Major cryptocurrencies fell after Walmart denied making a deal to allow Litecoin payments for purchases.
Litecoin, which rose as much as 33% at one point, erased nearly all its gains, while Bitcoin dropped after a brief spike. Other digital assets also retreated.
A Walmart representative confirmed that the statement — which was linked to by a verified Litecoin Twitter account in a tweet that was later deleted — was not authentic. The news had spread like wildfire on Twitter, where crypto backers were thrilled to see another big name getting behind the movement. Read more at the link in bio.
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