First Mover Asia: Cryptos Shrug Off Latest US Productivity, Jobs Data; Bitcoin Hovers at $22.9K

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Crypto markets shrugged off the latest economic data, including an unexpectedly small increase in GDP. ALSO: Litecoin's price has held up better than larger, better known cryptos. thesamreynolds and JPRubin23 report.

Despite all this, over the last year, LTC is only down around 17% compared to 34% for ether and 37% for bitcoin.Data shared by CryptoQuant contributing analyst Mohsen Saleh shows that both whales and retail investors are bullish on Litecoin.

Meanwhile, the cohort of wallets that hold fewer than 100,000 Litecoin each now collectively holds more than 39 million LTC, showing that whales are also building up their supply. Lai pointed out that shorter transaction and processing times, when compared to bitcoin, made it a diversification play for many traders.

 

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thesamreynolds JPRubin23 Despite the soft economic data, crypto markets have remained relatively buoyant. Taking a closer look at performance over recent weeks, Litecoin has outperformed other large-cap digital

thesamreynolds JPRubin23 Crypto traders are unfazed by economic data, and Litecoin price has outpaced larger cryptos. Check out thesamreynolds and

thesamreynolds JPRubin23 Litecoin continues to buck the trend as it outperforms bigger cryptos on bullish market news! More details and analysis from thesamreynolds &

thesamreynolds JPRubin23 Litecoin's been having a good run recently. Might flip $ETH soon?

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First Mover Asia: Bitcoin Seesaws Above and Below $23K AgainBitcoin clambered over $23K for the third time in four days before falling back to $22.6K. Still, the largest crypto in market value is up more than 30% this year. JPRubin23 reports JPRubin23 Like gas prices, only in reverse. Gas goes up a buck and everyone loses their minds. Then it goes down 30 cents and everyone rejoices. This....this is how manipulated people are into being grateful for every scrap thrown at them. It's pathetic. JPRubin23 Woohoo! The crypto space is growing 🚀 🤩! This year especially has seen an explosive growth. I'm excited to see where DeFi takes us, as we take more steps towards financial freedom. HODL BUIDL DeFi JPRubin23 😂😂😂still, blablabla
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First Mover Asia: Bitcoin Tops $23.7K in Wednesday ComebackThe largest cryptocurrency by market capitalization regained ground lost in a late Tuesday swoon. ALSO: Laguna Labs CEO Stefan Rust discusses Genesis and bitcoin's short-term prospects in a CoinDesk Q&A. JPRubin23 JPRubin23 Laguna Labs CEO, Michael Hertzberg recently answered four questions about the crypto markets and their future outlook. In a recent tweet, he discussed 'the JPRubin23 It seems that Bitcoin is regaining its position in the market. Interesting to read JPRubin23's perspective on crypto markets. A great reminder that DeFi is changing the way we access global markets! HODLing
Source: CoinDesk - 🏆 291. / 63 Read more »