Crypto prices dip as Ripple investors take profits

October 05, 2018
Chris Wheal

Cryptocurrency prices were a little lower on Friday morning ending a week of low volatility and modest moves.

Cryptocurrency prices have dipped in the last 24 hoursThe biggest loser among the top 10 cryptocurrencies by market capitalisation was Ripple’s XRP, as investors continued to take profits following its recent gains.

Brad Garlinghouse, Ripple’s chief executive, did little to promote investment in the token after comments made at this week’s Ripple-hosted Swell Conference.

He said that speculators were playing a dangerous game as more than 90% of currently-existing digital assets will cease to exist in the years to come.

Price round up

Here’s how the rest of the cryptocurrency top 10 shaped up on Friday morning at 11am [London time]:

  • Bitcoin -0.1% at $6,573
  • Ethereum -0.8% at $221.37
  • Ripple XRP -3% at $0.52
  • Bitcoin cash -1.4% at $513.70
  • Eos +0.3% at $5.71
  • Stellar lumens +0.4% at $0.25
  • Litecoin -1.3% at $57.88
  • Tether unch at $1
  • Cardano -0.6% at $0.08
  • Monero +0.3% at $114.14
Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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