XRP suffers $31BILLION loss in market share as price falls below $2

RIPPLE prices are falling amid fears of an imminent trading ban in South Korea with the cryptocurrency losing more than $30billion from its market cap since Saturday. Here is the latest price news and live updates on Ripple, bitcoin and Ethereum.

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HomeFinanceCity & BusinessRipple price LIVE: XRP suffers $31BILLION loss in market share as price falls below $2
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Ripple price LIVE: XRP suffers $31BILLION loss in market share as price falls below $2
RIPPLE prices are falling amid fears of an imminent trading ban in South Korea with the cryptocurrency losing more than $30billion from its market cap since Saturday. Here is the latest price news and live updates on Ripple, bitcoin and Ethereum.
By SEBASTIAN KETTLEY
PUBLISHED: 10:43, Tue, Jan 16, 2018 | UPDATED: 10:43, Tue, Jan 16, 2018

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The threat of South Korean regulators banning crypto trade has prompted a sell-off of Ripple, bitcoin, Ethereum and other cryptocurrencies.

Ripple prices plunged as low as $1.23 (£0.89) today from a weekend high of $2.05 (£1.49) and an all-time high of $3.84 (£2.79) earlier this month.

The market cap of Ripple has fallen by $31billion from its Saturday price of $79billion (£57billion ) to just $48billion (£34billion) at 10am, according to CoinMarketCap.

Bitcoin notably lost more than £725.90 ($1,000) between 7.14am and 8.34. It is 65 percent down on it’s December record high of £14,507.80 ($20,000).