Cryptocurrency Ethereum Classic Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum Classic (CRYPTO: ETC) has seen a 3.13% decrease in price over the last 24 hours, continuing a negative trend with a 7.0% loss over the past week. The trading volume has decreased by 17.0%, while the circulating supply has increased by 2.05%. Its market cap ranking is now #28 at $5.12 billion.
March 14, 2024 | 3:02 pm
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NEGATIVE IMPACT
Ethereum Classic (ETC) has experienced a 3.13% decrease in the last 24 hours, marking a 7% loss over the week. The trading volume has decreased by 17%, and the circulating supply has increased by 2.05%.
The decrease in price and trading volume, along with the increase in circulating supply, suggests a negative short-term impact on ETC's value. The continued negative trend and its effect on market cap ranking further support this analysis.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100