Crypto Watch: Price Drops for Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin

Published on by Cryptoslate | Published on

Following a rough and tumble week where most major cryptocurrencies and altcoins were trapped in the red, brief signs of recovery on Monday have reversed as Bitcoin, Ethereum, and Ripple continue to drop in price.

Recent activity on the United States' east coast also shows that hype surrounding digital currency and blockchain technology hasn't died down, despite price dips and market volatility.

Since our last price piece, ETH has experienced a price dip and is now trading for $686.90 - about the same from where it previously stood.

The high attendance marks for both the Consensus and Ethereum events suggest that investor interest in cryptocurrency remains high despite ongoing volatility.

Bitcoin Cash has witnessed a solid drop in its price since our last article.

Previously trading at just over $1,400, the currency is now trading for about $1,253.

On Monday, the Winklevoss Twins announced they were adding Bitcoin Cash to their New York-based cryptocurrency platform Gemini Exchange.

While trading details have not yet been released, the company has also stated that it will enable Zcash deposits beginning on May 19, making Gemini the first official Zcash trading platform in the U.S.Litecoin.

Litecoin is trading for about $136. This marks a four-dollar decrease since our previous price piece.

Litecoin will be joining Bitcoin Cash on the Gemini Exchange, and while details are scarce for now, the news may have instigated the currency's temporary rise beyond the $145 mark.