LTC News: Assessing the Potential Impact of Trump’s ‘Short-Term Pain’ Plan on Cryptocurrency Prices
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As the trade war escalates, high-risk assets, including cryptocurrencies like LTC, have seen significant sell-offs. However, some speculate that this market turmoil could be part of a larger plan to lower inflation and refinance US debt. Here’s a closer look at the potential impact on cryptocurrency prices.
Will Trump’s ‘Short-Term Pain’ Plan Result in Long-Term Gains for Crypto?
High-risk assets such as tech stocks and crypto, including BTC, ETH, LTC, and others, have been selling off heavily as Donald Trump’s trade war escalates. However, this could be part of a ‘short term pain’ masterplan to lower inflation and refinance around $9 trillion of US debt by allowing market weakness. The administration appears unified in this approach, aiming to lower rates. Market turmoil is planned, with officials expressing little concern about volatility.
LTC and HBAR Holders Explore FXGuys—Potential Addition to Crypto Portfolio
Litecoin (LTC) and Hedera (HBAR) holders are diversifying their crypto portfolio by joining the FXGuys ($FXG) public presale. The new crypto trading platform has gained popularity due to its perks, terms, and utility, showing massive long-term potential. While Litecoin remains a well-known name in the crypto market, it has failed to generate much buzz lately as competition adapts new technologies and features.
SEC Postpones Decisions on Altcoin ETF Applications, Institutional Interest Remains
The US SEC postponed its decisions on several spot altcoin ETF applications this week, including those for Litecoin (LTC), XRP, and Solana (SOL). A K33 Research report shows there is consensus among asset managers for altcoin ETFs, indicating interest and demand for alternative investments among clients. The SEC awaits paperwork from the White House and filings from institutions. Meanwhile, altcoins began a slow recovery amidst Bitcoin’s (BTC) 5% rally on Friday, although traders expressed concerns over the delay in decisions.
