Cryptocurrency markets turned bearish on Wednesday, plunging nine of the top 10 cryptocurrencies into negative territory. The training price carried the weight of the shot and dropped 20 percent to go below the $ 2 mark, but the damage was not isolated at XRP. Ethereum, meanwhile, continued to climb to unprecedented heights despite the poor performance of broader markets.
In total, the combined value of all cryptocurrencies lost more than $ 28 billion, a decrease of four percent that reduced the market cap to $ 700,300,000,000 cryptocurrency.
Bitcoins price posted another disappointing return after its weekend surge to $ 17,252, down six percent to $ 13,789 on the Bitfinex cryptocurrency exchange. At present, Bitcoin's global average is just above $ 14,000, which translates into a market capitalization of $ 235.4 billion.
Ethereum prices continued their upward trend of a week after moderate gains as broader markets plummeted, and the second largest cryptocurrency briefly surpassed the $ 1,400 mark on several major markets. scholarships. Currently, ethereum is trading at $ 1,281 on Bitfinex, which represents a daily gain of 6% and puts ethereum's market capitalization at $ 125.6 billion.
Ripple XRP, however, was not so lucky. The price of the ripple fell by 20% on Wednesday, which was the worst of the 10 most important cryptocurrencies. On Bittrex, the price of the ripple reached the current value of 1.89 dollar, which is equivalent to its world average (excluding South Korea). Ripple now has a market capitalization of only $ 73.3 billion, which puts it at over $ 50 billion behind Ethereum in the race to reach the second-highest cryptocurrency valuation.
Although the 20% drop in the ripple was the worst among the first-rate pieces, its poor performance was far from an isolated competition. Outside the Ethereum, all 10 high returns of a cryptocurrency drop a single day, and many have seen their prices drop to double-digit percentages.
The bitcoin cash price weathered the storm better than most, declining by one per cent to $ 2,346. The cardano price, however, plunged 15 percent, which was the second worst of the top 10 coins. Litecoin was able to stop the bleeding at 4%, which earned him fifth place in the rankings, far from NEM, whose price dropped by 13%.
Stellar, ranked eighth, was unable to capitalize on the misery of NEM because its price dropped 14 percent to $ 0.53. IOTA and EOS did not do much better, falling six percent and five percent to bring their prices to $ 3.41 and $ 8.71, respectively.
Dash, meanwhile, dropped 4% but managed to keep its price above the $ 1,000 psychological barrier.
Article Source: https://steemit.com/ripple/@ultraspace/ripple-20-plonge-but-ethereum-price-continues-to-rise-in-the-shaky-market
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