Ripple Loses 8%, Crypto Market Turns Red

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Paul Hackley
XRP lost more than 8% in price following the release of a partnership with Banco Santander. Crypto market turned red and lost nearly $9 bln in the past 24 hours
Ripple Loses 8%, Crypto Market Turns Red
Cover image via U.Today

Ripple (XRP) lost more than 8% in price following the release of a partnership with Banco Santander.

At the same time, the crypto market turned red and lost nearly $9 bln in the past 24 hours with Bitcoin price dropping below $6,500. The downward trend of most major cryptocurrencies, such as Ether (ETH), Bitcoin Cash (BCH) and Stellar (XLM), could be due to the low trading volumes.

As it stands, the crypto market should demonstrate higher volumes for cryptocurrencies to increase in price.

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About the author

Paul Hackley is a journalist and essayist, focusing on blockchain and cryptocurrencies, with a strong interest in the future of the technology.