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Friday, 19 October 18:33 (GMT -05:00)



Foreign exchange market

Bitcoin Is Above $9000, Litecoin Is Above $200


The cryptocurrency market keeps on recovering after the January crash. The current market cap is above $450 billion, with over $20 billion gained over the last 24 hours. Unlike other cryptocurrency market reviews, we are not going to start this one with Bitcoin, especially as it makes up for 34,9% of the total market share (used to be over 50%).


Bitcoin is not the only cryptocurrency out there that deserves your attention. Altcoins are gradually starting to make rival to Bitcoin and its forks. Today has been Litecoin’s day, which is often called digital gold. This time, LTC has broken above the psychological level of $200. Over the last 24 hours the cryptocurrency gained over 31%. Since early February, it’s over 65%, NordFX experts report.

This wonderful transformation of Litecoin shows how important regulators’ decisions really are for the market. Litecoin started growing instantly after the Australian financial regulator registered LitePay, which is a Litecoin-and-Bitcoin-based payment system. The developers are sure this thing is really viable since it supports the Lighting Network protocol, which makes transactions cheaper and faster.

By the way, Litecoin’s high status can be indirectly confirmed by the amount of its fakes existing on the Internet today. It’s mostly about the fakes of supposedly coming hardfork named Litecoin Cash. However, the creator of Litecoin already warned the investors that that’s a fake.


Andfinally, afewwordsaboutBitcoin. The world’s first and biggest cryptocurrency has broken above $9000 and is currently moving to $10000. It seems like the prediction made by Brawe New Coin is going to come true.

 

 

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