New USD pairs featuring $LTC and $TRX will take effect next Monday

13 Sep, 2018
by Paula D. Baciu
New USD pairs featuring $LTC and $TRX will take effect next Monday

Bittrex announced more USD pairs coming up in a few days. Could this be the reason why certain coins bounced up by more than 10% or is it just the overall market sentiment?

The exchange introduced the first USD (yes, fiat) pairs at the beginning of the summer with Bitcoin, USD Tether and TrueUSD. Over time, it listed paired USD with Ethereum, XRP, Ethereum Classic, Cardano, and ZCash as well. The last two pairs have only been added a few days ago, on September, 5th.

The next ones in the row are TRON and Litecoin, according to their official Twitter:

Both coins noted immediate price gains following the announcement. Litecoin gained 11.27% since yesterday and trades at $53.75 at the time of writing and TRON overtakes with a 13.03% increase, priced at $0.019685 (304 Satoshi).

While it is quite difficult to distinguish what is happening in the market at the moment, since most coins are up all of the sudden, the charts suggest that the announcement itself had a significant effect over the two markets concerned. The previous two coins, however, ADA and ZEC, only noted some mild increases after they were announced at the beginning of the month, which implies that the overall market sentiment is more prominent than announcements when it comes to price swings.

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Is the introduction of USD Fiat pairs and deposit/withdrawals in USD fiat a good move for Bittrex?

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