Litecoin LTC Cryptocurrency Up 10% in Bullish Trade in Rally ☑️
Dec-18-2024
Litecoin was trading at $127.4 by 04:25 (01:25 GMT) on the Investing.com Index on Wednesday, up 10.07% on the day. It was the cryptocurrency's biggest daily gain since December 2.
This growth pushed Litecoin's market cap to $9,540B, 0.26% of the total cryptocurrency market cap. Litecoin's previous peak was $25,609B.
Over the past 24 hours, Litecoin has traded in a range of $123 to $127.
Over the past 7 days, Litecoin has seen volume growth within the range of 16.87% from the target price. Litecoin LTC volume over the past 24 hours was $1,716B or 0.92% of the total cryptocurrency volume.
It has traded between $114.5862 and $131.3271 over the past seven days.
Currently, the price of Litecoin LTC has fallen from its high of .
Meanwhile, other cryptocurrencies
Cryptocurrency Bitcoin was trading at $106,309.8 on the Investing.com Index, up 0.37% on the day.
📱Ethereum traded at $3,882.74 on the Investing.com Index, down 1.87%.
📱Bitcoin's market cap was previously $2,107,152B or 56.76% of the total cryptocurrency market cap, while Ethereum's market cap was $469,063B or 12.63% of the total cryptocurrency market cap.
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Dec-17-2024
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Bitfinex Analysts Plot Bitcoin Bull Cycle Peak in 2025 ☑️
Dec-17-2024
Bitfinex emphasized that the minimum price of bitcoin by the third quarter will approach the $145,000 mark due to the presence of a large number of institutional investors.
💬“2025 represents a cautiously optimistic economic environment characterized by sustained crypto growth, ongoing structural challenges, and strategic adjustments. While normalization across various sectors provides stability, external risks and inflationary pressures will remain critical factors preventing the momentum from continuing,” Bitfinex said.
According to experts, the asset’s price will grow due to the inflow of funds into spot Bitcoin ETFs, as well as demand from institutional investors and the growing popularity of the first cryptocurrency as a global asset among market participants. At the same time, analysts urged investors to remain vigilant for signs of overbought conditions as Bitcoin approaches the top of its cycle.
Additionally, Bitfinex stated that the US economy is gradually normalizing in key sectors. According to analysts, this is one of the factors contributing to positive sentiment in financial markets in 2025, which will also have a positive impact on the crypto industry.
Earlier, Bitfinex's derivatives department said that Bitcoin had broken through and was holding the $100,000 mark thanks to monetary easing by two major central banks, the European Central Bank and the People's Bank of China.
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Dec-16-2024
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Bitcoin Surges $106,000 After Longest Gain Streak Since 2021 ✔️
Dec-16-2024
Bitcoin has risen to a fresh record high, extending a rally fueled by President-elect Donald Trump's embrace of digital assets and his plan to make the U.S. the dominant force in the sector, Bloomberg reports .
The largest token surged more than 3% in Asia on Monday to hit an all-time high of $106,460, surpassing its previous peak on Dec. 5.
Trump is aiming to create a favorable regulatory environment for digital assets, reversing the harsh measures put in place by the outgoing Biden administration. The Republican has also backed the idea of a strategic national reserve of bitcoin, although many doubt the feasibility of the proposal.
“A lot of people are pinning their hopes on a much more favorable administration,” Aya Kantorovich, co-founder of institutional cryptocurrency platform August, said on Bloomberg Television.
This optimism is reflected in demand for exchange-traded funds that invest in digital assets, she said.
Nasdaq Global Indexes said Friday that bitcoin accumulator MicroStrategy Inc. will join the Nasdaq 100 Index . The software maker’s transformation into a major bet on bitcoin has caught the attention of Wall Street, where the company is raising capital to put billions of dollars into the digital asset.
"Now that MicroStrategy is listed on Nasdaq, index funds can buy its shares, which will help the company raise more capital to buy more bitcoin," said Sean McNulty, director of trading at Arbelos Markets.
Smaller tokens such as the second-largest coin ETH and meme-fan favorite Dogecoin also rose.
Bitcoin ended its seventh of the last eight weeks higher on Sunday, putting it on its longest bull run since 2021.
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Dec-13-2024
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