Bitcoin Plunges 10% in Largest Daily Drop Since November

Bitcoin, the world's largest cryptocurrency, experienced a significant drop on Tuesday, with its price falling by 10.02% to $83,747.4 by 20:43 (01:43 GMT). This marked the largest one-day percentage loss since November 9, 2022. The decline pushed Bitcoin's market capitalization down to $1,690.2 billion, representing 60.70% of the total cryptocurrency market capitalization. At its peak, Bitcoin's market capitalization reached $2,101.5 billion.

Over the past seven days, Bitcoin has seen a decrease in value, with a loss of 7.31%. The 24-hour trading volume for Bitcoin was $70.1 billion, accounting for 41.11% of the total volume of all cryptocurrencies. The price of Bitcoin has fluctuated within a range of $78,329.7891 to $94,986.5000 over the past week. Despite the recent decline, Bitcoin's current price represents a new all-time high.

Other cryptocurrencies also experienced price movements. Ethereum, the second-largest cryptocurrency by market capitalization, fell by 16.73% to $2,047.59. Tether USDt, a stablecoin, lost 0.03% of its value, trading at $0.9999. Ethereum's market capitalization was last at $253.5 billion, representing 9.10% of the total cryptocurrency market capitalization, while Tether USDt's market capitalization totaled $142.4 billion, accounting for 5.11% of the total cryptocurrency market value.