Cryptocurrency Ethereum Classic Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum Classic (CRYPTO: ETC) has seen a 3.31% price drop in the last 24 hours, continuing a weekly downward trend with a 14.0% loss. The trading volume has decreased by 52.0%, while the circulating supply has increased by 0.45%. Ethereum Classic's market cap is currently ranked #35 at $2.84 billion.
January 05, 2024 | 3:02 pm
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NEGATIVE IMPACT
Ethereum Classic (ETC) has experienced a significant price decline of 3.31% in 24 hours and a 14% loss over the week, with a decrease in trading volume and a slight increase in circulating supply.
The price of Ethereum Classic has declined significantly, which is likely to negatively impact investor sentiment in the short term. The decrease in trading volume suggests lower market interest, which could further pressure the price. However, the increase in circulating supply is relatively small and may not have a substantial impact on the price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100