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Stock impact report

XRP and ether drop double digits in massive cryptocurrency sell-off [CNBC]

Intercontinental Exchange Inc. (ICE) 
Last intercontinental exchange inc. earnings: 4/30 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.theice.com
Company Research Source: CNBC
Bitcoin has had a tough week but it was other, lesser-known cryptocurrencies leading the selling-spree Tuesday. Ether , which is the second largest cryptocurrency behind bitcoin, was the biggest loser among the top five by market capitalization and fell more than 12 percent, according to data from industry site CoinMarketCap.com. Ether is down 65 percent this year and was trading near $260 Tuesday after starting the year above $760. The crypto market seems to have hit panic mode, with prices falling significantly across the board, said Matthew Newton, analyst at global investment platform eToro. As we can see in the case of Ether, investors seem to be increasing liquidations of their ICO holdings, with significant drops in price and increased volumes. XRP , the world's third largest digital currency, dropped by 10 percent to about 26 cents. The digital currency is one of the biggest laggards this year, dropping roughly 90 percent after starting the year above $2.30, Show less Read more
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