Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Litecoin heads north 10% as traders gain confidence
On Monday, on the Investing.com Index, Litecoin managed to conclude the trading session at $47.913, heading north by up to 10.04% on the day. It turned out to be the most impressive one-day percentage leap since February 8.
Apparently, the move upwards pushed Litecoin's market capitalization to $2.869B, which accounts from about 2.17% of the overall crypto market capitalization. By the way, at its highest, this crypto asset’s market capitalization amounted for $14.099B.
By the way, for the last twenty-four hours, Litecoin had fluctuated in a range $43.798-$47.913.
For the last seven days, this digital coin has faced a leap in value, heading north by approximately 8.55%. For the twenty-four hours to time of writing the overall volume of this crypto asset accounted for $1.328B, which amounts to nearly 4.28% of the total volume of all digital coins. For the last seven days, this digital currency has fluctuated in a band $40.7214-$47.9127.
It has been already noted that at its current price, the given digital coin is still down about 88.59% from its all-time maximum of $420.00 recorded in December, 2017.
As for other digital coins, on the Investing.com Index, the number one crypto asset, Bitcoin was worth $3,874.1, ascending by up to 6.58% on the day.
As for the second digital coin by market capitalization, Ethereum, on the Investing.com, it concluded the trading session at $147.12, demonstrating a 13.70% jump.
Bitcoin's market capitalization last amounted to $68.310B that stands for about 51.74% of the entire crypto market capitalization. In addition to this, Ethereum's market capitalization demonstrated nearly $15.455B, which is the equivalent of about 11.71% of the overall crypto market value.
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
The US unemployment claims are announced on Thursday at 15:30 MT time.
The US NFP will be published on August 7 at 15:30 MT time.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
Follow the BOE monetary policy and rate statements on August 6 at 14:00 MT time…