Altcoin News Today TheBitTimes.com

Amidst a plethora of newly launched crypto assets, Litecoin [LTC] has experienced a resurgence in popularity in 2023. Despite the introduction of MimbleWimble, which did not have a significant impact on the altcoin’s price, the upcoming halving event has created a significant buzz. As the halving event approaches in less than a month, excitement and interest surrounding the Litecoin network have been steadily increasing. Newly released data from IntoTheBlock indicated that search interest in Litecoin has reached its highest point in the past year. Various media discussions highlighted the upcoming halving event as a primary catalyst for this increased interest. Source Although there has been a notable surge in popularity, the price movement of the altcoin has been lackluster. At press time, Litecoin was trading at a low price of $96.95, experiencing a daily decrease of 0.57%. It is worth mentioning that the asset has declined by more than 7% in the past few days. It appears t...

Cryptocurrencies continue to thrive, despite the wobbly macro-environment. However, institutions have not yet joined the celebrations. Last week, Watcher Guru reported that digital asset investment products noted outflows for the fifth consecutive week, totaling $255 million. The same equated to the largest single weekly outflows on record, representing 1% of total assets under management. Well, the same outflow tale has been renewed at the moment. According to the latest data from CoinShares, institutions continue to ditch Bitcoin and Ethereum. However, they are collectively betting on Altcoins like XRP, Solana , Litecoin, and MATIC instead. As illustrated below, roughly $113 million worth of Bitcoin and $13 million worth of Ethereum have been sent out by institutions over the past week. On the other hand, they added Litecoin, Solana, Polygon, and XRP worth $1 million in aggregate. Source: CoinShares Also Read: Bitcoin Could Reach $100,000 Within 12 Months: Messari Fo...