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Why Ethereum Classic Is Getting Hammered Today

www.benzinga.com

Shares of several popular altcoins, including Ethereum Classic (CRYPTO: ETC), are trading lower again Saturday afternoon in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto Ethereum (CRYPTO: ETH).  Crypto has traded lower this week in tandem with major U.S. indices, which are also experiencing marked weakness after.

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Bitcoin ETC
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Timeline of Ethereum-classic


Why Ethereum Classic Is Nosediving Again Today - Benzinga

Shares of several popular altcoins, including Ethereum Classic (CRYPTO: ETC), are trading lower again Monday in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto Ethereum (CRYPTO: ETH).  Crypto is likely trading lower in tandem with major U.S. indices, which are lower following worse-than-expected May CPI.


Ethereum Classic [ETC] and why it is one of the worst hit large cap coins - AMBCrypto

As the cryptocurrency market embarks on another round of capitulation, an era of touching newer lows appeared to have been ushered in for most altcoins. Yesterday, the market capitalization for the global cryptocurrency market dropped to $1.19 trillion, from an all-time high of $3.08 trillion in November, 2021.


Why Ethereum Classic Is Getting Hammered Friday - Benzinga

Shares of several popular altcoins, including Ethereum Classic (CRYPTO: ETC), are trading lower in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto Ethereum (CRYPTO: ETH).  Crypto is likely trading lower in tandem.


Ethereum Classic (ETC) Soars 9% As ETH Crashes, Here's Why - Coingape

Ethereum Classic's (ETC) price surged more than 9% in the last 24 hours, with trading volume jumping 40%. The rally is fueled by instability in the Ethereum Beacon Chain that underwent block reorganization, questioning the stability of transitioning to proof-of-stake (PoS).


Did Ethereum Classic [ETC] climb above a recent high-volume node - AMBCrypto

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin climbed back above the $30k mark in recent hours, and the Bitcoin Dominance metric was falling on 17 May. This could be an early sign that, over the next couple of days, altcoins could


Ethereum Classic: After flipping a 14-month support, here's what to look out for in ETC - AMBCrypto

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Ethereum Classic (ETC) has been on a swift withdrawal phase after reversing from its year-long trendline resistance near the $52-mark.


Will Ethereum Classic's [ETC] recovery from this significant level sustain - AMBCrypto

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Ethereum Classic has been in a downtrend throughout April, although this trend has been interspersed by strong bounces in price.


Ethereum Classic [ETC] presents a good shorting opportunity thanks to this - AMBCrypto

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin rose from the $38k support level to trade at $39.7k at the time of writing. On the charts, $39.8k is a resistance level, as is $40.5k for BTC.


Ethereum Classic (ETC) Drops By 40% Since April Highs - BeInCrypto

While Ethereum Classic (ETC) is trading inside a short-term bullish pattern, it has yet to show any decisive bullish signs. The post Ethereum Classic (ETC) Drops By 40% Since April Highs appeared first on BeInCrypto.

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