Ripple drops 2% to three-week trough

Ripple fell nearly two percent, or $0.01 on Tuesday to July 12 lows, as crypto assets resume a selloff wave that stormed them earlier this year after a short respite from losses this month. 

As of 06:50 GMT, Ripple slid 1.96% to $0.43721 from the opening of $0.44587, with an intraday high at $0.44610, and a threw-week low at $0.42713, with Ripple's market value now up to $43.8 billion. 

The U.S. Securities and Exchange Commission (SEC) once again rejected an application for a Bitcoin exchange-traded fund by Tyler and Cameron Winklevoss after a first rejection in March 2017. 

In other news, and in an effort to alleviate some of the concerns and prevent hefty losses for small investors, the Japan Virtual Currency Exchange Association (JVCEA) is obligating its member exchanges to put a cap on the activities of its participants. 

The Path of Ripple 

It's worth mentioning that Ripple was first launched on March 7, 2015, to start trading at $0.015, with the virtual currency losing nearly two thirds of its value by early 2016 to $0.0059, before rising 5% during 2016 to $0.0063, and then skyrocketing 28,000% to $1.748 by the end of 2017, before marking unprecedented highs in January at $3.30, then losing 85% of value rapidly in the last few months, and finally closing the first half of the year below $0.5.