Cryptocurrency prices fall: ethereum and ripple lose 8%

September 05, 2018
Chris Wheal

Cryptocurrency prices were lower on Wednesday, with losses widening as the morning progressed with ethereum and ripple both registering daily losses of more than 8%.

Ethereum prices fall more than 8%

Ethereum continued to decline, despite the announcement on Tuesday that Google had added the token to its BigQuery data platform.

John Isige, analyst at FXStreet, noted ethereum’s current weakness on the charts. He said: “Ethereum is trading below the 50SMA on the 15-minutes chart. The trend is generally bearish, besides technical signals are quite negative.”

Price round up

Here’s a round up of the price movements of the top 10 cryptocurrencies by market capitalisation:

  • Bitcoin -2.7% at $7,128
  • Ethereum -8.2% at $265.77
  • Ripple -8.8% at $0.31
  • Bitcoin cash -7.3% at $587.91
  • Eos -7.7% at $6.01
  • Stellar lumens -1.2% at $0.22
  • Litecoin -5.9% at $64.03
  • Tether +0.3% at $1
  • Cardano -5.4% at $0.10
  • Monero -5.2% at $132.22

 

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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