Shares of a number of standard 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 knowledge. Rising inflation has brought on financial issues and has additionally raised expectations for additional Fed coverage tightening.
In line with knowledge 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 point within the broader cryptocurrency market.