Ripple Declines 10.74% Amid Bearish Trading

Article Summary

Cryptocurrency trading saw significant movements recently, with Ripple trading at $0.32478 as of 18:58 on Saturday, marking a decline of 10.74% for the day. This drop represents Ripple’s largest percentage loss since August 18. The decrease reduced Ripple’s market capitalization to $12.92 billion, accounting for 6.05% of the total cryptocurrency market cap. At its peak, Ripple’s market cap reached $79.53 billion.

Over the preceding twenty-four hours, Ripple fluctuated between $0.31339 and $0.36987. In the past week, however, Ripple recorded an overall increase of 7.19%. The trading volume for Ripple during the last twenty-four hours was $469.43 million, which corresponds to 3.34% of the total trading volume across all cryptocurrencies. In the past week, Ripple’s prices have ranged from $0.24706 to $0.37355. Despite this recent uptick, Ripple is still down 90.13% from its all-time high of $3.29, reached on January 4.

Broader Cryptocurrency Trends

Other cryptocurrencies also experienced losses, with one trading at $6,397.6, down 2.73% for the day, and another at $294.65, reflecting a 7% decline. Bitcoin’s market capitalization is currently around $110.94 billion, making up 51.95% of the total market, while Ethereum’s market cap stands at $30.10 billion, which is 14.10% of the overall cryptocurrency market value.