Cryptocurrency Ethereum Classic Decreases More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum Classic (CRYPTO: ETC) has seen a significant decline, dropping 5.74% in the last 24 hours to $22.4, and a 17% decrease over the past week from $26.95. The trading volume has decreased by 2%, while the circulating supply increased by 0.7%, with a current market cap ranking of #26 at $3.21 billion.
January 23, 2024 | 7:02 pm
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Ethereum Classic (ETC) has experienced a notable decline of 5.74% in 24 hours and 17% over the past week, indicating a bearish trend.
The significant price drop of Ethereum Classic (ETC) over the past week and the past 24 hours suggests a bearish sentiment among investors. The decrease in trading volume could indicate less interest or a consolidation phase, while the increase in circulating supply could put additional downward pressure on the price. Given these factors, the short-term impact on ETC's price is likely negative.
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