Cryptocurrency Ethereum Classic Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum Classic (CRYPTO: ETC) experienced a 5.48% price drop in the last 24 hours, continuing a negative trend with a 21.0% loss over the past week. The trading volume has increased by 16.0%, while the circulating supply slightly decreased. Its market cap ranking is now #30 at $4.26 billion.
March 19, 2024 | 7:02 pm
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Ethereum Classic (ETC) has seen a significant price drop of 5.48% in the last 24 hours, marking a 21% decrease over the week. The trading volume has increased, indicating heightened activity, while the circulating supply has slightly decreased.
The significant price drop of Ethereum Classic, coupled with an increase in trading volume, suggests a bearish outlook in the short term. The decrease in circulating supply might typically suggest a potential for price increase, but the current market sentiment and the significant weekly loss overshadow this factor.
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