Litecoin Price Plunges Amid Broader Cryptocurrency Market Downturn
Litecoin's Sharp Decline
Litecoin's price fell to $99.64 on Tuesday, marking a 12.94% drop, its largest one-day loss since March 3. This downturn reduced its market cap to $7.56B, representing 0.40% of the total cryptocurrency market. Over the past 24 hours, Litecoin traded between $99.12 and $110.86, while its weekly performance showed a 10.8% decline. Despite this, its 24-hour trading volume remained robust at $1.55B, or 0.65% of the total cryptocurrency volume. Litecoin remains 76.28% below its all-time high of $420.00, reached on December 12, 2017.
Broader Market Volatility
The cryptocurrency market experienced widespread losses, with Bitcoin dropping 8.22% to $82,791.7, while Ethereum fell 9.12% to $2,070.37. Bitcoin's market cap stood at $1,641.70B, accounting for 86.18% of the total cryptocurrency market, followed by Ethereum at $250.48B or 13.15% of the market value. These declines highlight the ongoing instability in the cryptocurrency sector.
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