Prices for bitcoin and Ripple coins dropped early Wednesday, while Ether coins continued their rally. Ripple’s ongoing selloff left that cryptocurrency’s market capitalization down by more than 50% from last week’s peak.
The bitcoin spot price BTCUSD, -4.74% BTCUSD, -4.74% recently was off by 5% at $13,652, according to CoinDesk data. It remains above a one-month low, under the $13,000 mark, that was hit in late December. But it is also far below its recent all-time high above $19,000 that was notched in mid-December.
Bitcoin futures for January BTCF8, -6.10% on the CME dropped 8% to $13,610, and on the Cboe, bitcoin futures XBTF8, -5.88% fell 8% to $13,660.
Meanwhile, Ether coins on the Ethereum blockchain climbed 7% to $1,320, and Ripple slumped 22% to $1.87, according to CoinMarketCap.com data.
Ripple’s market cap has dived to $67 billion from its Jan. 4 peak above $148 billion. It had become the second-biggest crypto by market capitalization last month, but Ethereum reclaimed the No. 2 spot this week.
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Bitcoin remains No. 1 by a wide margin, with a market cap of $231 billion to Ether’s $128 billion.
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