Ripple (XRP) exceeds Ethereum while the $ 15 billion Bitcoin Bloodblath continues

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Bitcoin, ripple (XRP) and ethereum continued to fall later today the bloodbath of yesterday, with bitcoins declining by almost 3% in the last 12 hours, adding 12% to yesterday rout which canceled more than $ 15 billion from bitcoin market capitalization within minutes.

Ripple, the common name for the XRP digital token, has since passed ethereum as the second cryptocurrency in the world-something has done a number of times in the last few months how ethereum and ripple show off the domain.

Bitcoin, despite its falls, remains the largest cryptocurrency in the world by market capitalization from a considerable distance, boasting a total market value of $ 95.6 billion, compared to ripple and ethere around $ 18 billion .

The recent debacle of Bitcoin has been attributed to the nervousness of investors a bitcoin cash cryptocurrency fork, created from a bitcoin fork last year.

Bitcoin today fell below $ 5.400, setting a new annual minimum, according to the CoinDesk price tracker.

Ripple has somehow outperformed the largest cryptocurrency market in the last 24 hours, dropping by about 10% compared to many other major cryptocurrencies of 15%, due to its association with the established financial industry.

At the start of this week the CEO of Ripple, who created the XRP token, Brad & nbsp; Garlinghouse told Bloomberg, Ripple is "solving a problem of cross-border payments" and that the value of any digital asset will be "based on its ability to solve problems."

Garlinghouse was talking about the technology of his company during the Singapore Fintech Festival, boasting, "The XRP is 1,000 times faster and cheaper than the bitcoin."

However, XRP is down 80% from its peak as most of the major cryptocurrencies re-adjust after the huge "bull" of the last year. The price of ripple rose to over $ 3 last year, up from just $ 0.006 at the beginning of the year.

Meanwhile, bitcoin and cryptocurrency investors are hoping that the last sell-off, which has dragged bitcoins and many other major currencies to the lowest levels seen this year, will be short-lived.

"The sudden decline in the value of bitcoin surprised many investors, although history teaches us that it is likely to be temporary, with prices quickly recovering," said Nigel Green, managing director of financial advisory & nbsp; group deVere.

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Bitcoin, ripple (XRP) and ethereum continued to fall today after yesterday's bloodbath, with bitcoin declining by almost 3% in the last 12 hours, adding to 12% of yesterday's rout that canceled more than $ 15 billion from bitcoin market capitalization in a matter of minutes.

Ripple, the common name for the XRP digital token, has since passed ethereum as the second largest cryptocurrency in the world – something that has done a number of times in recent months, while ethereum and ripple have dominated it.

Bitcoin, despite its falls, remains the largest cryptocurrency in the world by market capitalization from a considerable distance, boasting a total market value of $ 95.6 billion, compared to ripples and ethers of around $ 18 billion.

The recent debacle of Bitcoin has been attributed to the nervousness of investors before a fork of bitcoin cash cryptocurrency, created by a bitcoin fork last year.

Bitcoin today fell below $ 5.400, setting a new annual minimum, according to the CoinDesk price tracker.

Ripple has somehow outperformed the largest cryptocurrency market in the last 24 hours, dropping by about 10% compared to many other major cryptocurrencies of 15%, due to its association with the established financial industry.

At the beginning of this week Ripple's managing director, who created the XRP token, told Bloomberg Brad Garlinghouse, Ripple is "solving a problem of cross-border payments" and that the value of any digital asset will be "based on his ability to solve problems."

Garlinghouse spoke about the technology of his company during the Singapore Fintech Festival, boasting: "XRP is 1,000 times faster and cheaper than bitcoin".

However, XRP is down 80% from its peak, as most of the major cryptocurrencies are readjusted after the last bull rush last year. The price of ripple rose to more than $ 3 last year, compared to only $ 0.006 at the beginning of the year.

Meanwhile, bitcoin and cryptocurrency investors are hoping that the last sell-off, which has dragged bitcoins and many other major currencies to the lowest levels seen this year, will be short-lived.

"The sudden decline in the value of bitcoin surprised many investors, although history teaches us that it is likely to be temporary, with prices recovering fairly quickly," said Nigel Green, managing director of the advisory group. financial deVere.