At 9:18 PM (18:18 GMT) on Thursday, Bitcoin was trading at $66,030.5, according to the Investing.com index, down 10.01% on the day.
This was the largest drop in the cryptocurrency's price since November 9, 2022.
The decline was also driven by a reduction in Bitcoin's market capitalization to $1,321.5B, or 58.15% of the total cryptocurrency market capitalization. At its previous peak, Bitcoin's market capitalization was $2,488.1B.
Over the past 24 hours, Bitcoin has traded in a range of $66,030.5 to $73,292.0.
Over the past 7 days, Bitcoin has experienced a decline in price, losing 21.31%. Bitcoin's trading volume in the last 24 hours prior to the publication of this material was $103.1B, or 44.50% of the total volume of all cryptocurrencies. The price has fluctuated between $66,030.5078 and $84,705.0547 over the past seven days.
Bitcoin has currently fallen from its high of [unclear text].
Meanwhile, other cryptocurrencies
Ethereum last traded at $1,950.40, according to the Investing.com Index, down 8.93% on the day.
Tether USDt traded at $0.9989, according to the Investing.com Index, up 0.05%.
Ethereum's market capitalization is $235.7B or 10.37% of the total cryptocurrency capitalization, while Tether USDt's market capitalization is $185.3B or 8.16% of the total crypto market capitalization.