Why Ethereum Classic (ETC) Is Volatile Today
Portfolio Pulse from Henry Khederian
Ethereum Classic (ETC) is trading lower by 3.1% to $21.20 due to a broader decline in altcoins, influenced by Bitcoin's 2% drop. The market is reacting to news of Mt. Gox's $2.84 billion repayment plan, which is causing fears of large-scale selling by creditors.
July 16, 2024 | 3:37 pm
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Ethereum Classic (ETC) is down 3.1% to $21.20, influenced by Bitcoin's decline and market fears over Mt. Gox's $2.84 billion repayment plan.
The decline in Ethereum Classic's price is directly linked to the broader market sentiment caused by Bitcoin's drop and fears of large-scale selling due to Mt. Gox's repayment plan. This news is highly relevant and important for ETC investors as it indicates potential short-term volatility.
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