The price of Litecoin grew yesterday morning following a fake press release from Walmart that claimed its customers would have the option of making crypto payments through a partnership with the Litecoin Foundation.
Soon after, Walmart confirmed that the press release wasn’t real and it “had no knowledge of the press release issued by GlobeNewswire, and it is incorrect.”
But before Walmart had time to correct the fake news, Litecoin’s price increased by 30% from $175.45 to $225.75. The price of Bitcoin rose to $45,540 by 1.8%.
After Walmart cleared things out, the price of Litecoin fell to $178 again, and the price of Bitcoin dipped to $44,498.