Bearish
Ethereum Classic (ETC) declines 3.6% amid broader crypto market selloff
Over the past 24 hours, Ethereum Classic (ETC) experienced a 3.6% decline, aligning with a broader risk-off sentiment in the cryptocurrency market. This downturn was influenced by macroeconomic factors, including higher-than-expected U.S. Producer Price Index (PPI) inflation and a 25 basis point interest rate hike by the European Central Bank. Additionally, rising oil prices and bond yields contributed to the overall market selloff.
Key points
- Macro-driven selloff: The cryptocurrency market faced a broad selloff due to macroeconomic factors, with total market capitalization decreasing by approximately 3% in the past 24 hours.
- Technical pullback: After a strong multi-week rally, Ethereum Classic experienced a technical pullback, with its price drifting from around $7.9 to $7.6 over the past 24 hours.
- Orderly profit-taking: The decline in Ethereum Classic's price was characterized by gradual weakness on lower trading volumes, indicating orderly profit-taking rather than panic selling.
Sources
- Ethereum Classic Drops 3.6% Amid Macro Risk-Off DayCoinMarketCap · September 11, 2026
- Ethereum Classic Surges 3.25%: Structural and Speculative MoveCoinMarketCap · September 9, 2026
- Ethereum Classic Rides ETH Rally to 3.2% GainCoinMarketCap · March 13, 2026
- Ethereum Classic Declines 4.3% Amid Broad Crypto Risk-OffCoinMarketCap · June 4, 2026
AI-generated from public news sources. Not financial advice.
