Wednesday, February 7th, 2018. Cryptocurrencies are having a rough start to 2018, and XRP is no exception.”

data-reactid=”25″>Cryptocurrencies are having a rough start to 2018, and XRP is no exception. The digital currency created by Ripple for international payments and money transfers fell below $1 for the second time this year early Thursday, bottoming out at $0.984.

That’s a drop of more than 30% from its high of $3.3153 on January 4, according to data from Markets Insider.  India’s finance minister said the government does not consider cryptocurrencies to be legal tender and “will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payments system.”” data-reactid=”27″>Most coins were under pressure Thursday after India’s finance minister said the government does not consider cryptocurrencies to be legal tender and “will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payments system.” 2018 so far has been marked by extreme volatility for all cryptocurrencies, with many tokens seeing swings as large as 10% in either direction, a swift departure from the previous year in which prices seemed to only go up.

the only major cryptocurrency to finish January in the green. XRP now represents a total market cap of just $39.75 billion, compared to Ethereum’s $110.78 billion.”

data-reactid=”29″>XRP has maintained it’s slot as the third-largest digital currency, but it’s quickly losing even more ground to Ethereum, which was the only major cryptocurrency to finish January in the green. XRP now represents a total market cap of just $39.75 billion, compared to Ethereum’s $110.78 billion. Read more from finance.yahoo.com…

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