$80,118.00
2.71%$1,582.00
0.44%$3.65
-0.39%$1.94
0.94%$559.06
1.41%$0.999954
0.01%$109.00
2.88%$0.151536
2.11%$0.228791
-0.23%$0.593261
4.15%$1,579.93
0.33%$79,916.00
2.61%$8.94
1.04%$1.00
0.10%$3.13
7.63%$11.63
3.74%$0.234506
1.62%$16.90
5.51%$0.00001156
2.96%$1,894.96
0.71%$2.06
7.56%$0.15406
10.12%$6.32
7.51%$277.55
2.71%$72.04
2.63%$0.999074
-0.08%$0.998902
0.03%$4.13
0.73%$1,581.75
0.50%$0.59547
-2.11%$28.13
2.08%$11.86
15.93%$204.12
2.98%$1,682.80
0.59%$5.19
2.98%$51.45
-2.56%$1.047
-0.04%$0.00000657
5.01%$4.47
3.56%$80,029.00
2.65%$21.02
1.60%$2.15
0.36%$0.77
5.41%$30.03
0.96%$0.702911
0.09%$0.086185
7.68%$4.69
3.10%$14.66
4.00%$1.16
0.06%$135.06
4.78%$0.997382
0.36%$1.00
0.00%$4.38
-1.68%$0.02051077
4.63%$206.12
12.57%$4.04
-0.01%$80,015.00
3.01%$0.295624
7.29%$0.062967
8.16%$7.96
-0.36%$3.01
8.25%$2.40
0.85%$0.175551
3.72%$2.53
8.20%$0.168949
4.46%$0.437337
0.09%$79,941.00
2.58%$0.277194
4.13%$0.770801
4.68%$8.97
4.73%$4.21
5.89%$1,246.86
8.42%$0.066854
0.90%$0.398334
3.91%$0.623798
4.78%$1.006
4.00%$0.99855
-0.19%$0.343238
1.66%$1,584.00
0.48%$64.70
-0.20%$1,645.17
0.51%$113.74
3.36%$15.70
6.02%$0.558558
5.53%$0.999863
-0.15%$0.335729
5.97%$0.660905
5.60%$0.999287
-0.15%$0.00001029
6.37%$0.999876
0.10%$0.998762
0.80%$1,788.71
0.35%$0.01192168
-1.50%$0.151724
4.34%$3,005.34
-0.63%$0.075815
4.04%$0.723323
4.75%$7.38
4.97%$0.401266
6.49%$79,433.00
2.01%$558.79
1.19%$3,012.40
-0.24%$79,951.00
2.61%$0.702132
1.60%$1.00
0.13%$0.60056
3.33%$0.470079
10.47%$1,675.98
0.28%$0.243131
5.19%$0.01346838
5.12%$0.00000059
-2.96%$0.098505
-0.47%$0.457633
2.44%$0.151791
3.75%$34.77
-7.05%$0.549267
26.84%$27.43
2.61%$0.99947
-0.01%$139.61
3.04%$0.331377
-0.78%$1.61
2.77%$1.83
13.79%$1.72
7.03%$0.00005118
5.53%$0.999509
0.35%$1,646.32
0.35%$1.66
6.53%$4.43
-7.14%$0.0098236
6.19%$0.068786
5.89%$2.93
10.58%$2.64
8.09%$1.002
0.54%$0.999655
-0.15%$0.425565
6.18%$0.999297
-0.21%$0.488812
20.77%$78,498.00
1.66%$13.40
1.78%$118.58
1.91%$0.122212
5.94%$0.560324
5.20%$1.093
-0.35%$0.999506
-0.06%$0.424742
7.22%$0.00452971
5.00%$1.012
4.02%$0.155195
28.47%$1.085
-0.02%$110.60
0.02%$0.00000041
-2.69%$0.215851
1.02%$79,870.00
2.51%$80,031.00
3.16%$0.151444
2.00%$2.41
-0.50%$23.53
-3.12%$1,679.74
0.51%$0.00671849
6.26%$13.21
5.76%$0.03896692
3.77%$1.054
3.97%$0.126965
4.88%$40.16
1.24%$78,453.00
1.90%$0.572154
1.18%$0.070574
-1.43%$79,716.00
2.09%$0.00001764
2.45%$0.999294
0.08%$0.34865
4.41%$4.44
-7.45%$0.999453
0.04%$5.24
2.61%$1,582.88
0.43%$0.075211
2.30%$1,582.75
0.38%$1,581.78
0.66%$4.80
-0.73%$1.002
0.38%$0.404532
4.36%$1,653.92
-2.31%$0.00000157
10.45%$0.00610201
8.10%$1.50
0.15%$0.757184
4.69%$0.157071
4.65%$0.479571
3.67%$0.00005671
3.91%$0.175509
3.17%$1,585.23
0.76%$0.00915058
7.29%$0.319167
5.06%$0.999656
0.08%$0.02985482
-3.35%$1.001
0.28%$2.61
2.26%$79,558.00
3.00%$0.00338239
2.65%$1,594.67
-0.52%$0.333574
5.53%$0.00422325
6.26%$0.02660398
6.94%$100.46
-0.87%$0.124467
1.92%$79,840.00
2.70%$0.205781
1.71%$2.64
0.42%$1,556.50
0.18%$2,983.32
-0.96%$1,581.75
0.33%$0.429956
1.74%$19.84
0.40%$0.977513
1.87%$0.999862
0.03%$0.205345
7.56%$0.478934
2.96%$0.997501
10.49%$0.529069
0.67%$20.98
0.36%$0.164172
0.97%$0.224511
3.23%$1,672.98
0.50%$0.91114
14.03%$1,730.67
0.62%$0.027737
2.25%$0.998333
-0.01%$1,603.06
2.51%$0.03057297
3.10%$0.621289
3.60%$12.90
-0.00%$0.091716
1.79%$1,719.43
0.73%$0.495924
-0.33%$2.62
-7.14%$0.999586
0.03%$1.00
0.02%$0.01017069
1.68%$79,642.00
3.78%$1,573.56
-0.22%$16.91
5.83%$0.05304
4.21%$0.00217946
-4.80%$0.0003177
-18.52%$0.423046
5.01%$0.772038
4.74%$0.00183504
4.92%$0.00250321
4.85%Reading
The rate of newly issued Litecoin, the 12th largest cryptocurrency by market cap, has today shrunk in an event called “the halving.”
