Why Ethereum Classic Is Falling
Portfolio Pulse from Henry Khederian
Ethereum Classic (ETC) is experiencing a 6.2% drop in value due to increased geopolitical tensions following Iran's missile strike on Israel. The conflict has led to market anxiety, causing investors to move away from riskier assets like cryptocurrencies.
October 01, 2024 | 7:22 pm
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Ethereum Classic is down 6.2% due to geopolitical tensions after Iran's missile strike on Israel. The conflict has increased market anxiety, leading investors to move away from riskier assets like cryptocurrencies.
The geopolitical conflict between Iran and Israel, with U.S. involvement, has heightened market anxiety. This has led to a shift away from riskier assets like cryptocurrencies, impacting Ethereum Classic significantly. As a smaller and more niche asset, ETC is more vulnerable to sharp price movements during such uncertain times.
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