, 2016, 2020 had preceded previous bull runs for BTC. The record high seen in bitcoin followed the launch of a spot-based bitcoin exchange traded fund in January, stoking demand for the cryptocurrency among institutional investors. Recent data from BitMex Research showed bitcoin ETFs in the U,S. hold almost 4% of all bitcoin in circulation. https://www.investing.com/news/cryptocurrency-news/bitcoin-slumps-after-hitting-alltime-high-3325357

2024-03-05 19:58

Copyrighted Image by: Reuters Bitcoin Falls 11% In Rout Investing.com - Bitcoin was trading at $60,271.2 by 14:57 (19:57 GMT) on the Investing.com Index on Tuesday, down 10.61% on the day. It was the largest one-day percentage loss since March 5. The move downwards pushed Bitcoin's market cap down to $1,214.6B, or 51.92% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $1,333.8B. Bitcoin had traded in a range of $60,271.2 to $69,063.1 in the previous twenty-four hours. Over the past seven days, Bitcoin has seen a rise in value, as it gained 8.04%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $90.4B or 40.19% of the total volume of all cryptocurrencies. It has traded in a range of $56,704.9453 to $69,063.0938 in the past 7 days. At its current price, Bitcoin is still down 12.73% from its all-time high of $69,063.09 set on March 5. Elsewhere in cryptocurrency trading Ethereum was last at $3,257.71 on the Investing.com Index, down 4.85% on the day. Tether USDt was trading at $1.0001 on the Investing.com Index, a loss of 0.06%. Ethereum's market cap was last at $416.5B or 17.80% of the total cryptocurrency market cap, while Tether USDt's market cap totaled $100.1B or 4.28% of the total cryptocurrency market value. https://www.investing.com/news/cryptocurrency-news/bitcoin-falls-11-in-rout-3325312

2024-03-05 19:56

Investing.com - EOS was trading at $0.9779 by 14:55 (19:55 GMT) on the Investing.com Index on Tuesday, down 11.39% on the day. It was the largest one-day percentage loss since June 10, 2023. The move downwards pushed EOS's market cap down to $1.1891B, or 0.05% of the total cryptocurrency market cap. At its highest, EOS's market cap was $17.5290B. EOS had traded in a range of $0.9779 to $1.1635 in the previous twenty-four hours. Over the past seven days, EOS has seen a rise in value, as it gained 28.24%. The volume of EOS traded in the twenty-four hours to time of writing was $413.1132M or 0.18% of the total volume of all cryptocurrencies. It has traded in a range of $0.7869 to $1.1635 in the past 7 days. At its current price, EOS is still down 95.74% from its all-time high of $22.98 set on April 29, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $61,336.6 on the Investing.com Index, down 7.44% on the day. Ethereum was trading at $3,379.40 on the Investing.com Index, a loss of 4.85%. Bitcoin's market cap was last at $1,214.5695B or 51.92% of the total cryptocurrency market cap, while Ethereum's market cap totaled $416.4579B or 17.80% of the total cryptocurrency market value. https://www.investing.com/news/cryptocurrency-news/eos-falls-11-in-bearish-trade-3325311

2024-03-05 19:54

Investing.com - Litecoin was trading at $80.238 by 14:53 (19:53 GMT) on the Investing.com Index on Tuesday, down 10.57% on the day. It was the largest one-day percentage loss since January 3. The move downwards pushed Litecoin's market cap down to $6.141B, or 0.26% of the total cryptocurrency market cap. At its highest, Litecoin's market cap was $25.609B. Litecoin had traded in a range of $80.040 to $91.785 in the previous twenty-four hours. Over the past seven days, Litecoin has seen a rise in value, as it gained 11.32%. The volume of Litecoin traded in the twenty-four hours to time of writing was $1.123B or 0.50% of the total volume of all cryptocurrencies. It has traded in a range of $70.7352 to $94.5214 in the past 7 days. At its current price, Litecoin is still down 80.90% from its all-time high of $420.00 set on December 12, 2017. Elsewhere in cryptocurrency trading Bitcoin was last at $61,639.8 on the Investing.com Index, down 7.44% on the day. Ethereum was trading at $3,418.16 on the Investing.com Index, a loss of 4.85%. Bitcoin's market cap was last at $1,214.569B or 51.92% of the total cryptocurrency market cap, while Ethereum's market cap totaled $416.458B or 17.80% of the total cryptocurrency market value. https://www.investing.com/news/cryptocurrency-news/litecoin-falls-11-in-rout-3325310

2024-03-05 19:47

Copyrighted Image by: Reuters. Bitcoin Hits Low, Falls Below $62,000 Bitcoin Hits Low, Falls Below $62,000 Related ETFs lower: https://www.investing.com/news/cryptocurrency-news/bitcoin-hits-low-falls-below-62000-432SI-3325307

2024-03-05 19:40

Investing.com - XRP was trading at $0.61308 by 04:52 (08:52 GMT) on the Investing.com Index on Friday, down 10.13% on the day. It was the largest one-day percentage loss since August 17, 2023. The move downwards pushed XRP's market cap down to $34.26829B, or 1.33% of the total cryptocurrency market cap. At its highest, XRP's market cap was $83.44071B. XRP had traded in a range of $0.61308 to $0.67515 in the previous twenty-four hours. Over the past seven days, XRP has seen a stagnation in value, as it only moved 0.37%. The volume of XRP traded in the twenty-four hours to time of writing was $4.22679B or 2.12% of the total volume of all cryptocurrencies. It has traded in a range of $0.5857 to $0.7435 in the past 7 days. At its current price, XRP is still down 81.37% from its all-time high of $3.29 set on January 4, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $67,213.7 on the Investing.com Index, down 8.35% on the day. Ethereum was trading at $3,669.77 on the Investing.com Index, a loss of 7.77%. Bitcoin's market cap was last at $1,330.99334B or 51.57% of the total cryptocurrency market cap, while Ethereum's market cap totaled $444.07782B or 17.21% of the total cryptocurrency market value. https://www.investing.com/news/cryptocurrency-news/xrp-falls-10-in-selloff-3339430