10/23/2019, 2:53 PM (Source: TeleTrader)
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Cryptocurrencies fall ahead of Zuckerberg testimony

Prices of leading cryptocurrencies dropped on Wednesday ahead of Facebook Inc. chief executive Mark Zuckerberg's testimony on the Libra project in front of the United States House Financial Services Committee. In his prepared statement, Zuckerberg will claim that cryptocurrency will help extend the US's financial leadership as well as its "oversight around the world."

Bitcoin fell 5.57% against the dollar to change hands for 7,605.5000 at 8:51 am ET. Ethereum, the second-biggest crypto by market cap, dropped 6.60% to sell for $160.48188 at 8:50 am ET. Meanwhile, Ripple was down 5.59% against the greenback at 8:54 am ET to go for 0.275210.

Breaking the News / MD