The main digital coin erased all the gains done after Elon Musk's February announcement. What are we heading into?
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.
Ethereum crossed $3000 recently and is aiming at $3500 already. Is it taking over Bitcoin's place?
Bears finally took over the cryptomarket and pulled the price for BTC down.
The Reserve Bank of Australia (RBA) will hold a meeting and announce changes to the monetary policy on August 3, at 07:30 MT time (GMT+3).
What events to follow and how to trade during the week of July 2-6?
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.