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XRP overtakes Ethereum [ETH] in the bearish market; regains second position

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The cryptocurrency market has been going through a rough patch this new year as the market saw major coins plunging on December 10. The major coins were hit by the bear and saw a massive fall, including Ethereum [ETH]. The coin, which was the second-largest coin until the dawn of December 10, slipped to the third position, making XRP, the second largest coin.

Source: CoinMarketCap

Source: CoinMarketCap

At the time of press, the coin was valued at $134.27, with a market cap of $14 billion. The coin registered a 24-hour trade volume of $2.9 billion with a fall of over 11% in the past day. The coin registered an overall growth of 11.52% over a week, but has fallen victim to the bear attack and fallen by 0.05% over the past hour.

Source: CoinMarketCap

Source: CoinMarketCap

The coin registered a maximum trading volume on OKEx. The total volume traded on the exchange was noted to be $143 million with the ETH/USDT pair. Meanwhile, IDAX reported a trading volume of $91 million with the KZE/ETH pair. IDAX was followed by DigiFinex, with a volume $90 million with the ETH/USDT pair.

Source: CoinMarketCap

Source: CoinMarketCap

Meanwhile, XRP regained its second position with a market cap of $14.2 billion and was valued at $0.3485. XRP registered a 24-hour trade volume of $766 million, with a fall of over 5% in the past day. The coin has recorded growth over the past week by 4.80% but has fallen by 0.73% over the past hour.

The coin was highly traded on UPbit, with the exchange registering a volume of $69 million with the XRP/KRW pair. ZB.COM followed UPbit, in terms of trading volume by registering a volume of $62 million with the XRP/BTC pair. Binance took the third position with $54 million volume on the XRP/USDT pair.

Earlier today, the coin had fallen briefly to the third position, but had managed to overtake XRP in no time.

Source: CoinMarketCap

Source: CoinMarketCap

The bear is not favoring any major coin and has attacked every single one of them. At the time of press, Bitcoin Cash had plunged by 13.97% over 24 hours, followed by Litecoin [LTC] which recorded a fall of 11.70%, and EOS which noted a fall by 9.20%.

The post XRP overtakes Ethereum [ETH] in the bearish market; regains second position appeared first on AMBCrypto.