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The three largest cryptocurrencies in the world are falling Monday, with XRP leading the slump. Bitcoin and Ethereum are also dropping.
Here are the current standings:
- Bitcoin (BTC): $US14,684.09 (-6.55%)
- Ethereum (ETH):$US1,086.33 (-2.53%)
- Ripple (XRP): $US2.380 (-13.80%)
- Bitcoin Cash (BCC): $US2,285.90 (-9.05%)
- Ripple’s XRP has fallen 38% from its all-time high, set just last week.
- Seagate, which makes hard-disks, surged 11% Monday morning after an unconfirmed report that it could own billions of dollars worth of XRP.
- Bitcoin plunged 8% after a weekend rally and reports that Asian regulators are cracking down on miners and exchanges.
- Dogecoin, a cryptocurrency based on a meme, was originally a joke – now it has a market cap over $US2 billion.
- Western Union got a bump Friday that continued into Monday after unconfirmed reports that it was considering using Ripple to facilitate its money transfers.
- Bitcoin miners are reportedly fleeing China as the country steps up its crackdown on cryptocurrencies.