Bitcoin, Other Crytocurrencies Drop in Monday Trading

Written by:
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Published on:
Jan/08/2018

Bitcoin and Ripple 6.3 percent and 8.9 percent, respectively, while Ethereum remained steady Monday.


Now accepting most forms of crypto-currencies

Ripple traded 8.9 percent lower on the Bitstamp exchange while Coinmarketcap.com showed its price down nearly 25 percent.

Bitcoin was off by 6.3 percent with its futures falling 12% at CBoe,  trading at $15010 as of 2:31 p.m. New York time. Litecoin fell 5.1 percent according to Coinbase.

Five-year-old Ripple has been on fire of late.  It is currently among the 60 plus cryptocurrencies accepted at the online poker room Americas Cardroom.

"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 is you don't need banks."

Cryptocurrencies are plunging, led by ripple, bitcoin from CNBC.

- Aaron Goldstein, Gambling911.com

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