Amid the turmoil in the digital currency market, a piece of news about Walmart accepting Litecoin payments quickly spread on the Internet, triggering heated discussions in the market. However, just as the market was boiling, Walmart officials clarified that this was just fake news. This mixed-up incident not only affected the price of Litecoin, but also triggered turmoil in the entire currency market. Let us delve into the details behind this incident and reveal the truth and mystery.

In the cryptocurrency market, news often travels faster than lightning. Just like this rumor about Walmart accepting Litecoin payments, it is like a pebble dropped into a lake, causing ripples. Investors, stimulated by the news, took action one after another, hoping to profit from it. However, Wal-Mart's official denial was like a bucket of cold water, instantly dousing investors' hot expectations. The market fluctuations caused by this kind of false news are a microcosm of the digital currency market. In this era of information explosion, it is difficult to distinguish between truth and falsehood. Investors need to keep a clear head and not be swayed by market trends.

Fluctuations in currency markets often contain deeper economic factors. The market turmoil caused by Walmart’s Litecoin rumors also reflects the fragility of the digital currency market. A piece of false news can send the entire market into madness. What kind of risks are hidden behind this? The speculative atmosphere in the digital currency market makes the market fluctuate frequently and risks are difficult to control. While investors are chasing profits, they are also taking huge risks. This kind of market uncertainty requires investors to remain cautious and invest rationally to avoid losses due to impulse.

In this incident, as a global retail giant, every move of Walmart may trigger market fluctuations. Although Walmart officials have clarified the rumors about Litecoin payments, this incident has sounded the alarm to the digital currency market. The development of the digital currency market cannot be separated from the support of large enterprises, but changes in the attitude of enterprises may have a huge impact on the market. Investors need to remain vigilant at all times, not be swayed by market news, and treat investments rationally in order to remain stable amid market fluctuations.

Overall, this case of Walmart Litecoin rumors reveals the complexities of the digital currency market. The interweaving of reality and reality in the market, blind following of investors, and changes in corporate attitudes are all affecting market trends. Investors need to keep a clear head and invest rationally in order to remain stable in the turbulent market. I hope every investor can grasp the pulse of the market, not be fooled by false news, and move towards the road of investment success. It is hoped that the digital currency market can develop steadily and inject new vitality into the global economy.

Globe, the official press release distribution platform
Newswire suddenly published an article on Walmart announcing its cooperation with Litecoin (LTC) at 9:00 pm on the 13th, saying that the largest retailer in the United States has accepted LTC as an online payment method. This news was even reposted by the Litecoin Foundation on Twitter and various media Major international mainstream media reported that all major cryptocurrencies were encouraged and surged rapidly across the board.

However, this unprecedented good news in the currency circle ushered in a 180-degree turn after an hour. With the strange phenomenon of the LTC Foundation officially deleting the article and major media deleting the reports, within ten minutes of the strange phenomenon, Wal-Mart officially jumped out and announced This is fake news.

This incident caused violent shocks in the entire cryptocurrency market. Almost all the cryptocurrencies rose sharply and then plummeted in seconds. Due to a large number of liquidations in the futures market, half of the currencies were even lower than their original prices.

Realistic fake news, even LTC officials retweeted it

The press release stated that Walmart, the largest retailer in the United States, announced its cooperation with LTC, which will provide its millions of shoppers around the world with seamless payments using cryptocurrency. The press release even quoted Walmart CEO Doug McMillon
Mc Millon) and LTC founder Charlie Lee’s speeches seemed quite realistic, and LTC’s official Twitter even retweeted the news.

Although the news was important, the authenticity of this press release was immediately questioned by the community. In addition to the contact person filling in a non-company email, it was not simultaneously published on Walmart's official website, but major media have begun to reprint it frantically.

Walmart officials immediately issued a statement to clarify: Walmart is not aware of the press release issued by Globe Newswire, and there is no factual basis for this matter. Walmart has nothing to do with Litecoin.

LTC officials also deleted the tweet, stating that the repost was a hasty act by an enthusiastic community member and that it has corrected and taken more steps to prevent this situation from happening again.

Cryptocurrencies collapsed after a sharp rise. The victim, LTC, once rose by 35%.

The news that Walmart, the largest and most valuable store in the United States, officially announced that it will accept cryptocurrency payments shocked the global currency market. Within 15 minutes of the news being released, BTC, the leading cryptocurrency, quickly surged from its starting point of $44,663 to It reached a maximum of $46,900, an increase of more than 5%.

However, after the subsequent fake news was disproven, the market showed even more panic fluctuations. Within 15 minutes starting from 21:57, Bitcoin plummeted by more than 6% and once fell to $43,310. The price even It was even lower than the starting point an hour ago, and there were reports of serious futures liquidation.

LTC, the protagonist of the incident, soared from US$175.99 to US$237.88 in half an hour, an increase of 35%. After the false news was exposed, it continued to fall back within an hour. By the deadline of 10:30, the price had dropped to US$180.48, a decrease of 35%. About 25%, almost taking profits from the sharp rise.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.