Why Ethereum Classic Is Moving
Published by
Benzinga
Benzinga
Ethereum Classic (CRYPTO: ETC) is trading higher by 7.8% to $19.87 over the trailing week. Several altcoins have been volatile amid recent, broader strength in cryptocurrencies. Bitcoin (CRYPTO: BTC) recently soared above $40,000 following MicroStrategy’s mammoth purchase of 16,130 Bitcoins worth $608 million, each at an average price of $36,785. This substantial acquisition reinforced both Bitcoin’s worth and investor trust. MicroStrategy’s total Bitcoin stash now amounts to 174,530 coins bought at an average of $30,252 per coin. Additionally, the U.S. Securities and Exchange Commission (SEC)…