XRP sheds 12% in 24 hours as it drops to 81c – crypto movers and shakers
Posted on May 24, 2021 by Jonathan Symcox
Ripple’s XRP coin has continued its prolonged fall in value as it shed 12% in value in 24 hours to head below 81 cents.
XRP, which has dropped in value since April after hitting a high of $1.91, was still worth $1.53 last Tuesday morning but is now heading back towards its value at the start of the last bull run.
Bitcoin is down to $35,000 at the time of writing (7am) after falling 5% in value in 24 hours.
It has been a volatile period for BTC, which is 17% down in a week, in particular. It was damaged recently by Tesla’s decision to no longer accept it as a payment method due to environmental concerns, such is CEO Elon Musk’s influence on the crypto markets these days.
The banning on Tuesday of Chinese financial institutions and payment companies from providing crypto transaction services, plus warnings from that country and the US against speculative crypto trading, is continuing to affect the markets.
Ethereum (ETH) also dropped 5% to $2,119 and is down by a third in a week.
Dogecoin (DOGE), the coin created as a crypto parody and based on a meme, is heavily backed by Musk. The CEO has pledged to work with developers to improve its blockchain infrastructure but it is now down to around 31c after a 10 fall since Sunday morning – 35% down on last Monday.
Litecoin (LTC) is now at $150, having shed 12% in one day and 45% in a week. The altcoin – billed a lighter and faster version of Bitcoin – was worth $200 on Friday morning.
The biggest falls were Helium (HNT), which shed 22% to $14.61, and Polygon (MATIC), which is at $1.37 after falling 19%.
Terra (LUNA) was the biggest winner since Sunday morning, up 25% to $4.72 – a 68% climb in a week.
To see how the valuations of the biggest movers and shakers – and main coins – have changed over the last few days, click here.
For up-to-the-minute valuations of the top 100 coins by market cap, and the one-hour price change, see below.
To see the Crypto Rich List, the world’s richest people in cryptocurrency, scroll down to the bottom of the page.