Crypto Carnage Continues – Ripple Now Down 40% Year-To-Date

Crypto Carnage Continues – Ripple Now Down 40% Year-To-Date:

Overnight reports from South Korea started it; European regulator comments extended it this morning; and Shanghai “scrutiny” headlines just sparked another slam as cryptocurrencies are getting hammered today…

We detailed the anxiety over a more widespread crackdown on crypto-trading overnight, and since the US came back from its MLK-Day vacation, things have got worse.

It started with a repeat of South Korean finance ministry shutdown headlines.

Then Steven Maijoor, chairman of the European Securities and Markets Authority, said investors “should be prepared to lose all their money” in bitcoin, in a Bloomberg TV interview in Hong Kong. “It has an extremely volatile value, which undermines its use as a currency,” he said. “It’s also not broadly accepted.”

Read moreCrypto Carnage Continues – Ripple Now Down 40% Year-To-Date

Ethereum Hits Record High Above $1,000 As Ripple Sinks On Coinbase Denial

Ethereum Hits Record High Above $1,000 As Ripple Sinks On Coinbase Denial:

Whether it is Coinbase’s denial of plans to include Ripple on its network or simply a broader understanding of the asset, 2018’s high-flyer is lagging today as investors regain their appetite for Ethereum (record highs over $1000) and Bitcoin (over $16k) overnight.

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Ripple Ramp Continues – 2017’s Best-Performing Crypto Is Up 30% Already In 2018

Ripple Ramp Continues – 2017’s Best-Performing Crypto Is Up 30% Already In 2018:

After gaining over 36,000% in 2017 – the best-performing crytocurrency, Ripple is soaring again today (after a brief dip yesterday) to $100 billion in market cap and up 30% year-to-date for 2018.

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