Ripple CEO: Bitcoin’s influence over cryptocurrency prices is almost over
By Bryan Clark
Since their inception, altcoin prices have mostly risen and fallen with the price of Bitcoin. According to Ripple CEO Brad Garlinghouse, those days are numbered. “There’s a very high correlation between the price of [Ripple] and the price of bitcoin, but ultimately these are independent open-sourced technologies,” Garlinghouse told CNBC. “It’s early, over time you’ll see a more rational market and behaviors that reflect that.” In the earliest days of altcoins, it was a necessary evil. Entering a cryptocurrency market was typically accomplished in a fairly straightforward manner: purchase Bitcoin (BTC) by trading your preferred currency (like USD) for an…
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May 31, 2018 at 08:12PM
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