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Bitcoin Rivals Ethereum and Litecoin Soar to Records

The digital currency markets are in the midst of repeating last week’s astounding bull run, but this time there’s a twist.

The buying frenzy around Ethereum and Litecoin became so intense on Tuesday morning that it forced the most popular exchange in the U.S. to suspend trading for over an hour:

The former was introduced in 2011 as more lightweight clone to Bitcoin, while Ethereum is a different sort of distributed ledger software that is a popular platform for so-called token sales or “initial coin offerings.”

One possibility is that the buying spree represents speculators, many of them based in Asia, deciding that bitcoin has become too expensive and looking for a proxy.

In the case of Ethereum, though, some are speculating that a decision by big banks, including UBS, to launch a compliance program is driving the price increase.

READ MORE (Fortune)

  • Coinbase halts ether and litecoin trading as cryptocurrency market approaches ...Business Insider
  • Move over, bitcoin. Here comes litecoinCNNMoney
  • Ethereum and Litecoin are growing like crazyMashable
  • Litecoin is surging and crypto exchanges are struggling to keep upQuartz
  • Riding Bitcoin's rally: Smaller digital currencies Litecoin, Ether get big boostDallas News (blog)
  • What Is Litecoin And Why Is LTC Price Going Up?Forbes
  • Bitcoin Rally Boosts Smaller Cryptos Litecoin, Ether to RecordsBloomberg
  • Leading cryptocurrency exchange faces outages as bitcoin rivals surgeArs Technica
  • It's 'ironic' that investors fear stocks but not bitcoin: StrategistYahoo Finance

This post first appeared on The 5th News, please read the originial post: here

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Bitcoin Rivals Ethereum and Litecoin Soar to Records


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