Litecoin Plunges 10% in Bearish Market, Cap Drops to $8.86B

Litecoin, the fifth-largest cryptocurrency by market capitalization, experienced a significant drop of 10% in a bearish trading session on Friday. The decline pushed Litecoin's market cap down to $8.86 billion, representing 0.33% of the total cryptocurrency market cap. At its peak, Litecoin's market cap reached $25.61 billion.

Over the past seven days, Litecoin has seen a decrease in value, with a loss of 12.07%. The daily trading volume of Litecoin was $1.98 billion, accounting for 1.26% of the total volume of all cryptocurrencies. The price of Litecoin has fluctuated between $106.48 and $131.92 in the past week.

At its current price, Litecoin is still down 72.25% from its all-time high of $420.00, which was achieved on December 12, 2017.

The bearish trend in Litecoin trading was not an isolated incident, as other major cryptocurrencies also experienced significant losses. Bitcoin, the largest cryptocurrency by market capitalization, fell by 7.87% to $79,486.9. Ethereum, the second-largest cryptocurrency, dropped by 10.27% to $2,115.39.

The market capitalization of Bitcoin was last recorded at $1,584.12 billion, representing 59.81% of the total cryptocurrency market cap. Ethereum's market cap totaled $256.59 billion, accounting for 9.69% of the total cryptocurrency market value.