Litecoin Price Plummets to Largest One-Day Loss Since December 2024
Litecoin Suffers Significant Price Drop
Litecoin's price fell sharply, trading at $116.890 on the Investing.com Index, marking a 10.13% decline on the day. This represents its largest one-day percentage loss since December 18, 2024. The downturn pushed Litecoin's market cap to $8.864B, accounting for 0.47% of the total cryptocurrency market cap.
Recent Performance and Market Context
Despite the recent drop, Litecoin has shown resilience over the past seven days, gaining 14.38% in value. However, at its current price, it remains 72.17% below its all-time high of $420.00, reached on December 12, 2017. The 24-hour trading volume for Litecoin was $1.767B, representing 0.74% of the total cryptocurrency volume.
Broader Cryptocurrency Market Trends
Bitcoin and Ethereum also experienced declines, with Bitcoin falling 2.37% to $95,319.1 and Ethereum dropping 3.42% to $2,587.22. Bitcoin's market cap dominated at $1,892.915B, or 99.37% of the total cryptocurrency market cap, while Ethereum's market cap stood at $312.004B, or 16.38% of the total market value.
The cryptocurrency market continues to show volatility, with Litecoin's recent fluctuations highlighting the unpredictable nature of digital assets. Investors should remain vigilant and stay informed about market trends.
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