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Litecoin Surges as Network Activity Explodes Amidst Cryptocurrency Downturn

Guavy AI Editorial Team
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Litecoin's price surged recently as its network activity experienced a significant boom.

The news comes amidst a downturn in the cryptocurrency market, where Bitcoin fell below $84,000 due to rising U.S. 10-year Treasury yields reaching their highest level since 2007.

According to Chainalysis, global crypto economic activity only decreased by 1.6% over 12 months despite a 50% market-cap decline worth $2.1 trillion.

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