Crypto News | Ripple and Cardano went down

When it comes to the latest news on cryptocurrency prices, you’re at the right place. We start our week with the information that Ripple and Cardano went down 10 percent. Other major cryptocurrencies, such as Bitcoin and Ethereum, dropped by a relatively small margin. Although Ripple and Cardano went down, analysts think that this is only a consolidation of prices. Also, they link this drop to the changes in South Korean cryptocurrency market.

Remember that the cryptocurrency market in South Korea is preventing locals from creating new accounts. Only those who became traders before the start of this year are still able to trade. However, South Korean exchanges should start accepting new users by the end of January.

As for the biggest and the most important cryptocurrency – Bitcoin – it had a very interesting week, but Monday was quiet. According to the latest information, it seems that the Bitcoin boom could be big news for City of London job applicants, since the City’s main recruiter believes that blockchain technology will soon become so influential that it will create many new jobs. When it comes to the coin’s price, bitcoin is currently priced at $11.301 which represents a drop of $200 today so far.

As for the global news from economy and shares markets, the pan-European STOXX 600 index was flat. Germany’s .GDAXI DAX was down 0.1 percent and France’s .FCHI CAC-40 was down 0.2 percent. The MSCI world equity index .MIWD000PUS (that tracks shares in 47 countries) was flat, as well. We’ve got some news for those who do business with the dollar, too. It maintained its position near three-year lows, while the EUR=EBS went up by 0.2 percent. Besides that, we’d like to highlight that oil prices rose  Saudi Arabia announced the possibility of cooperation between oil producers. That’s it from us for today, but join us tomorrow for more exciting revelations from the world of cryptocurrencies and economy in general.


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Author: Max Rothstein

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