{"id":103312,"date":"2023-06-02T10:10:20","date_gmt":"2023-06-02T10:10:20","guid":{"rendered":"https:\/\/dripp.zone\/news\/index.php\/2023\/06\/02\/bitcoin-rises-above-us27000-litecoin-leads-gains-crypto-news\/"},"modified":"2023-06-02T10:10:23","modified_gmt":"2023-06-02T10:10:23","slug":"bitcoin-rises-above-us27000-litecoin-leads-gains-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-rises-above-us27000-litecoin-leads-gains-crypto-news\/","title":{"rendered":"Bitcoin rises above US$27,000, Litecoin leads gains\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Bitcoin and Ether gained in Friday afternoon trade in Asia along with all other top 10 non-stablecoin cryptocurrencies, following successful negotiations on raising the US debt ceiling that injected some optimism into markets.  Litecoin was the biggest gainer in 24 hours. <\/p>\n<p><strong><em>See related articles: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/whats-holding-back-defi-and-keeping-masses-away\/\">What&#8217;s holding back DeFi and keeping the masses away<\/a><\/p>\n<h2 class=\"wp-block-heading\"><strong>Bitcoin gains, first digital issues new stablecoin<\/strong><\/h2>\n<p>Bitcoin, the world&#8217;s largest cryptocurrency, rose 1.08% to US$27,076 in the 24 hours to 4 pm in Hong Kong, bringing its weekly gains to 2.08%, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/\">CoinMarketCap<\/a> data. <\/p>\n<p>Ether, the second largest cryptocurrency in the world, gained 1.78% to US$1,886 in 24 hours, after rising 3.85% in the last seven days. <\/p>\n<p>Litecoin was the biggest gainer among top 10 cryptos, climbing 2.25% to US$94.48 in 24 hours, and strengthening 8.35% on the week.  It rose on stronger buying support from its <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.litecoinhalving.com\/#:~:text=The%20next%20Litecoin%20halving%20date,12.5%20LTC%20to%206.25%20LTC.&#038;text=*%20Litecoin%20halving%202023%20countdown%20prediction,the%20next%20Litecoin%20Halving%20Event.\">third halving event<\/a> that is set for Aug.  2, which would reduce the supply of the token. <\/p>\n<p>Litecoin&#8217;s on-chain activity increased in May, according to blockchain data tracker <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intotheblock\/status\/1663472029050306560\">IntoTheBlock<\/a> on Tuesday, which noted almost 8.5 million Litecoin addresses with a balance by the end of May, compared to 7.09 million addresses by the end of March.<\/p>\n<p>The global crypto market capitalization strengthened by 1.21% to US$1.14 trillion, while the total crypto market volume lost 5.75% to US$29.94 billion in the last 24 hours. <\/p>\n<p>Hong Kong-based consultancy First Digital has introduced a new stablecoin pegged to the US dollar, First Digital USD (FDUSD), it said in a statement on June 1, the same day that Hong Kong&#8217;s new licensing regime for virtual asset service providers took effects.<\/p>\n<p>Issued by FD121 Limited, a subsidiary of the trust company and under the brand name First Digital Labs, the stablecoin is intended to be backed on a 1:1 basis by one US dollar or asset of equivalent fair value, held in accounts of regulated financial institutions in Asia, the statement said. <\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin and Ether gained in Friday afternoon trade in Asia along with all other top 10 non-stablecoin cryptocurrencies, following successful negotiations on raising the US debt ceiling that injected some optimism into markets. Litecoin was the biggest gainer in 24 hours. See related articles: What&#8217;s holding back DeFi and keeping the masses away Bitcoin gains, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":103313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-103312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/103312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=103312"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/103312\/revisions"}],"predecessor-version":[{"id":103314,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/103312\/revisions\/103314"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/103313"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=103312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=103312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=103312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}