24/7 Cryptocurrency News
Here’s Why Litecoin Price Is Up 18% Today?
Published
3 months agoon
By
admin
Litecoin price is outperforming the broader crypto market run-up gaining more than 18% in the last 24 hours shooting all the way to $120 levels. The daily trading volume has also skyrocketed by a massive 301% to $1.68 billion suggesting strong bullish momentum moving ahead. This comes amid strong LTC whale accumulation along with the growing optimism for Litecoin ETF approval.
What’s Behind the Litecoin Price Rally?
After forming a strong base at $100, the Litecoin price has gained 18% in the last 24 hours supported by a strong boost in the daily trading volumes. As per the Coinglass data, the LTC open interest has shot up by 30% to $582 million while the 24-hour liquidations have surged to $1.60 million with $1.28 million in short liquidations.
As per blockchain analytics firm Santiment, the Litecoin price surge comes due to increased activity from large investors, specifically whales and sharks holding at least 10,000 LTC. These entities have collectively accumulated 250,000 LTC since January 9, signaling strong institutional and large-scale investor interest.


This pattern mirrors similar activity observed in early December. Thus, this reinforces the notion that big players are showing much interest in LTC with the expectations of further price gains.
LTC Rally to $200 And Beyond Very Soon?
As LTC has bounced back from the support of $100 with strong trading volumes, analysts are bullish regarding its next leg of the rally to $200 and beyond. Popular crypto analyst Solberg Invest stated that LTC has completed a “retest” phase following its breakout from a long-term downward trendline. This development, combined with the appearance of a triple-bottom pattern on the chart, signals that Litecoin may be set for a significant upward move, potentially gaining $200 in value.


