Home Ethereum Ripple falls, making Ethereum the second-biggest cryptocurrency once again

Ripple falls, making Ethereum the second-biggest cryptocurrency once again


Ethereum moved higher Tuesday, while Ripple coins were down, with the moves pushing Ripple back to No. 3 among the cryptocurrencies.

The bitcoin spot price

BTCUSD, -6.85%

BTCUSD, -6.85%

slipped 0.1% to $14,533, according to CoinDesk data, recovering somewhat from Monday’s drop of nearly 6%. It remains far below its recent all-time high above $19,000, which was hit last month.

Bitcoin futures for January

BTCF8, -9.52%

on the CME dropped 1.6% to $14,520, and on the Cboe, bitcoin futures

XBTF8, -6.89%

 added 0.2% to $14,820.

Meanwhile, Ethereum climbed 9.7% to $1,268.04, and Ripple fell 14% to $2.12, according to CoinMarketCap.com data.

Ripple became the second-biggest crypto by market capitalization last month, but Ethereum is back at the No. 2 spot this week.

Bitcoin remains No. 1 by a wide margin, with a market cap of $259 billion to Ethereum’s $122 billion and Ripple’s $96 billion.

Read: 7 cryptocurrencies to watch in the hunt for the next bitcoin

On Monday, most virtual currencies sold off, with analysts blaming developments tied to South Korea, where regulators have stepped up their scrutiny of the industry. CoinMarketCap.com delisted Korean exchanges from its aggregate exchange platform, and industry participants said that triggered selling.

See: Proposal for risky bitcoin-based ETFs withdrawn

Also: North Korean malware found that mines cryptocurrency, experts say

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