Why Ethereum Classic Is Trading Lower
Portfolio Pulse from Henry Khederian
Ethereum Classic (ETC) is trading lower by 7.30% amid broader weakness across cryptocurrencies due to the SEC suing Binance over U.S. securities violations. Binance is the largest cryptocurrency exchange in the world by trading volume.
June 05, 2023 | 6:57 pm
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Ethereum Classic (ETC) is trading lower by 7.30% due to the SEC's lawsuit against Binance, causing broader weakness in cryptocurrencies.
The SEC's lawsuit against Binance, the largest cryptocurrency exchange, has caused a broader weakness in cryptocurrencies, including Ethereum Classic. As a result, ETC is trading lower by 7.30%, indicating a negative short-term impact on its price.
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