XBT Liquidators has highlighted a bullish setup in Litecoin’s chart that has largely gone unnoticed. The analysis points to the role of Gann angles, which, once broken, can act as strong support or resistance levels. With Litecoin price holding above the Gann angle without retracing, the analysts suggest this is a highly bullish signal. They predict that a move to $250 in the next upward leg is a “no-brainer. On the other, other market analysts have shared an LTC price prediction of $500 by mid-2025.
No one talking about this $LTC chart.
Remember, gann angles, once broken, can act like support/resistance.
Since LTC price didn’t dump back below the gann angle, this is very bullish.
$250 on the next leg up is a no-brainer. pic.twitter.com/OzMAYKNily
— XBT Liquidators (@Cryptard3000) January 15, 2025
Optimism Around Litecoin ETF Grows
On Wednesday, Canary Capital submitted the S-1 application to the U.S. Securities and Exchange Commission (SEC) for a spot Litecoin ETF. Eric Balchunas, senior ETF analyst at Bloomberg, has hinted at progress in Litecoin ETF approval. Balchunas noted that reports suggest the Litecoin S-1 filing has received comments from the U.S. Securities and Exchange Commission (SEC), signaling a step forward.
“This development supports our prediction that Litecoin is the most likely candidate for the next ETF approval,” Balchunas stated. As of press time, the LTC price is trading 17.31% up at $119.31.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
You may like
From Booze to Barbells: Exercise May Offset Risks of College Partying
Ethereum Foundation shuffles leadership, splits board and management
Bitcoin Price (BTC) Retakes $95K Level After Early U.S. Decline
A New Risk For The Industry?
Justin Sun Bets Big On JUST Token, Sees 100x Potential
Worldcoin price prediction | What’s next for WLD price?
24/7 Cryptocurrency News
Bloomberg Analyst Confirms No Set Launch Date for ProShares XRP ETFs
Published
7 hours agoon
April 28, 2025By
admin
Confusion spread across the crypto community after rumors suggested that ProShares would launch XRP ETFs on April 30. However, Bloomberg ETF analyst James Seyffart confirmed that there is no official launch date yet. The false reports were based on an old regulatory filing, leading to widespread misinformation online.
ProShares Clarifies XRP ETF Launch Plans
According to Bloomberg ETF analyst James Seyffar reports on ProShares would launch XRP ETFs on about an April 30 launch were inaccurate. He added that, although no official date is set, a launch is expected in the short to medium term.
Concurrently, a spokesperson for ProShares also commented, saying, “ProShares does not have any ETF launches scheduled for Wednesday, April 30. We have no further news to share at this time.” This statement further confirmed that there are no immediate plans to introduce the XRP ETFs this week.
The rumors originated from a regulatory filing dated April 15, which some media outlets misrepresented as a new development. These errors led to incorrect reporting and social media sharing before verification.
Futures-Based XRP ETFs Expected, Not Spot Products
Nate Geraci, President of The ETF Store, had earlier discussed the nature of the upcoming ProShares XRP ETFs. He explained that the new products are not spot ETFs and will not hold XRP directly.
Instead, the planned ETFs will offer exposure to XRP through futures contracts. According to Geraci, the ETFs will include leveraged and inverse options, giving investors different ways to gain exposure to XRP price movements.
He also mentioned that Teucrium launched a 2x Long XRP ETF (XXRP) earlier this month. This product uses swap agreements and seeks to provide twice the daily return of XRP. As of now, the XXRP fund manages around $42.79 million in assets under management.
SEC Scrutiny Remains Over ETF Applications
The Securities and Exchange Commission (SEC) has yet to approve any spot XRP ETF applications, unlike in Brazil. Firms such as Grayscale, Bitwise, and Franklin Templeton are still awaiting a decision from the regulator.
Geraci raised concerns about why the SEC has allowed futures-based XRP ETFs while being cautious about spot products. Futures ETFs face fewer regulatory hurdles compared to spot ETFs, which are subject to more detailed risk reviews.
Concurrently, Bloomberg noted that the SEC has been reviewing applications carefully and has not yet indicated when or if approvals will be granted. The new US SEC Chair Paul Atkins is expected to play a crucial role in reviewing these applications later this year.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
24/7 Cryptocurrency News
Experts Predict US Recession in 2025 if Trump-China Trade War Tariffs Stay
Published
15 hours agoon
April 28, 2025By
admin
The ongoing Trump-China trade war has the netizens in complete turmoil, as the US Recession odds rise in 2025. Although there have been concerns around this topic, the Chief Economist at Apollo Global Management has fueled the fear. Recently, he claimed that an economic slump is to hit America in 2025 amid the tariff situation. Let’s discuss what he has to say.
Apollo Claims US Recession is Absolute in Summer 2025
In a recent CNBC’s Squawk on the Street interview, Apollo Economist, Torsten Slok, has claimed that the US Recession could absolutely form in 2025, if the tariff conditions remain the same.
“It’s all conditioned on tariffs staying in place at these levels, and if they stay at these levels, we will absolutely have a recession in 2025,” Slok.
The US government under Trump’s leadership has ignited a trade war, especially with China, placing a 145% tariff on imported goods from there. Although Trump granted a 90-day pause on reciprocal tariffs, the failure of new updates on the situation increases the odds of further turmoil.
Slok has pointed out the same, claiming that if the Trump-Chain trade war stays put, the gross domestic product (GDP) could drop by 4%. More importantly, he predicted a 90% probability of a two-quarter economic contraction. An Apollo report clearly mentioned their prediction of a US recession in the Summer of 2025.
Experts have been calling for the Fed to cut the interest rate to reduce the impact. Even Donald Trump criticised Jerome Powell for the delay, but there’s still no update. Amid this, the odds of unchanged rate cuts and economic slump are increasing.
US Recession News: Business and Supply Chain at Risk Amid Trump-China Trade War
The US recession odds have increased significantly due to the US-China trade war. The Polymarket report shows 56% probability, and it was 66% at the beginning of the month. Even JP Morgan has increased recession odds to 60%, and the same is true for other analytics firms.
The impact of this tariff influenced the stock, bonds, gold, and even crypto market performance. However, now the impact is also visible in the supply chain.
Bloomberg reported that the cargo shipments have decreased by 60%. Although they noted that America has not felt the impact yet, Giant retailers (Walmart, Target) predict COVID-like shortages, layoffs, and a severe impact on the retail industry.
The Apollo economist has revealed similar insights, claiming that smaller businesses are more vulnerable and are more likely to experience bankruptcies and layoffs. The upcoming Jobless claims could bring a better picture of the labor market, witnessing the Trump tariff effect.
Frequently Asked Questions (FAQs)
Torsten Slock, Chief Economist at Apollo Global Management, predicted that the US will face a recession in 2025 due to the effect of the Trump-China trade war.
The 60% drop in cargo shipments led to giant retailers predicting a COVID-like shortage.
The odds of the Fed’s interest rate cut are low, according to Polymarket reports.
Pooja Khardia
With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.
As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
24/7 Cryptocurrency News
Expert Reveals Why The Ethereum-To-Bitcoin Ratio Is Falling
Published
21 hours agoon
April 28, 2025By
admin
The Ethereum-to-Bitcoin ratio has fallen to its lowest level in five years after a dismal Ethereum price performance. As investors try to wrap their heads around the grim metric, Taproot Wizards co-founder Eric Wall has explained the reason behind the steep drop.
Eric Wall Highlights Reasons For ETH/BTC Ratio Collapse
Taproot Wizards co-founder Eric Wall has identified a raft of reasons behind the decline of the ETH/BTC ratio in 2025. The cryptocurrency expert revealed the factors behind the falling ETH/BTC ratio in an X post, hinging the bulk of the blame on Ethereum’s recent price performance.
The ETH/BTC ratio slumped to a five-year low after Ethereum bucked the trend of following Bitcoin on a rally after the halving event. While Bitcoin price rose to cross the $100K mark, Ethereum price has tumbled below $2,000 to reach lows of $1,400.
For Wall, one factor affecting the ETH/BTC ratio appears to be Ethereum’s position in a competitive landscape. Since its launch, several blockchains have cropped up to snag market share from the largest altcoin, offering cheaper fees and faster processing times.
The cryptocurrency expert argues that the absence of a Saylor-like buyer for ETH is playing its role in the decline of the ETH/BTC ratio. Michael Saylor’s BTC purchases have contributed to the asset’s performance, but Wall argues that Ethereum does not have a consistent buyer.
Wall adds that Bitcoin and gold have evolved into wartime assets in the current macroeconomic climate, while ETH is considered a “peacetime asset.” Gold has surged to new highs, sparking optimism that Bitcoin will follow in the same path for a similar rally, while the Ethereum price continues its unimpressive run.
The Merge Is Not Responsible For The Ratio Decline
Eric Wall notes that Ethereum’s Merge event is not responsible for the ETH/BTC slump, contrary to popular sentiment. Ethereum migrated from Proof-of-Work to Proof-of-Stake in 2022, with the ETH/BTC ratio tanking since the Merge.
“The ETHBTC ratio did not go down because of The Merge,” said Eric Wall.
However, pseudonymous cryptocurrency analyst Beanie argues that the Merge is the primary reason for the price decline. Rebuffing the speculation, Wall opines that Ethereum’s layer 2 tokens triggered network fragmentation after botching the “asset value capture narrative,” affecting the ETH/BTC ratio.
“Ethereum also stagnated into a depressingly small number of defi primitives relative to what past expectations were,” added Wall.
Ethereum is flashing signs of brilliance after ETH trading volume spiked to $17.5 billion in less than a day. ETH prices are exchanging hands at nearly 1,800 after an impressive 12% rally that saw it outperform SOL and XRP
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link

