Ripple inches lower, as Bitcoin trims gains

The performance of cryptocurrencies varied across the day as investors shifted to other assets such as bonds and equity markets that have rebounded despite renewed concern about the trade war.

Wall Street had stabilized earlier in the day due to concerns that the administration of US President Donald Trump would impose new tariffs on the EU, which would create a new front of the trade war.

The cryptocurrencies were affected by the British regulatory authorities decision to ban the trading of this type of asset for retail investors.

However, the British authorities have granted a license to Prime Factor Capital, the country's cryptocurrencies exchange market.

In terms of trades, Ripple fell by 0.4% to $0.40 by 20:49 GMT, and recorded a high of $0.41 and a low of $0.38.

By contrast, Bitcoin rose 3.4% to $10,849, with the highest at $10942.7 and the lowest at $9662.4.