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Why Ethereum Classic (ETC) Is Up 9% In The Past 24 Hours

www.benzinga.com

Ethereum Classic (CRYPTO: ETC) is trading higher by some 9.49% to $19.56 over the past 24 hours. Shares of several popular altcoins are trading higher amid broader strength in cryptocurrencies.

Read in Full: www.benzinga.com
Bitcoin ETC
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Timeline of Ethereum-classic


Why Ethereum Classic And Litecoin Are Diving - Benzinga

Litecoin (CRYPTO: LTC) and Ethereum Classic (CRYPTO: ETC) are both facing selling pressure and trading lower Thursday afternoon. The broader cryptocurrency market is experiencing marked weakness as Silvergate Capital Corp's planned liquidation has weighed on banks with crypto exposure.


Ethereum Classic Hashrate Dumps Almost 50% In 3 Months, What About ETC? - NewsBTC

Ethereum Classic saw its hashrate balloon when Ethereum finally moved to a proof of stake mechanism. The miners who were being kicked out of the network and could no longer use their machines had switched to others such as Ethereum Classic and Ravencoin to put their very specific machines to use.


Biggest Movers: ETC Moves Away From Multi-Month Lows, as XMR Extends Recent Gains - Bitcoin

Ethereum classic rallied for a second straight session on Wednesday, following better-than-expected U.S. consumer confidence data. The figures showed that confidence among American consumers rose to the highest level in eight months, with a reading of 108.3. Monero was also higher on the news, as it extended recent gains.


Ethereum Classic bears are emboldened despite the recent bounce, here's why - AMBCrypto

Bitcoin stayed afloat above the $16.6k mark after sinking to $16.2k on Monday (19 December). The sentiment across the market has been bearish in recent days, and it was likely to continue over the week.


Ethereum Classic: Long-term investors can uncover opportunities at this level - AMBCrypto

Ethereum Classic [ETC] attempted a rally but faced massive opposition from the bears. After flipping the critical support around the $18 mark into resistance, ETC broke additional supports as bears took control of the market.


Ethereum Classic: This metric could be a game changer for ETC and its investors - AMBCrypto

Ethereum Classic sees sharp drop in market cap suggesting an increase in sell pressure ETC investor sentiment saw a change and favored the coin at the time of writing Ethereum Classic [ETC] retested its short-term descending resistance line last week. The price delivered a sideways performance rather than a bearish retracement or a bullish breakout.


A $300M addition for Ethereum Classic [ETC] is a sign of... - AMBCrypto

Ethereum Classic whales are back, but momentum is off to a slow start Ethereum Classic [ETC] briefly joined the list of the market's top gainers in the last 24 hours. Many altcoins have found favor with the bulls this week, with quite a few enjoying a bit of an upside too.


Is Ethereum Classic Headed Toward $15? What Could Happen If This Pattern Plays Out - Benzinga

Ethereum Classic (CRYPTO: ETC) was sliding about 3% lower during Wednesday's 24-hour trading session amid cascading fears stemming from the FTX fallout. The lending division of crypto investment bank Genesis Global Trading temporarily halted redemptions and the initiation of new loans Wednesday due to “extreme market dislocation and loss of industry confidence caused by the FTX implosion," DCG vice president Amanda Cowie said.


Ethereum Classic's recent updates look promising, but will they be enough - AMBCrypto

Antpool converted $5 million worth of USDT to ETC  Metrics gave hopes to investors, but the market indicators suggested otherwise Ethereum Classic [ETC], which came into the spotlight a few months ago thanks to the Ethereum Merge, made headlines once again because of several developments in its ecosystem.


ETC Price And Social Dominance Figures Down In Last 7 Days – What's Next? - NewsBTC

Similarly to Bitcoin and other altcoins, ETC (Ethereum Classic) has been severely impacted by the FTX liquidity crisis. CoinGecko data show that the historical performance of the coin on the daily, weekly, biweekly, and monthly time frames is not promising for the ETH fork.

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