What's Going On With Ethereum Classic?
Portfolio Pulse from Henry Khederian
Ethereum Classic (ETC) saw a slight increase of 1.1% to $28.51, influenced by Bitcoin's surge to $60,000 and speculative trading. The SEC's approval of a spot Bitcoin ETF has also positively impacted Bitcoin's value, hinting at potential growth for alternative cryptocurrencies like ETC.
February 28, 2024 | 6:39 pm
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Ethereum Classic (ETC) experienced a minor increase due to Bitcoin's rally and speculative trading, with potential for further growth following the SEC's Bitcoin ETF approval.
The slight increase in ETC's price is directly linked to Bitcoin's performance and the speculative trading that follows such rallies. The SEC's approval of a Bitcoin ETF is likely to increase interest in cryptocurrencies broadly, potentially benefiting ETC as investors look for alternative assets.
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