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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 is among today's best performers, while the rest of the market sits quietly.
The origin of Ethereum Classic (ETC) dates back to 2016 when the smart contract operating on the Ethereum blockchain called, The DAO, collapsed due to a massive hack. The genesis blockchain was then split in two, Ethereum and Ethereum Classic, similar to how Bitcoin split into Bitcoin and Bitcoin Cash back in 2017.
The cryptocurrency market has suffered some significant setbacks during 2022, but some of its assets have performed better than others, particularly in terms of returns per month, a new yearly report has revealed.
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 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.
Catch up on the latest crypto market news at The Currency Analytics. Ethereum Classic is an open source, blockchain-based distributed computing platform featuring smart contract functionality.
ETC formed a symmetrical triangle chart pattern and was in a bearish market structure. A convincing breakout to the downside could find new support at $14.27.
The Crypto space has been slowly garnering the attention of industrial investors. In order to attract newbies, unique crypto projects have been brewing in the market. Ethereum Classic (ETC) is one such project that thrives to enable developers to build and deploy smart contracts.
Top US crypto exchange Coinbase says it will end support for crypto assets with low usage on its self-custody digital wallet. According to Coinbase Wallet, it will pull out the plug for XRP, Stellar (XLM), Bitcoin Cash (BCH) and Ethereum Classic (ETC) by next year.
Even though the overall market valuation for cryptocurrencies has fallen below $800 billion, data reveals a few reasons why some crypto are bullish. Polkadot (DOT) and Ethereum Classic (ETC) are hitting new peaks, signaling a sellout or buyout.
Due to low usage, Coinbase Wallet has said that it will stop providing services for BCH (Bitcoin Cash), ETC (Ethereum Classic), XRP (Ripple), and XLM (Stellar) starting in 2019.
Coinbase Wallet will, on December 5, cease supporting the four crypto tokens, with the exchange citing low activity.
Coinbase wallet decided to end support for these four altcoins owing to low usage.
America's biggest cryptocurrency exchange, Coinbase, has announced the delisting of four major cryptos including, XRP and Ethereum Classic (ETC).
Coinbase Wallet will no longer support four major tokens: Bitcoin Cash (BCH), Ethereum Classic (ETC), Stellar Lumen (XLM), and Ripple (XRP).
According to a recent business blog post, the leading cryptocurrency exchange in the United States, Coinbase Global Inc., revealed that as of January 2023
The choice is due to the low usage of the cryptocurrencies
Coinbase is dropping support for Bitcoin Cash, XRP, Stellar Lumens, and Ethereum Classic after reporting a major drop in interest and use from its clients.
Starting Dec. 5, Coinbase (NASDAQ: COIN) will no longer support major tokens including Bitcoin Cash (CRYPTO: BCH), Ripple (CRYPTO: XRP), Ethereum Classic (CRYPTO: ERC) and Stellar Lumen (CRYPTO: XLM), among others. What Happened: According to Coinbase, "low usage" is the reason it decided to stop the support of the four tokens.
Coinbase Wallet will stop supporting Bitcoin Cash, Ethereum Classic, Stellar and XRP Ledger. It is stopping support of these assets as of January 2023 due to “low usage,” Coinbase said in a note on its help and troubleshooting website.
The top U.S. cryptocurrency exchange's wallet will no longer support BCH, ETC, XLM and XRP due to "low usage."
Starting December 5, Coinbase Wallet will oust a number of cryptocurrencies from its supported assets. These include BCH, ETC, XLM, and XRP.
America's biggest crypto exchange has scrapped a number of assets from its self-custody mobile app citing waning customer interest.
