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Bitcoin Falls, Ethereum Down 11%; Ripple Crypto Product to Go Live Next Month

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Old 18-09-2018, 05:08
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Default Bitcoin Falls, Ethereum Down 11%; Ripple Crypto Product to Go Live Next Month

Bitcoin and other cryptocurrency prices fell on Tuesday, with Ethereum and Litecoin down more than 11%. Ripple hinted that its cryptocurrency product xRapid would go live “in the next month or so.”
Bitcoin traded 3.6% lower to $6,249.9 at 12:20AM ET (04:20 GMT) on the  Bitifinex  exchange. 
Ethereum  plunged  11.5% to $196.13 in the previous 24 hours.  
XRP also slid 3.1% to $0.27244 on the  Poloniex  exchange, while  Lite coin  slumped 11.7% at $50.816. 
In other news, platform exchange Coinbase is planning to hire 130 employees in its New York office by the end of next year, bringing the total staff to 150. The move is part of the companies plan to target institutional investors.
When we saw the market begin to correct, which we all expected, institutions didn’t lose interest. It was exactly the opposite. They look at it as an opportunity to enter when things are not too frothy
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