Litecoin Financial News

BNB, XRP, Polygon, and Tron were trading in the red, while Cardano, Toncoin, Litecoin, and Solana were trading in the green. Meanwhile, the global cryptocurrency market cap declined 0.44% to around $1.08 trillion in the last 24 hours. Bitcoin was down 0.6% at $27,484 as of 12:15 p.m., while Ethereum was below the $1,650 level. In the last 24 hours, the crypto market has traded sideways with slight selling pressure. The crypto fear and greed index is up 2 points since yesterday and currently stands at the middle of the scale with a score of 50/100, said Parth Chaturvedi, Investments Lead, CoinSwitch Ventures. «In an important development, yesterday's trial against SBF has sparked a new media wave, wherein Gary Wang, the former chief technology officer and co-founder of FTX admitted to committing multiple forms of fraud.

cryptocurrency market cap declined 2% to around $1.09 trillion in the last 24 hours. Bitcoin was down 1.8% at $27,617 as of 12:38 p.m., while Ethereum was below the $1,700 level. «Bitcoin’s price rose above $28,000, the highest level in the last 30 days, before consolidating around $27,500. This price movement could be because of the U.S. 10-year Treasury yield soaring another 11 basis points to 4.69%, slightly affecting the gains caused by positive indicators like the Ether futures ETFs approvals by the U.S. SEC,» said Edul Patel, CEO and co-founder of Mudrex. Meanwhile, Shubham Hudda, Senior Manager at CoinSwitch Markets Desk, said, «Bitcoin momentarily broke above the extremely important resistance of $28.5k, which is the 50-day Exponential Moving Average (50EMA) as well, before bears took the grip and BTC fell back to around $27.5k. This volatility means that the market saw its highest volumes in more than a month. More volumes will attract more traders to the market.»

Cryptocurrencies have come a long way since the inception of Bitcoin in 2009. From being viewed as a mere experiment, they have become a mainstream asset class with a market capitalization of over $2 trillion. However, as the popularity of cryptocurrencies continues to grow, so does the scrutiny surrounding their environmental impact. 

The Litecoin price remains up by 2.5% in the past week, although a fall this morning to $65.81 means that it has lost 2.5% in the last 24 hours.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

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Toncoin, and Solana were trading with gains, while XRP, BNB, Cardano, Dogecoin, and Litecoin were trading with cuts. Bitcoin (BTC) rose 0.7% to $26,419, whereas Ethereum (ETH) was above the 1,600 level. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.06 trillion, rising 0.6% in the last 24 hours. BTC has managed to maintain its position above the $26,000 level, even as the S&P 500 experienced a significant drop to a three-month low and the US dollar index (DXY) reached a new year-to-date high. This relatively stable performance is viewed as a positive sign, indicating a lack of aggressive selling at lower price levels, said ZebPay Trade Desk. In today's trade, Solana, Toncoin, and Ethereum rose up to 3%, while XRP, Litecoin, and Cardano declined up to 1%.

cryptocurrency market cap was trading at around $1.05 trillion, falling 0.25% in the last 24 hours. Bitcoin was down 0.25% at $26,229 as of 11:55 a.m., while Ethereum was flat at $1,590. «The crypto market remained flat during the last 24 hours as traders await the Fed chief’s speech on Thursday, which will give us a clear picture of future rate hikes,» said Shivam Thakral, CEO of BuyUcoin. Meanwhile, Edul Patel, Co-Founder & CEO of Mudrex, said, «Bitcoin’s price has consolidated above the $26100 level. This could be because of the US 10-year Treasury yield moving up to 4.55%, matching its highest level in about 16 years.»

Dogecoin ($DOGE) is highly volatile after a mix of news caused uncertainty in its market. Elsewhere, TRON ($TRX) turned bullish as more developments were implemented on its network. Yet, Borroe.Finance ($ROE) still dominates the cryptocurrency space, delivering 50% profits for early investors. 

cryptocurrency market cap was trading at around $1.05 trillion, rising 0.76% in the last 24 hours. Bitcoin was up 0.56% at $26,291 as of 11:58 a.m., while Ethereum rose 0.78% to $1,590. The crypto market has traded sideways with slight buying pressure. Continuing its oscillation between the neutral and fear zones, the crypto fear and greed index is back in the fear zone with a score of 46/100 after shedding off a point since yesterday. Markets at large, including crypto and even global equities, are currently dealing with the rate hike concerns and rising treasury yields, said Shubham Hudda, Senior Manager, CoinSwitch Markets Desk. Barring Solana, Toncoin, and Shiba Inu, all major crypto tokens were trading higher on Tuesday. BNB, XRP and Polygon gained up to 2%.

