RATE Group | Bitcoin Isn’t Giving Up Ground As Etherum and Ripple Fall — Here’s Why
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Bitcoin Isn’t Giving Up Ground As Etherum and Ripple Fall — Here’s Why

13 Aug Bitcoin Isn’t Giving Up Ground As Etherum and Ripple Fall — Here’s Why

Posted at 10:09h in Bitcoin News by

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A visual representation of the digital cryptocurrency, bitcoin is displayed on December 22, 2017 in Paris, France. (Photo by Chesnot/Getty Images)

The bitcoin price, which last week looked set to fall under the psychological $6,000 mark after a substantial sell-off, has managed to hold its ground over the last few days — though the same cannot be said of other major cryptocurrencies, including ethereum and ripple (XRP).

Bitcoin, which has been hovering around $6,400 since falling to just over $6,000 on most major exchanges on Friday, has again beaten off some of its biggest rivals — most of which have struggled more than bitcoin to support their valuations this year after 2017’s massive bull run.

In the last 24 hours bitcoin has added a little over 1% to its price, while ethereum is off by 2.5% and ripple (XRP) is down by 1.7%.

Over the past five days, some $43 billion was wiped out off the wider cryptocurrency market from a total of $257 billion…

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