USD/CHF and EUR/CHF rose to tactical highs. What's next?
Litecoin goes down 21%
On Friday, on the Investing.com Index, Litecoin headed south, ending up with an outcome of $23.259 by 16:31 GMT, losing nearly 20.55% on the day. The given outcome turned out to be the largest one-day percentage tumble since September 14, the previous year.
The given move downwards suppressed Litecoin's market cap bringing it to $1.426B. To put that another way, Litecoin’s overall market cap inched down by 1.36%. By the way, at its highest, Litecoin's market cap accounted for $14.099B.
As a matter of fact, in the previous twenty-four hours, Litecoin had fluctuated in a band $23.257- $26.890.
By the way, for the last seven days, Litecoin has faced a tremendous sink in its market value. To be exact, the given digital coin went down by 25.18%. Furthermore, the volume of this crypto asset traded in the twenty-four hours to time of writing amounted to $435.670M. It other words, it accounted for 2.55% of the overall volume of all crypto assets. For the last seven days, the given digital coin wove in a band $23.2574- $60.6702.
Moreover, casting a glance at its current price, we will see that this digital coin has lost a mind-blowing amount – nearly 94.46% from its all-time maximum of $420.00 that was recorded on December 12, the previous year.
Now let’s take a look at other crypto assets.
The most popular digital coin, Bitcoin demonstrated an outcome of $3,282.4 on the Investing.com Index, decreasing by 11.97% on the day.
As for XRP, on the Investing.com Index, it was trading at $0.29228, slumping by 12.56%.
As for Bitcoin's market cap, last it amounted to $57.710B, which another words accounts for 55.05% of the total cryptocurrency market cap. Besides this, XRP's market cap hit $11.915B or up to 11.37% of the overall cryptocurrency market value.
Eurozone, France, and Germany will publish the flash services and manufacturing PMIs on February 19, from 10:15 to 11:00 MT time
Australia will publish the employment change and unemployment rate on February 18, at 02:30 MT time.
Great news for oil bulls! OPEC and its allied producers agreed to expand output cuts for the next month.
The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
The European Central Bank publishes its monetary policy statement that includes an announcement of the interest rate on March 11, at 14:45 MT time.