Why Ethereum Classic (ETC) Is Falling Today
Portfolio Pulse from Henry Khederian
Ethereum Classic (ETC) is trading lower by 5.18% due to weaker-than-expected U.S. employment data, which has raised concerns about the U.S. economy and led to a shift in investment strategies towards safer assets.
August 02, 2024 | 7:00 pm
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Ethereum Classic (ETC) is experiencing a 5.18% decline due to weaker-than-expected U.S. employment data, which has raised concerns about the U.S. economy and led to a shift in investment strategies towards safer assets.
The weaker-than-expected U.S. jobs report has raised concerns about the health of the U.S. economy, leading to a shift in investment strategies towards safer assets. This has resulted in increased selling pressure on riskier assets like Ethereum Classic (ETC), causing its price to decline.
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