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Story: Bolivar Collapsing Locals Resort to Bitcoin and Litecoin to Dodge International Sanctions

By Dan Saada

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The markets are showing green numbers, and there is positivity in the market.  EOS and Litecoin are seen to be leading the gains by 14%.

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There has been an increase in the institutional interest and activity in the cryptocurrency market.

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Litecoin has been and continues to be an inevitable coin, and in the recent times the token has been fighting for more significant stakes in the market cap and the price growth…

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Being the fifth dominant cryptocurrency in terms of market value, Litecoin has climbed higher with a steady rise in the past few days.

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During the bear market crisis the price of Litecoin was down from its all-time high by 85%, and currently, the value of the token has risen by 17% in the past 24 hours.

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Investors and traders are currently contributing to cross the psychological $4000 mark in the Bitcoin bear market.

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Ethereum was up by 8% in the past 24 hours thus reflecting the sentiments of the overall market.

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In just the past 24 hours, Litecoin has added to the overall market capitalization by $500 million.

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Venezuela Citizens have been suffering the effects of economic crisis and hyperinflation in recent years.  The country is as well facing international sanctions.

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The usage of Bitcoin and Litecoin has become very common in Venezuela over the past few months.

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More than 25 billion Bolivars have been traded locally in the past week per data from CoinDance.

The Currency Analytics

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