From Booze to Barbells: Exercise May Offset Risks of College Partying

Ethereum Foundation shuffles leadership, splits board and management

Bitcoin Price (BTC) Retakes $95K Level After Early U.S. Decline

A New Risk For The Industry?

Justin Sun Bets Big On JUST Token, Sees 100x Potential

Worldcoin price prediction | What’s next for WLD price?

Bitcoin Is About To Begin Outperforming Gold, Says InvestAnswers – Here’s His Timeline

Bloomberg Analyst Confirms No Set Launch Date for ProShares XRP ETFs

What is Base? The Ethereum Layer-2 Network Launched by Coinbase

Loopscale hacker in talks to return stolen crypto

Bitcoin (BTC) Yield Platform Coming From Coinbase (COIN), Aspen Digital

The Emerging Market For State Services Via Citizen X

XRP Price Shoots For 20% Surge To $2.51 Amid Pullback To Breakout Zone

Stocks edge higher ahead of big earnings week

Here’s How Bitcoin Could Boost Demand for US Treasuries, According to Macro Guru Luke Gromen

Arthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025

Expert Sees Bitcoin Dipping To $50K While Bullish Signs Persist

3 Voting Polls Show Why Ripple’s XRP Price Could Hit $10 Soon

Aptos Leverages Chainlink To Enhance Scalability and Data Access

Bitcoin Could Rally to $80,000 on the Eve of US Elections

Crypto’s Big Trump Gamble Is Risky

The Future of Bitcoin: Scaling, Institutional Adoption, and Strategic Reserves with Rich Rines

Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals

Sonic Now ‘Golden Standard’ of Layer-2s After Scaling Transactions to 16,000+ per Second, Says Andre Cronje

Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500x

Has The Bitcoin Price Already Peaked?

A16z-backed Espresso announces mainnet launch of core product

Xmas Altcoin Rally Insights by BNM Agent I

Blockchain groups challenge new broker reporting rule

I’m Grateful for Trump’s Embrace of Bitcoin
Trending
- 24/7 Cryptocurrency News6 months ago
Arthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025
- Bitcoin3 months ago
Expert Sees Bitcoin Dipping To $50K While Bullish Signs Persist
- Ripple Price1 month ago
3 Voting Polls Show Why Ripple’s XRP Price Could Hit $10 Soon
- 24/7 Cryptocurrency News4 months ago
Aptos Leverages Chainlink To Enhance Scalability and Data Access
- Bitcoin6 months ago
Bitcoin Could Rally to $80,000 on the Eve of US Elections
- Opinion6 months ago
Crypto’s Big Trump Gamble Is Risky
- Bitcoin6 months ago
Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
- Bitcoin3 months ago
The Future of Bitcoin: Scaling, Institutional Adoption, and Strategic Reserves with Rich Rines
✓ Share: