Ripple's XRP cryptocurrency is plunging
Advertisement
Advertisement
Advertisement
- Ripple's XRP, the third largest cryptocurrency by market cap, slumped as much as 20% Monday morning as all three of the world's largest digital tokens came under pressure.
- XRP is currently trading at $2.32, according to data from Markets Insider, and has a market cap of $90 billion, according to coinmarketcap.com.
- The token is now down 38% from its all-time high, set earlier this month.
- Ripple has been in the headlines a bunch over the past week thanks to the meteoric rise of XRP, which has made multi-millionaires out of those lucky enough to hold massive amounts, like Ripple co-founder Chris Larsen.
- Ethereum, which has leap frogged XRP for the number two slot by market cap, has also fallen by 5% Monday after hitting fresh highs earlier in the day.
- Bitcoin, far and away the largest cryptocurrency, was down 10%.
Advertisement
- India's gold demand up 8% in Jan-Mar to 136.6 tonne despite high rate
- Mahindra XUV 3XO compact SUV launched in India starting at ₹7.49 lakh
- Markets trade firm on global rally, fresh foreign fund inflows
- Sustainable Energy Efficiency
- BenQ Zowie XL2546X review – Monitor for the serious gamers