Cryptocurrencies climb due to optimism around Ripple

Jamie McKane

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Cryptocurrencies climb due to optimism around Ripple

Cryptocurrencies surged on Friday as optimism surrounding Ripple Labs Inc.’s plans for using a digital coin spread, lifting peers that have lost more than $600 billion of value since January.

XRP, the cryptocurrency commonly referred to as Ripple, surged as much as 22 percent, taking its one-week increase to more than 75 percent.

[Bloomberg]
 
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