BTC/USD is changing hands at $9,100 after a short-lived dip tothe lowest level since the end of May $8,823 on the weekend. Bitcoin has stayed mostly unchanged both on a day-to-day basis and since the beginning of Monday as the market waits new clues to find out where to go next.
Litecoin is the seventh largest digital asset with the current market value of $2.6 billion and an average daily trading volume of $1.3 billion. The coin hit the recent low of $39.44 on June 27 and recovered above $40.00 by the time of writing. LTC/USD has barely changed both on a day-to-day basis and since the beginning of the day amid slow market activity.
Investor and Cryptocurrency researcher Qiao Wang warned that Ethereum might lose its leading position if it fails to roll out ETH 2.00 update and tackle the scalability issues. The expert believes that Ethereum’s high fee charges and often network congestion create opportunities for innovative projects to flourish.