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Ripple Tumbles 20.22% In Bearish Trade

August 14, 2018 03:22:40

© Reuters.

Ripple was trading at $0.24965 by 22:06 (02:06 GMT) on the Index on Tuesday, down 20.22% on the day. It was the largest one-day percentage loss since January 16.

The move downwards pushed Ripple's market cap down to $10.12B, or 5.27% of the total cryptocurrency market cap. At its highest, Ripple's market cap was $79.53B.

Ripple had traded in a range of $0.24953 to $0.27671 in the previous twenty-four hours.

Over the past seven days, Ripple has seen a drop in value, as it lost 37.64%. The volume of Ripple traded in the twenty-four hours to time of writing was $255.76M or 1.99% of the total volume of all cryptocurrencies. It has traded in a range of $0.24953 to $0.37836 in the past 7 days.

At its current price, Ripple is still down 92.41% from its all-time high of $3.29 set on January 4.

Elsewhere in cryptocurrency trading

Bitcoin was last at $5,946.9 on the Index, down 6.38% on the day.

Ethereum was trading at $252.64 on the Index, a loss of 26.29%.

Bitcoin's market cap was last at $105.12B or 54.69% of the total cryptocurrency market cap, while Ethereum's market cap totaled $26.44B or 13.76% of the total cryptocurrency market value.

Category: News

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