Litecoin Price Plummets to 10% Daily Loss Amid Broader Crypto Market Downturn
Litecoin's Sharp Decline
Litecoin's price tumbled 10.01% to $116.53 on Friday, its largest single-day percentage drop since February 24. This downturn pushed its market cap to $8.86B, representing just 0.33% of the total cryptocurrency market.
Recent Trading Range and Volume
In the past 24 hours, Litecoin traded between $116.36 and $127.26. Over the last seven days, its value dropped 12.07%, with trading volumes reaching $1.98B, or 1.26% of the total crypto market volume.
Long-Term Perspective
Litecoin remains 72.25% below its all-time high of $420.00, set on December 12, 2017. Its market cap has significantly declined from a peak of $25.61B.
Broader Crypto Market Weakness
Bitcoin fell 7.87% to $79,486.9, while Ethereum dropped 10.27% to $2,115.39. Bitcoin's market cap dominates at $1,584.12B (59.81% of the total crypto market), followed by Ethereum at $256.59B (9.69%).
The cryptocurrency market continues to experience volatility, with major coins like Litecoin, Bitcoin, and Ethereum facing significant price drops. Investors remain cautious as the market struggles to regain momentum.
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