Crypto
Ethereum Classic's 3.48% Drop Tied to Broader Crypto Market
Ethereum Classic (ETC) experienced a 3.48 percentage point drop over approximately 14 hours, but it's not due to any ETC-specific fundamental news.
The move is best explained by a broad crypto market pullback combined with short-term technical and derivatives flows.
Total crypto market cap fell from about $2.96 trillion to $2.86 trillion over the past 24 hours, a decline of roughly 3.28%. ETC is down about 3.14% on a 24-hour basis.
The bulk of ETC's move can be attributed to general risk-off behavior and profit-taking across crypto.