Just like Bitcoin, every four years or so, the supply of Litecoin rewards given out as mining rewards gets cut in half, meaning fewer of the digital coins are created.
The idea is to lower the rate of inflation on the network—fewer coins mean higher value per coin. In theory, this should drive up the price, if everything else about the network stays the same.
“Like gold, the premise is that over time, the issuance of litecoins will decrease and thus become scarcer over time,” a website dedicated to the event reads.
But so far, Litecoin—which trades as LTC—hasn’t experienced any bullish price action. Quite the opposite: The price of the coin is down 3.8% in the past 24 hours, trading hands for $89.02, according to CoinGecko.
Litecoin, which is a forked version of Bitcoin, wasn’t even faring well in the run up to the event, either—in the past seven days it’s down 0.6%.
Litecoin was launched in 2011 by ex-Google employee Charlie Lee. He wanted to create a faster, cheaper version of the biggest cryptocurrency and so he forked Bitcoin. That means he made a new cryptocurrency by copying and then changing its code slightly.
Happy halving day @litecoin! Let's compare some key metrics to the last halving in 2019. What do you notice👀?#LITECOINHALVING #LTC #Litecoin pic.twitter.com/V9wneIZkRS
— IntoTheBlock (@intotheblock) August 2, 2023
The objective was to make a peer-to-peer cash system cheaper than the oldest and most well-known digital currency. So far, the asset hasn’t been successful at beating Bitcoin in terms of adoption—but recently it’s made a somewhat comeback.
EDX Markets, a new, Wall Street-backed crypto exchange aimed at targeting institutional investors, listed LTC, along with Bitcoin, Bitcoin Cash, and Ethereum. The reason? It’s unlikely to be targeted by regulators as an unregistered security.
Ordinal mania has caused increased blockchain activity—but not just on Bitcoin’s network: Litecoin, the 12th largest cryptocurrency by market cap, is experiencing a huge surge in transactions. Litecoin’s blockchain last week experienced over 584,838 transactions in one day, the highest in its history, according to crypto data website Bitinfocharts. Activity has since dipped—363,855 transactions took place yesterday—but Litecoin use is still higher than it has ever been. The cryptocurrency, w...
This led to the asset jumping in value and regaining a spot in the top 10 largest cryptocurrencies—again. But since then it has dropped back to number 12.
Top college football prospect Matai Tagoa’i is set to join football stars like Russell Okung, Odell Beckham Jr., and Trevor Lawrence by receiving his compensation in Bitcoin. The linebacker will be paid part of his earnings via the Strike app after signing a “name, image, and likeness” (NIL) deal with the University of Southern California (USC). The exact details of his package are not known, but some college football players, such as Shedeur Sanders, have received estimated payouts of up to $4....
The world’s largest asset manager BlackRock just debuted a new advertisement proselytizing the virtues of Bitcoin, but rather than cheer on the Bitcoin ETF issuer for its efforts, Bitcoiners aren’t happy. The video, which is housed on the iShares Bitcoin Trust (IBIT) ETF page on BlackRock’s website, spends three minutes walking viewers through the evolution of money and key fundamentals of Bitcoin. One of those fundamentals is Bitcoin’s 21 million fixed token supply. While the video explains t...
El Salvador may have reached a deal with the International Monetary Fund that will see the tiny country scale back its Bitcoin law—but it’s still going to “HODL.” And it might even step up its BTC buys. That’s according to Stacy Herbert, the head of El Salvador’s National Bitcoin Office, who wrote on X (formerly known as Twitter) Thursday that the country may even continue buying the cryptocurrency at an “accelerated pace” going forward. El Salvador in 2021 made Bitcoin legal tender along with...
