Today's Crypto Updates
- Bitcoin Price Tops $10K Across Major Exchanges
- Surging Litecoin Is Leading the Crypto Price Recovery
- Litecoin Cash - Another Bitcoin-Bitcoin Cash Saga?
- Western Union Confirms Testing Ripple Technology For Money Transfers
Summary Of Today's News:
Bitcoin is over 10k again, Litecoin is leading the market rally partially due to Litecoin Cash hard fork, Western Union partners with Ripple. Read all about it below!
1. Bitcoin Price Tops $10K Across Major Exchanges
Source: https://www.coindesk.com/bitcoin-price-tops-10k-across-major-exchanges/
Key Highlights:
"Bitcoin's price is back above $10,000."
"The last notable time bitcoin, the number one cryptocurrency by market capitalization, passed this threshold was in December of last year as it charted a course to record highs around $20,000."
Crypto Phil's Take:
Today I'll share my thoughts using memes
I probably should have used this one yesterday but oh well!
2. Surging Litecoin Is Leading the Crypto Price Recovery
Source: https://www.coindesk.com/surging-litecoin-is-leading-the-crypto-market-recovery/
Key Highlights:
"The crypto market recovery is looking stronger by the day, and litecoin is leading the way."
"The lure of making quick money on an upcoming hard fork seems to have boosted demand for LTC, although the legitimacy of the project is under question. As of writing, LTC is seen changing hands at $227"
Crypto Phil's Take:
Litecoin was hit especially hard during the crash so it's good to see it recover in such a strong fashion. However, I wouldn't be surprised if the price fell after this hard fork occurs.
3. Litecoin Cash - Another Bitcoin-Bitcoin Cash Saga?
Source: https://cointelegraph.com/news/litecoin-cash-another-bitcoin-bitcoin-cash-saga
Key Highlights:
"Hard fork is a scam - says Charlie Lee"
"In a situation that some are likening to the Bitcoin-Bitcoin Cash saga, holders of Litecoin are being promised 10 Litecoin Cash for every Litecoin they hold."
Crypto Phil's Take:
Scam or not, if you hold Litecoin, it sounds like you're going to be awarded some Litecoin Cash. If you don't believe in this new coin, sell it and reinvest the proceeds into something else :D
4. Western Union Confirms Testing Ripple Technology For Money Transfers
Source: https://cointelegraph.com/news/western-union-confirms-testing-ripple-technology-for-money-transfers
Key Highlights:
"The globally known money transfer company Western Union confirmed that it is testing Ripple following more than a month of rumor-fuelled speculation that began in early January."
"As Ripple’s CEO Brad Garlinghouse told Bloomberg, WU has decided to look into their platform in order to facilitate money transfers, particularly cross-border ones."
Crypto Phil's Take:
Western Union is a very, very well known company. This is only good news for Ripple. I've been reporting deal after deal related to Ripple recently. Seems like the good news won't stop coming and it's going to show up in the price sooner or later.
See any breaking news missing here? Share it in the comments down below!