Litecoin, the fifth-largest cryptocurrency by market capitalization, experienced a significant drop of 10% in a bearish trade on Sunday. The decline pushed Litecoin's market cap down to $1.1328B, representing 0.03% of the total cryptocurrency market cap. At its peak, Litecoin's market cap reached $17.5290B.
Over the past seven days, Litecoin has seen a decrease in value, with a loss of 8.33%. The volume of Litecoin traded in the twenty-four hours to time of writing was $174.2939M or 0.18% of the total volume of all cryptocurrencies. It has traded in a range of $0.7052 to $0.8190 in the past 7 days.
At its current price, Litecoin is still down 96.85% from its all-time high of $22.98 set on April 29, 2018.
Elsewhere in cryptocurrency trading, Bitcoin was last at $99,834.4 on the Investing.com Index, down 2.54% on the day. Ethereum was trading at $3,091.27 on the Investing.com Index, a loss of 6.48%. Bitcoin's market cap was last at $1,992.3019B or 58.61% of the total cryptocurrency market cap, while Ethereum's market cap totaled $375.7307B or 11.05% of the total cryptocurrency market value.
Bitcoin's price dropped below $100k amid Trump's tariffs on Canada, China, and Mexico. The global markets were impacted by the tariffs, leading to a selloff in cryptocurrencies. The impact of trade wars on cryptocurrency markets has been a topic of interest, with experts analyzing the correlation between geopolitical events and cryptocurrency prices.
Canada imposed 25% tariffs on $155B worth of US goods, which could potentially affect cryptocurrency markets. The tariffs are part of an ongoing trade dispute between the US and Canada, which