Cryptocurrencies Drop as High Flier Ripple Trades 50% Below Peak
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Ripple, one of the best-performing cryptocurrencies in 2017, led a retreat among peers on Wednesday as some investors reassessed whether last year’s gains were justified.
The digital currency tumbled as much as 24 percent to $1.61, or about half the value of its Jan. 4 peak, according to data compiled by Bloomberg. Ripple pared the loss to 12 percent, as bitcoin and litecoin both fell by about 5 percent.