[ad_1]
The price of XRP, the third largest cryptocurrency by market capitalization, fell 18.64% today, according to data from CoinMarketCap.
After hitting daily highs of $ 0.71 at 15:19 UTC, the price of XRP dropped sharply to around 20:00 from $ 0.66 to lows of $ 0.59. XRP’s current price is $ 0.62 and its market cap is $ 28 billion.
However, the decline follows a huge market rally; XRP is still up 112% over the past week. XRP started to rise last Friday. Thus, its price was only $ 0.31.
XRP is far from the only coin to crash today. Bitcoin, the largest cryptocurrency by market capitalization, fell 1.68% today to $ 18,832 – in its decline, Bitcoin slips further from its all-time high of ~ $ 20,000. Ethereum, the second largest currency by market capitalization, fell 4.58% to $ 580.
The other major currencies also fell: Bitcoin Cash fell by 5.74%; Chain of 7.8%; Litecoin fell 7.1% and Cardano fell 5.53%.
Coinciding with the decline is the closing of the US stock markets. The S&P 500 fell from its all-time high and the Dow Jones fell below 30,000 basis points.
However, all the top coins are active for the week and are outperforming their previous pre-bull run cars. Bitcoin, which was worth $ 10,500 at the beginning of last month, is still a long way off, far above, at $ 18,832.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.
