Bitcoin’s value decreased by 8.00%, reaching $26,402.


This is the lowest value at 5.09 p.m. since June 19, 2023, when it was traded at $26,710.90. The percentage drop is the most significant since June 5, 2023, when it plummeted by 5.94%. The cryptocurrency has faced a downward trend for eight out of the last nine days, with a consecutive five-day slide resulting in a 6.29% loss during this period. This ongoing losing streak is the longest since July 8, 2023.

Check live: Bitcoin falls 8.00%

Reflecting its recent performance, Bitcoin’s most recent five-day stretch, ending on this day, mirrors the dismal performance seen in the five days concluding on May 12, 2023, which saw an 8.54% decline.

When considering the current month, Bitcoin has dropped by 5.34%, yet its year-to-date growth remains at an impressive 66.91%. However, in comparison to its all-time high of $67,802.30 on November 9, 2021, the cryptocurrency has suffered a considerable 59.26% decrease. Conversely, it remains 17.96% higher than its value a year ago on August 18, 2022, when it stood at $23,417.45.

Furthermore, Bitcoin’s current value is 11.96% below its peak of $31,377.28 on July 13, 2023, based on 5 p.m. data. In contrast, it has soared by 77.05% from its lowest point in the past 52 weeks, recorded at $15,602.37 on November 21, 2022.

Today’s trading saw Bitcoin hit a low of $27,575.59, marking the most substantial intraday drop of 4.69%. This is the most significant intraday percentage decrease since June 5, 2023, when the decline was as steep as 6.66%.

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