HomeCommunityLitecoin Crosses $1B in Trading Volume

Litecoin Crosses $1B in Trading Volume


June was one of the most volatile months in the history of the cryptocurrency market. However, it seems that July is off to a more timid start. While a negative trend was seen in the past 24 hours, only one of the top 10 (NEM) fluctuated more than 5%. The cryptocurrency market is still showing much greater volatility than most other markets, but these movements are significantly smaller than those seen in previous times.

Litecoin trading volume passes Bitcoin

Trading volume for the world’s largest cryptocurrency dropped below $1 billion yesterday.  Litecoin, who has been perceived by some as the silver to Bitcoin’s gold, has surged yesterday past Bitcoin’s trading volume, crossing the $1 billion mark for the first time ever. Bitcoin showed slight losses of some 2% in past 24 hours.

Ethereum trading margin narrows significantly

After showing relatively high volatility in the first two days of July, the last three have displayed a slowdown, with Ethereum showing gaps of less than $10 between opening and closing prices. The cryptocurrency’s trading volume was also on the decline, reaching less than $700 million in the past 24 hours. Lower trading volumes and relatively low volatility could be attributed to the 4th of July holiday in the US yesterday.

EOS drops more than 40%

After climbing nearly 300% following its ICO, newcomer cryptocurrency EOS has shown a massive correction in recent days, losing some 43% over the past two days. EOS had the biggest ICO to date, raising $185 million in Ethereum. The cryptocurrency’s market cap is still holding just above $500 million. However, it has lost its place in the top 10, currently ranked as the 12th largest cryptocurrency by market cap.

This article was first posted on Etoro.com/blog, a Premium Trading Partner.


Cyprus registers Binance as a cryptocurrency service provider.

Binance, a cryptocurrency exchange, will be able to provide services for virtual currencies in Cyprus as a result of the platform's recent registration with the...

More than 24,000 ATMs in Brazil will offer USDT through Tether and Smartpay.

Usdt, the largest dollar-pegged stablecoin on the market, was created by Tether, a company. Tether recently announced that more than 24,000 ATMs in Brazil will...

To solve the blockchain modularity issue, Celestia raises $55 million.

The project Celestia, which seeks to address the alleged centralization issue in the current monolithic blockchains, has announced the completion of its most recent funding...

Hong Kong considers removing the “Professional Investor-Only Requirement” and allowing retail investors to trade cryptocurrency.

Securities and Futures Commission (SFC) of Hong Kong's director of licensing and head of the fintech division both confirmed that the regulator is taking into...
[td_block_social_counter style="style8 td-social-boxed td-social-font-icons" facebook="tagdiv" twitter="tagdivofficial" youtube="tagdiv" custom_title="Follow us" block_template_id="td_block_template_11" border_color="#fbb03b" f_header_font_size="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTgifQ==" f_header_font_weight="600" f_header_font_family="702" f_header_font_transform="uppercase" tdc_css="eyJwb3J0cmFpdCI6eyJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsInBob25lIjp7Im1hcmdpbi1ib3R0b20iOiI0MCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3NjcsImFsbCI6eyJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn19"]

Most Popular