Ripple falls slightly as Bitcoin jumps back above $11K

Most of the cryptocurrencies performance varied during Tuesday's trading as Ripple declined slightly, while Bitcoin regained it bullish tone above the $11,000 barrier.

This comes amid investors reluctance of the global stock markets and the rising demand on precious metals as safe havens.

For its part, WalMart announced in China that it will use Blockchain technology to track the food supply chains.

On the other hand, the Iranian government has announced that it will cut off electricity from cryptocurrency mining activities until a new pricing strategy is put in place and implemented.

In terms of trade, by 2112 GMT, Ripple fell by 0.2% to $0.46, with the highest at $0.48 and the lowest at $0.46.

In contrast, Bitcoin rose 4% to $11,383, with the highest at $11481 and the lowest at $10,890.

Bitcoin jumped to its highest level this year, continuing its gains to gradually approach its 2017 record levels, when it approached $20,000.