Cryptocurrency Ethereum Classic Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum Classic (CRYPTO: ETC) has seen a decrease of 3.3% in its price over the last 24 hours, now at $24.36, despite a 2.0% increase over the past week. The trading volume for ETC has risen by 31.0%, and its circulating supply has grown by 0.51%, reaching 143.20 million. This accounts for approximately 67.96% of its maximum supply. Currently, Ethereum Classic's market cap ranks it 26th at $3.47 billion.
February 05, 2024 | 7:01 pm
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Ethereum Classic (ETC) experienced a 3.3% price decrease over the last 24 hours, now at $24.36, despite a recent uptrend. Its trading volume and circulating supply have increased, with a current market cap of $3.47 billion.
The short-term price decrease of 3.3% in Ethereum Classic (ETC) could lead to negative sentiment among investors, potentially causing a further drop in price. However, the increase in trading volume and circulating supply, along with a stable market cap ranking, might mitigate some of the negative impact. The overall market sentiment and future developments in the cryptocurrency sector will also play significant roles.
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