Cryptocurrency Ethereum Classic Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum Classic (CRYPTO: ETC) has seen a 4.31% price drop in the last 24 hours, now at $26.56, despite a 35% increase over the past week from $19.65. The trading volume surged by 99% over the week, and the circulating supply rose by 0.6% to 143.20 million, which is 67.96% of the max supply. ETC's market cap is currently ranked #25, valued at $3.80 billion.
January 15, 2024 | 3:03 pm
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NEGATIVE IMPACT
Ethereum Classic (ETC) experienced a 4.31% price decline over the last 24 hours, despite a recent uptrend. The increase in trading volume and circulating supply may indicate heightened investor interest.
The short-term impact on ETCUSD is negative due to the recent price drop of 4.31%. However, the increased trading volume and circulating supply suggest that there may be growing interest and activity around ETC, which could mitigate the impact or potentially reverse the downtrend if the broader market sentiment improves.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100