Cryptocurrency

Ripple declines amid calm trading

2019-02-12 03:06:15 GMT (Economies.com)

Ripple and Bitcoin fell marginally on Monday amid calm market trading, in cryptocurrencies and stocks alike, as investors look towards US-China trade talks. 

 

The Venezuelan government, led by Nicholas Maduro, imposed new fees and restrictions on the use of the local cryptocurrency petro, which is backed by the country's oil reserves. 

 

Venezuela is imposing a $0.28 tax on every deal with cryptocurrencies. 

 

As of 21:30 GMT, Ripple fell 0.8% to $0.3, with an intraday high at $0.31, and a low at $0.29, with market value receding to $30.3 billion. 

 

Bitcoin retreated 0.1% to $3,621, with a session-high at $3,683.2, and a low at $3,602, with market value receding to $63.4 billion. 

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