Grayscale Accumulates Litecoin During Price Dip – Will LTC Recover?
In light of the recent crypto market downturn following the Federal Reserve’s FOMC meeting, Grayscale has chosen to purchase Litecoin at a lower price point. Litecoin’s value suffered due to the Fed’s unexpected shifts in monetary policy, reducing the projected rate cuts for 2025 from four to two. Investors are closely watching whether this strategic acquisition will lead to a rebound for Litecoin as price fluctuations continue. The market uncertainty raises key questions about the future performance of LTC and the impact of institutional purchases as news develops.
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