Crypto News | Crypto prices surge, Dollar in the Dumps

It’s a great day today, don’t you think? First of all, it’s Friday, and second of all, as crypto prices surge, the price of Bitcoin has also been looking pretty good lately. For the first time in weeks, Bitcoin cracked the ice and peaked its head above the ice cold waters of sub-$10,000. However, it couldn’t climb over $10,293, since as soon as it took its first few breaths, BTC was beset by traders, who started hitting it with orders like heavy clubs and driving it down below once again. However, perhaps the traders were barking up the wrong crypto tree, since at least this time, it is litecoin that is leading the charge.

We’ve seen crypto prices surge in general, with the total market cap of all cryptocurrencies climbing to $466 billion, 68% more than exactly 10 days ago ($276 billion). A pretty big difference, don’t you think? We say that Litecoin is leading the charge, since this crypto has seen the biggest growth over the same time period, climbing by 112.27%. The great performance by Litecoin is in great part due to Litecoin Cash, the upcoming SHA-256 Litecoin fork. Although the fork has been slammed by Charlie Lee of Litecoin, calling it a “scam”, users are flooding the exchanges and buying up Litecoin, hoping to receive their share of Litecoin Cash tokens somewhere down the road, too.

And while Bitcoin and Litecoin are doing great, the US dollar is at its lowest point in three years. Shares all over the world remain unaffected, with European shares snapping back after dropping for three weeks straight. The market analysts are baffled by this anomaly, though, since inflation is slowly spreading to other fiat currencies. One explanation, offered by a JP Morgan strategist is that, instead of stocks going up around the world, the positive trends on the stock market could be explained by the dollar depreciating against everything else. Maybe the same goes for Bitcoin prices, too?

Either way, for the time being, instead of the US dollar, you are better off investing in video game money. And with our final news piece, you may be able to do just that in the not too distant future. Apparently, Atari (makers of Pac-Man and Pong) is working on releasing its own crypto, “Atari Token”. Ching-ching!


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Author: Max Rothstein

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