Litecoin Financial News

Meanwhile, the global cryptocurrency market cap was trading higher, around $1.07 trillion, up 1.55% in the last 24 hours. Bitcoin (BTC) rose 1.62% to $26,475, whereas its largest peer, Ethereum, surged nearly 2% and regained the $1,650 level. Meanwhile, BTC volume in the last 24 hours stood at approximately $16.09 billion, rising 1.76% in the last 24 hours. «For the market to turn bullish again, a breach of $28,400 resistance by Bitcoin is necessary in the coming weeks. Markets await US Fed Chair Powell’s speech at an annual conference this Friday to determine its direction with clarity on macro-economic trends,» Vikram Subburaj, CEO, Giottus Crypto Platform, said.

Litecoin and Solana were trading with cuts, while Bitcoin, BNB, Tron, and Shiba Inu were trading with gains. Meanwhile, the global cryptocurrency market cap was trading lower, around $1.05 trillion, falling 0.20% in the last 24 hours. Bitcoin dropped to trading around the $25,600 level before consolidating to trading above the $26,000 level. Ethereum has been trading above the $1600 level. Meanwhile, Balancer, One of Ethereum’s top decentralized crypto trading projects, dropped nearly $100 million after discovering a critical vulnerability, said Edul Patel, CEO & Co-Founder of Mudrex. The market cap of Bitcoin, the world's largest cryptocurrency, was around $507 billion. Bitcoin's dominance is currently 48.37%, an increase of 0.13% over the day, according to CoinMarketCap.

EDX Markets, a pioneering crypto exchange backed by a consortium of major Wall Street firms including Citadel, Fidelity, Schwab, Virtu, Sequoia, Paradigm, and others, announced a partnership with Solidus Labs on August 10, 2023, to enhance transaction monitoring across EDX's platform. The collaboration aims to provide customers with seamless end-to-end transactional risk management capabilities, reflecting key institutional best practices and maintaining the highest compliance standards in the cryptocurrency industry.

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Litecoin were trading with marginal gains, while Dogecoin, Shiba Inu, and Solana were trading with cuts. Bitcoin (BTC), the world's biggest and best-known cryptocurrency, rose 0.06% to $26,124, whereas Ethereum (ETH) was above the $1,650 level. «The trading price of Bitcoin has been above the $26,000 threshold. The fall from trading above the $29000 level could be because of traders collectively selling tokens due to several unconnected catalysts like a lack of clarity in the Grayscale v/s US SEC case for a Bitcoin ETF, SpaceX writing down the value of their Bitcoin reserves, and China’s Evergrande group filing for bankruptcy,» said Edul Patel, CEO & Co-Founder of Mudrex. The global cryptocurrency market cap was trading flat around $1.06 trillion, rising 0.03% in the last 24 hours.

A tight range usually resolves with a range breakout and that is what happened in Bitcoin (BTC) on Aug. 17. Bitcoin fell sharply, resulting in a $1 billion liquidation for derivatives traders, the biggest since the FTX collapse in 2022.

Meanwhile, the global cryptocurrency market cap was trading lower, around $1.15 trillion, falling 1.43% in the last 24 hours. «Bitcoin has been trading above the $29000 level. This might be attributed to the U.S. retail sales report for July, which indicates a growth of 0.7%, surpassing the predicted rise of 0.4%. Additionally, Europe’s First Spot Bitcoin ETF Listed in Amsterdam yesterday,» said Edul Patel, Co-founder and CEO at Mudrex. On Wednesday, the market cap of Bitcoin, the world's largest cryptocurrency, was around $566 billion. Bitcoin's dominance is currently 49.06%, according to CoinMarketCap.

Bitcoin dropped nearly 8% to slip below $26,500. Its largest peer, Ethereum, declined 7% to $1,680. Other top crypto tokens, BNB (6.4%), XRP (16.3%), Dogecoin (9.3%), Solana (6%), Shiba Inu (12%), Polygon (7.7%) and Litecoin (14.4%) were also trading lower on Friday. Meanwhile, the global cryptocurrency market cap plunged 7.25% to around $1.05 trillion.

Pomerdoge (POMD) team has taken action. They are currently in the process of developing an innovative P2E crypto game, poised to ride the wave of this exponential growth. Pomerdoge's goal is to ensure that its users benefit from the bullish projection.

Meanwhile, the global cryptocurrency market cap was trading lower, around $1.14 trillion, falling 1.61% in the last 24 hours. «Bitcoin has dropped 3% overnight and is fighting to hold $28,600 as support (which is in line with its 100-day moving average). This comes as global stock indices, including S&P 500, continue to be in the red — losing gains achieved over the past few months. Any further drop in Bitcoin will push the asset to retest $26,000 over the coming weeks,» Vikram Subburaj, CEO of Giottus Crypto Platform, said. Other top crypto tokens, BNB, XRP, Dogecoin, Solana, Shiba Inu, Polygon and Litecoin were also trading lower on Thursday.

Bitcoin continues to trade inside a narrow range with no clear signs of a breakout from it. Trading platform QCP Capital said in its latest market update that Bitcoin (BTC) may remain quiet for a few more weeks before making its move in September. 

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Bitcoin (BTC) continues to frustrate investors with its tight range consolidation, giving no clue about the possible direction of the breakout. Typically, the longer the range, the stronger the eventual breakout from it. Therefore, traders should be on their toes to latch on to the breakout when it happens. 

The Litecoin price has dipped by 0.5% in the past 24 hours, with the altcoin's fall to $82.98 also representing a 14% fall in the last 30 days.

BNB, and Litecoin were trading with cuts, while XRP, Shiba Inu, Tron and Solana were trading with gains. Meanwhile, the global cryptocurrency market cap was trading lower, around $1.17 trillion, falling 0.25% in the last 24 hours. «Crypto markets saw a slight dip with Bitcoin falling nearly 1% after U.S. CPI print showed inflation rose to 3.2% annually in July, compared to the expected 3.3% but still significantly higher than the Federal Reserve’s desired 2%,» said, CoinDCX Research Team. BTC volume stood at approximately $11.57 billion, falling 27.1% in the last 24 hours.

Bitcoin’s rebound off $28,701 on Aug. 7 shows that lower levels continue to attract buyers. The recovery has kept the price stuck inside the range as traders await the start of a new trending move. A recent report by ARK Invest says that “Bitcoin’s volatility dropped to a 6-year low during July.” 

Litecoin has endured a month of bleak downside price action that has left LTC trading low, but could a consolidation zone poise price to explode? Find out in this Litecoin price analysis.

cryptocurrency markets were trading in the red in Monday's trade. Bitcoin (BTC) fell 0.06% to $29,006, whereas Ethereum (ETH) was below the 1,850 level. BTC volume stood at approximately $8.1 billion, rising 26.27% in the last 24 hours. «Bitcoin's price remained calm throughout the weekend, trading in a narrow range of around $29,000. Bitcoin has been less volatile than gold on a 5-day weighted average. Meanwhile, Shiba Inu (SHIB) surged by more than 20% over the weekend. The rally was sparked by news that Binance would be adding SHIB as collateral for flexible loans,» said CoinDCX Research Team. The total volume in DeFi is currently at $2.32 billion, 10.5% of the total crypto market 24-hour volume. The volume of all stablecoins is now $20.33 billion, which is 91.99% of the total crypto market 24-hour volume. Meanwhile, the global cryptocurrency market cap was trading marginally lower, around $1.16 trillion, falling 0.09% in the last 24 hours.

cryptocurrency markets were trading mixed in Friday's trade. Bitcoin, BNB, Tron, and Shiba Inu were trading with gains, while XRP, Litecoin, Cardano and Polkadot were trading with cuts. «The crypto market has experienced slight selling pressure in the last 24 hours. The crypto greed and fear index is up by 2 points and is currently in the neutral zone with a score of 54/100. The overall market, especially BTC, seems to be rather immune to many macro developments in its current state. The latest example is the rise of jobless claims and treasury rates, which usually triggers a risk-off sentiment amongst investors,» Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said. Bitcoin (BTC) rose 0.55% to $29,180, meanwhile, its largest peer, Ethereum, was also trading higher and stood above the $1,800 level. The total volume in DeFi is currently $2.41 billion, 8.31% of the total crypto market 24-hour volume. The volume of all stablecoins is now $27.03 billion, which is 93.14% of the total crypto market 24-hour volume.

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Bitcoin (BTC) has been trading near the $29,000 level for the past few days. This suggests a lack of strong demand at higher levels but the only solace for the bulls is that they have managed to sustain the price above the immediate support.