Yesterday proved rather interesting for the digital currency markets, specifically as associated to alt coins. Although costs had been largely up on the day across the board, a single distinct dynamic stood out as noteworthy: a huge leap in LTC / USD was followed shortly thereafter by a similar climb in XBT / USD. We’ve written previously about the interaction of bitcoin and litecoin, noting that their trading indicates a sturdy connection amongst the two (see right here and here for additional detail), but for litecoin to so visibly and substantially lead trading is reasonably unprecedented and largely unexpected. Bitcoin maintains a total cumulative industry size some 15x bigger than litecoin, with the latter frequently looked at as the first example of the ease of generating new digital currencies devoid of network-driven worth. Yet, today’s trading showed that not only is the relationship between the two robust, but also that the perennial favourite may even be subject to a significantly smaller sized asset. Despite having a reduce general USD-equivalent capitalization, trading volume in litecoin…
The post Litecoin Leads Bitcoin in Dramatic Price Move appeared very first on The Genesis Block.
Litecoin Leads Bitcoin in Dramatic Cost Move
No comments:
Post a Comment