Ripple rises by 1% as Bitcoin falls below $10,000 mark

Economies.com
2019-07-24 21:08PM UTC

Cryptocurrencies saw a mixed performance during today's trading, coinciding with the opposite in Wall Street, amid the continued concerns about the cryptocurrency that Facebook intends to launch next year, which is called "Libra".

 

Cryptocurrencies continue to cause headaches for governments and global regulators because of the risk that surrounds it being exploited by some in illegal activities such as smuggling, drug trafficking, electronic piracy, money laundering and terrorist financing.

 

Facebook officials stressed that they would take these risks into consideration when the Libra gets lunched, which drew criticism from US President Donald Trump and Federal Reserve Chairman Jerome Powell, and others, as Facebook pointed out that the project would not be carried forward before the approval of the Organizational structure.

 

In terms of trading, by 21:05 GMT, Ripple rose by 1% to $0.32, with the highest price today at $0.32 and the lowest at $0.30.

 

Bitcoin fell by 4.1% to $9706, with the highest price at $10153.8 and the lowest at $9518.4.

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