Shares of a number of widespread altcoins, together with Litecoin LTC/USD, are buying and selling decrease in sympathy with apex cryptocurrency Bitcoin BTC/USD and second-largest market cap crypto Ethereum ETH/USD.
Crypto is probably going buying and selling decrease in tandem with main U.S. indices. Main indices are decrease following worse-than-expected Might CPI information. Rising inflation has triggered financial considerations and has additionally raised expectations for additional Fed coverage tightening.
Based on information from Benzinga Professional, Litecoin is buying and selling decrease by 5.08% to $56.82 Friday afternoon. Litecoin can also be decrease by 29.82% over the trailing month amid ongoing weak spot within the broader cryptocurrency market.
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