Cryptocurrency

Ripple drops by more than 4%

2019-05-20 22:47:50 GMT (Economies.com)

Ripple continued its losses whilst the crypto market trimmed its losses and Bitcoin rebound to trade above the $8,000 barrier, amid negative statements on the crypto assets.

 

A senior official of the Russian parliament said that cryptocurrencies are a dangerous type of assets and must be treated with caution, pointing out that cryptos could lead to a fall of governments.

 

This comes amid the continuing escalation of the US-China trade war, which is affecting investors' appetite for risky assets.

 

In terms of trades, by 21:20 GMT, Ripple dropped by 4.5% to $0.40, the highest at $0.43 and the lowest at $0.38.

 

Bitcoin fell by 0.6% to $8027, with the highest price of the day at $8292 and the lowest price at $7574.

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