Endorsed by Gambling911

Bitcoin, Other Crytocurrencies Drop in Monday Trading

Written by:

Guest

Published on:

Jan/08/2018

Bitcoin, Other Crytocurrencies Drop in Monday Trading

Bitcoin and Ripple 6.3 percent and 8.9 percent, respectively, while Ethereum remained steady Monday.

Now accepting most forms of crypto-currencies

Ripple traded 8.9 percent lower on the Bitstamp exchange while Coinmarketcap.com showed its price down nearly 25 percent.

Bitcoin was off by 6.3 percent with its futures falling 12% at CBoe, trading at $15010 as of 2:31 p.m. New York time. Litecoin fell 5.1 percent according to Coinbase.

Five-year-old Ripple has been on fire of late. It is currently among the 60 plus cryptocurrencies accepted at the online poker room Americas Cardroom.

"The reason ripple is surging so much is it's a bubble," said Erik Voorhees, CEO of digital asset exchange ShapeShift and a vocal advocate for bitcoin as a way to separate money and the state. "Testing crypto with banks doesn't make sense. The whole idea of crypto is you don't need banks."

Cryptocurrencies are plunging, led by ripple, bitcoin from CNBC.

- Aaron Goldstein, Gambling911.com

Video News News

Exclusive: Brendan Haywood Picks UNC to Go All the Way

Insists he's not being biased in this BetOnline exclusive interview.

CFP Championship Game Betting Preview 2024

America loves an underdog story, but the majority of the United States is rooting against the “dogs” (Washington Huskies) in Monday’s CFP National Championship game. Michigan has been hovering between a -4 and -4.5 favorite.

ACR Poker Nearly Back to Normal Following Holiday Weekend Software Meltdown (Update)

In a heartfelt holiday message, ACR Poker CEO Phil Nagy claimed not to have slept for three days or to have wished his mother a Merry Christmas.

Senator Mullin vs. O'Brien Fight Odds Now Up

It's not often we get to cross the intersection of sports and politics, but on Tuesday that's exactly what happened when a congressional hearing devolved into an angry confrontation between these two men.

iGaming and Blockchain With Becky Liggero and LilBit

Long time friend of the Gambling911.com website Becky Liggero sat down with the frontline voice of BSV Blockchain, Handcash, Champions TCG and newcomers LilBit to discuss, among other things, the world of iGaming and how blockchain and micropayments can impact the space.