Ripple trims earlier gains as Bitcoin surrenders trading above $13,000

The majority of cryptocurrencies rallied on Wednesday, as support continued from Facebook's announcement of its new cryptocurrency, while Batcoin jumped today above $13,000 for the first time since January 2018, before cutting its gains.

The crypto market continued to attract investors who want to seize the opportunity after Facebook announced that it would launch its new cryptocurrency, Libra, in the first half of next year.

Since December 2018, Bitcoin has jumped by more than 320% and has achieved a 60% gain in June so far.

In terms of trading, by 20:56 GMT, Ripple rose by 1.6% to $0.46, with the highest at $0.49 and the lowest at $0.45.

Bitcoin rose 11.5% to $12,680 after rising by more than 21% earlier in the day, and hit a high of $13,843.8 and a low of $11508.3.