Cryptocurrency Ethereum Classic Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum Classic (CRYPTO: ETC) experienced a 5.83% price drop in the last 24 hours, falling to $27.1, despite a 5.0% gain over the past week. Its trading volume increased by 30.0%, with the circulating supply remaining steady, contributing to its current market cap ranking of #28 at $3.99 billion.
May 09, 2024 | 3:02 pm
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Ethereum Classic (ETC) saw a significant price drop of 5.83% in the last 24 hours, moving down to $27.1, despite an overall gain of 5.0% over the past week.
The sharp decline in Ethereum Classic's price over the past 24 hours, despite its recent upward trend, suggests a negative short-term impact on its valuation. The increase in trading volume indicates heightened activity, possibly as investors react to the price drop. The stable circulating supply and significant market cap position ETC as a notable asset in the cryptocurrency market, but the recent price volatility could deter short-term investors.
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