By Victor Reklaitis, MarketWatch
Prices for bitcoin and Ripple coins dropped early Wednesday, while Ether coins continued their rally. Ripple’s ongoing selloff left that cryptocurrency’s market capitalization down by more than 50% from last week’s peak.
The bitcoin spot price /zigman2/quotes/31322028/realtime BTCUSD +2.16% /zigman2/quotes/31322028/realtime BTCUSD +2.16% recently was off by 5% at $13,652, according to CoinDesk data . It remains above a one-month low, under the $13,000 mark, that was hit in late December. But it is also far below its recent all-time high above $19,000 that was notched in mid-December.
Bitcoin futures for January on the CME dropped 8% to $13,610, and on the Cboe, bitcoin futures fell 8% to $13,660.
Meanwhile, Ether coins on the Ethereum blockchain climbed 7% to $1,320, and Ripple slumped 22% to $1.87, according to CoinMarketCap.com data .
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Ripple’s market cap has dived to $67 billion from its Jan. 4 peak above $148 billion. It had become the second-biggest crypto by market capitalization last month, but Ethereum reclaimed the No. 2 spot this week.
Bitcoin remains No. 1 by a wide margin, with a market cap of $231 billion to Ether’s $128 billion.