Economic news

Bitcoin firms above $13,000, Ripple dips

Bitcoin was virtually flat on Monday, trading above the $13,000 mark, while Ripple prices declined. The bitcoin spot price ticked up 0.6% to $13,697.90, according to

The cryptocurrency soared above $14,000 on Saturday, but has since lost its momentum.

The January bitcoin futures on the CME dipped 2.6% to $13,580. Among other cryptocurrencies, Ripple fell 4% to $1.84, while Ethereum slid 2% to $1,331.97.

Bitcoin slumped last week after South Korea’s justice ministry said it plans to ban cryptocurrency exchanges.

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