Cryptocurrencies surged after New York open following reports that Walmart would accept Litecoin [Video]

Joe Neighbour Signal Centre

Cryptocurrencies surged just after the New York open following reports that the US Walmart chain would accept Litecoin as a payment.

Bitcoin surged to highs around $47,000, but the report was subsequently confirmed as fake and coins plunged once again with bitcoin lows below $43,500.

Volatility eased later in the session with a corrective recovery. Markets were still notably cautious over the overall regulatory environment, but bitcoin edged higher to above $45,000 on Tuesday.

Ether also spiked to highs near $3,400 before a slide to below $3,200 and consolidation below $3,300 on Tuesday.

Author

Joe Neighbour

Signal Centre

Joe started his career in financial services with HSBC at 18 years old before moving into the broking arena at several small to medium-size firms.

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