Litecoin (LTC) price extends its recovery, trading at around $104 on Friday, after breaking above $100 for the first time in nearly two months. Institutional demand for LTC is increasing, reflected by the NASDAQ-listed MEI Pharma (MEIP) launching a dedicated strategic treasury.
Dogecoin (DOGE) and Shiba Inu (SHIB) are frontlining meme coins losses on Tuesday, following a strong uptrend the previous day. The surge in the prices of DOGE, SHIB and other crypto assets followed in the footsteps of Bitcoin (BTC), which hit a new record high of $123,218 on Monday.
Bitcoin (BTC) traded above 4% on Thursday after soaring to a new all-time high above $116,800. The rally, which appears to be leverage-driven, triggered over a $1 billion short-squeeze across the entire crypto market.