This Bitcoin Fork Is Defying Declines In Top Two Cryptos With A 5% Rally Thanks To Strong ETF Hopes In 2025
Posted On December 18, 2024
Litecoin (CRYPTO: LTC) became one of the biggest cryptocurrency gainers Tuesday, outpacing coins with significantly higher market capitalization.
What happened: The proof-of-work cryptocurrency lifted over 5% in the last 24 hours to a market capitalization of $9.23 billion. The coin’s trading volume surged 90% to $1.89 billion.
LTC’s rally overshadowed heavyweights like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which fell 2.54% and 4.63%, respectively, in the last 24 hours.
The positive momentum was imparted following Bloomberg ETF analyst Eric Balchunas’ remarks that spot exchange-traded funds tied to LTC could get approval ahead of Solana (CRYPTO: SOL) and XRP (CRYPTO: XRP).
Balchunas noted that as Litecoin is a hard fork …
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