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Cryptocurrency News Articles
Litecoin (LTC) Surges to $4 Billion Daily Transactions, Sets Sights on $100 Milestone
Oct 21, 2024 at 11:20 am
This week also marked a significant milestone for Litecoin, as the network celebrated its 13th anniversary.
Litecoin (LTC) price is enjoying a nice mini run, jumping above $73 for the first time since July. This marks its first mid-sized breakout from Bitcoin and altcoins since the spring.
Two major factors are contributing to LTC's continued bullish momentum.
Firstly, there has been a significant increase in on-chain transaction volume, which has nearly crossed $4 billion daily—a 16-month high, according to crypto analytics platform Santiment.
This surge in transaction volume is certainly boosting LTC's liquidity and visibility.
Secondly, growing retail interest in Litecoin is adding fuel to its price rally.
With ongoing development efforts and initiatives being undertaken by the long-standing network, LTC continues to attract attention within the crypto community.
"LTC's continued rise of on-chain transaction volume, which has nearly crossed $4B daily (16-month high), and growing retail interest in LTC, fueled by ongoing development efforts and initiatives from the long-standing network."
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Litcoin Surges To $4 Billion Daily Transactions
LITECOIN SURGES TO $4 BILLION DAILY TRANSACTIONS
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- The Social – Seminyak
- Oct 21, 2024 at 02:20 pm
- After a hiatus of more than a year occasioned by the COVID-19 pandemic, The Social – Bali’s most innovative, engaging, and fun-filled “watering-hole” has reopened in the heart of Seminyak to warmly welcome old and new friends to its new state-of-the-art sports bar, dining, and entertainment venue.
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- Crypto firm Ripple launches a stablecoin pegged to the US dollar, looking to disrupt a market dominated by Tether and USD Coin
- Oct 21, 2024 at 02:20 pm
- The venture marks a major milestone for Ripple, coming more than a year after a landmark win in a case against the Securities and Exchange Commission last year
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- SEC Approves Options Trading for Bitcoin ETFs, Reshaping Market Dynamics and Attracting Institutional Investors
- Oct 21, 2024 at 02:20 pm
- The cryptocurrency landscape is buzzing with excitement following a significant regulatory approval from the U.S. Securities and Exchange Commission (SEC). The SEC has authorized the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to begin trading options on various spot Bitcoin Exchange-Traded Funds (ETFs). This move is poised to reshape the market dynamics for Bitcoin and attract a wave of institutional investors.
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- EigenLayer Acknowledges Twitter Account Compromise, Denies System or User Data Breaches
- Oct 21, 2024 at 02:20 pm
- EigenLayer, a prominent platform in the crypto community, faced a major security breach when their official Twitter account was compromised. Hackers used the account to post malicious tweets containing phishing links, resulting in significant financial losses for victims who fell prey to the scam.