Meanwhile, the global cryptocurrency market cap was trading lower, around $1.04 trillion, falling 1.16% in the last 24 hours. «The markets remained calm over the weekend with BTC failing to retain the $27,000 level. The rising crude oil process and geopolitical uncertainty may restrict the crypto market momentum in the coming weeks,» Atulya Bhat, CMO of BuyUcoin, said. Meanwhile, Edul Patel, CEO & Co-founder of Mudrex, said, «Bitcoin is currently trading above $26000. The bulls have been working hard to counter the bearish signals in the market. Bitcoin currently faces resistance at the $27,500 mark. However, the price could decline below the current level and there are chances that BTC might revisit the $25,400 support zone.»

Meanwhile, benchmark 10-year US Treasury yields touched a 16-year peak the day after Fed Chairman Jerome Powell warned inflation still has a long way to go before approaching the central bank's 2% target. At 11 a.m., Bitcoin (BTC) was trading 1.62% lower at $26,620, while Ethereum (ETH) was trading below the 1,600 level. Meanwhile, the global cryptocurrency market cap was trading lower, around $1.06 trillion, falling 1.50% in the last 24 hours.

Binance is pushing back on a lawsuit filed against it by the Securities and Exchange Commission (SEC) in its own legal filing made on September 21.

The GALA price has declined by 4% in the past 24 hours, with its fall to $0.01322310 marking a 7.5% decline in the last seven days.

Meanwhile, the global cryptocurrency market cap was trading higher, around $1.07 trillion, rising 0.76% in the last 24 hours. The crypto market has traded sideways with an upward bias in the last 24 hours. It has been another positive day for BTC as it touched $27.4k before pulling back a little. In fact, the last 8 days have been pretty positive for the crypto market with BTC rising around 10% from the local top to bottom, said Shubham Hudda, Senior Manager, CoinSwitch Markets Desk. Meanwhile, Edul Patel, CEO & Co-founder of Mudrex, said, «Over the past 24 hours, Bitcoin rose above the US$27,000 mark, marking its highest point since August 31st. This surge is in anticipation of the U.S Federal Reserve's upcoming meeting, scheduled for tomorrow, where the market expects the Federal Open Market Committee (FOMC) to momentarily halt interest rate hikes.»

BNB, Dogecoin, and Litecoin were trading with cuts. Bitcoin (BTC) rose 0.92% to $27,044, whereas Ethereum (ETH) was above the 1,600 level. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.07 trillion, rising 0.62% in the last 24 hours. «Bitcoin's price has surged beyond the $27,000 threshold, and this upward trajectory could likely be attributed to Nomura, one of Japan's leading investment banks, unveiling a Bitcoin-based fund designed for institutional investors,» said Edul Patel, CEO & Co-founder of Mudrex. Market sentiment currently varies from neutral to bullish as market participants await the Federal Reserve's FOMC decision regarding interest rates, set to be announced later today, Edul said.

A group of U.S. senators led by Senator Elizabeth Warren is pushing for stricter oversight of the cryptocurrency industry to combat illicit financial activities.

The price of Litecoin (LTC) has increased by 2.5% in the past 24 hours, rallying to $67.98 on a day when the cryptocurrency market as a whole has gained by a more modest 1%.

Meanwhile, the global cryptocurrency market cap was trading higher, around $1.06 trillion, rising 1.5% in the last 24 hours. «Bitcoin is currently trading at the $26,500 mark, and this shift in its price may be attributed to recent developments at the European Central Bank (ECB),» Edul Patel, CEO & Co-founder of Mudrex, said. The ECB has signalled that their recent hike of 0.25% in three key interest rates could potentially mark the conclusion of the rate hikes in the current cycle. In order to sustain its upward momentum, Bitcoin will need to breach the resistance at $27,000, Edul added.

BNB, Solana and Litecoin were trading with gains, while XRP, Dogecoin, Toncoin and Shiba Inu were trading with cuts. Bitcoin (BTC) rose 0.55% to $26,678, whereas Ethereum (ETH) was above the 1,600 level. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.06 trillion, rising 0.29% in the last 24 hours. «The weekend witnessed Bitcoin trading above the $26,000 level, possibly driven by a noteworthy collaboration between Deutsche Bank, Germany's leading bank, and Taurus, a Swiss cryptocurrency startup specializing in secure asset management and tokenization services,» Edul Patel- CEO & Co-founder of Mudrex, said. «Investors are awaiting the Federal Open Market Committee meeting scheduled for September 20, which may influence market dynamics. Bitcoin's next challenge is to surpass the $27,400 resistance level to maintain its upward momentum,» Edul said.

Litecoin (LTC), the cryptocurrency that powers the payments-focused decentralized Litecoin layer-1 blockchain protocol, has bounced 5% in the last 24 hours according to CoinGecko, and is up an impressive more than 15% from last week’s lows.