{"id":25543,"date":"2024-01-11T11:00:49","date_gmt":"2024-01-11T11:00:49","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/etc-price-soars-35-as-momentum-takes-ethereum-above-260\/"},"modified":"2024-01-11T11:00:49","modified_gmt":"2024-01-11T11:00:49","slug":"etc-price-soars-35-as-momentum-takes-ethereum-above-260","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/etc-price-soars-35-as-momentum-takes-ethereum-above-260\/","title":{"rendered":"ETC price soars 35% as momentum takes Ethereum above $2,60"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1658213455438-45668b5d-a9d7-4a57-86af-12903fa599f0-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1658213455438-45668b5d-a9d7-4a57-86af-12903fa599f0-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1658213455438-45668b5d-a9d7-4a57-86af-12903fa599f0-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/1658213455438-45668b5d-a9d7-4a57-86af-12903fa599f0-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/ethereum-classic\/\">Ethereum Classic (ETC)<\/a> is one of the top performing coins in the past 24 hours, coming close to breaking above the $30 mark after surging +30% in the period. ETC price reached an intraday high of $29.25 across major exchanges, with trading volume increasing 220% to over $948 million.<\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/ethereum\/\">Ethereum (ETH)<\/a> spiking to above $2,623 on Wednesday has given the altcoin new impetus.\u00a0<\/p>\n<p dir=\"ltr\">While ETC price currently sits around $27.80, it looks poised for a new leg as the crypto market reacts to the eventual approval of the <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin-etf\/\">spot Bitcoin ETF<\/a> by the US Securities and Exchange Commission (SEC).\u00a0<\/p>\n<h2 dir=\"ltr\">ETC price outlook amid spot ETF approval\u00a0<\/h2>\n<p dir=\"ltr\">As Bitcoin looks to strengthen above $46,000 following an initial slip on approval news, Ethereum (ETH) and Ethereum Classic (ETC) are taking the top altcoin market by storm. Market trader Christopher Inks noted:<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24ETC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETC<\/a> pumping hard today. As I&#8217;ve said before, if <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> is rallying then you should expect <a href=\"https:\/\/twitter.com\/search?q=%24ETC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETC<\/a> to rally along with it. <a href=\"https:\/\/t.co\/Q4jg4mGWBX\">pic.twitter.com\/Q4jg4mGWBX<\/a><\/p>\n<p>\u2014 Christopher Inks (Trader\/Market Psychology Coach) (@TXWestCapital) <a href=\"https:\/\/twitter.com\/TXWestCapital\/status\/1745222846966546514?ref_src=twsrc%5Etfw\">January 10, 2024<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">Part of the upbeat mood is down to market\u2019s expectations on what next for Ethereum. Various issuers, <a href=\"https:\/\/coinjournal.net\/news\/blackrocks-move-towards-ethereum-etf-spurs-crypto-market-surge\/\">including BlackRock<\/a> and <a href=\"https:\/\/coinjournal.net\/news\/grayscale-files-to-convert-its-ethereum-trust-into-a-spot-ethereum-etf\/\">Grayscale<\/a>, that just scored the Bitcoin ETF, also eye an Ethereum spot ETF. The world\u2019s second-largest cryptocurrency by market cap is likely next to get the SEC\u2019s nod.\u00a0<\/p>\n<p dir=\"ltr\">Although Ethereum Classic currently has no such applications filed, the anticipation is high with regard to what Bitcoin\u2019s approval and potential Ethereum nod could mean.<\/p>\n<p dir=\"ltr\">Upside momentum for Ethereum Classic is also building up ahead of its Spiral hard fork, set to activate on block 19,250,000 on January 31, 2024. Spiral is a compatibility upgrade that will see the ETC network become compatible with EVM standards enabled by the Ethereum Foundation\u2019s Shanghai upgrade.<\/p>\n<p dir=\"ltr\">As traders and investors take a bullish outlook on Ethereum Classic, it\u2019s possible a breakout above $30 could bring the $50 mark into play. Positive sentiment amid further altcoin rallies would put bulls in control.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/ethereum-classic-soars-as-momentum-takes-ethereum-above-260\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Ethereum Classic (ETC) is one of the top performing coins in the past 24 hours, coming close to breaking above the $30 mark after surging +30% in the period. ETC price reached an intraday high of $29.25 across major exchanges, with trading volume [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25543"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25543"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25544"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}