Litecoin and other cryptocurrencies prices rose sharply following a suspicious press release sent out by GlobeNewswire that referenced a partnership with Walmart. According to the release, the giant retailer intends to allow shoppers to make payments with Litecoin. However Litecoin itself didn't tweet about the partnership with Walmart. Later on, Walmart spokesperson confirmed the press release is not authentic.
Litecoin - the news caused the price of litecoin to soar almost 30% to $236.00 and the price of bitcoin reached almost $47,000 level. However buyers quickly gave up the gains and Litecoin pulled back below $187.70 and price is currently approaching an upward trendline. Source: xStation5
3 markets to watch next week - (17.10.2025)
Bitcoin drops below important support zone 📉
Bitcoin loses momentum falling to $111k 📉Ethereum loses 3%
Crypto news: Bitcoin rebounds after the sell-off 📈Ethereum above $4000
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
