Cryptocurrency Prices Could Stay Lower Amid Chinese Policies
After ending the last week on a higher note, Cryptocurrencies dipped largely in Monday’s trade, with bitcoin and ripple leading the downward trend. Bitcoin declined close to 8.37% to $14,806, while Ripple dipped 11% to $2.40. Litecoin also plunged 6.4%, but Ethereum prices moved higher by 4.7% to $1,143.56.
“The reason ripple is surging so much is it’s a bubble,” said Erik Voorhees, CEO of digital asset exchange ShapeShift and a vocal advocate for bitcoin as a way to separate money and the state. “Testing crypto with banks doesn’t make sense. The whole idea of crypto …
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