• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: BREAKING: Valkyrie Secures Green Light For Ethereum Futures ETF, Trading Launching Tomorrow
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: BREAKING: Valkyrie Secures Green Light For Ethereum Futures ETF, Trading Launching Tomorrow
Ethereum Classic ETC
Sensei Inu Logo

Asian Cryptocurrency Trading Update: Ethereum Classic The Only Winner

Martin Young by Martin Young
5 years ago
in Cryptocurrency Market News, Market Wrap
Reading Time: 2 mins read

FOMO Moments

Current performing altcoins are Ethereum Classic, Binance Coin, Qtum and Bitcoin Diamond.

The massive selloff that initiated with a huge crypto dump on Sunday has continued into the week. Monday saw further losses and those have been extended into today as markets continue to fall. Bitcoin has reached what could be a temporary bottom at around $6,850, it has leveled off and clawed back around a percent over the past 24 hours. Ethereum is still dropping, down to around $530 where it seems to have leveled out for now. After the beating altcoins have taken in the past 48 hours they seem to have reached a plateau though many are still falling and there is a lot of red across the boards. There is only one big pump going on today and that is Ethereum Classic.

Coimmarketcap is reporting a 25% spike for ETC which started 3-4 hours ago. Currently trading at around $16.10 Ethereum Classic jumped from $13 this time yesterday. Looking back at the week ETC has clawed back all losses from the crash, it was trading at around $15 this time last Tuesday. Over the month however Ethereum Classic is still down around 6% despite this current surge. It was trading at around $17 this time last month. Against Bitcoin ETC has gained 21% on the day to trade at 231800 satoshis from 192000 sats this time yesterday. Weekly gains on BTC have been closer to 13%, up from 202000 satoshis this time last week.

The big pump has come from the Coinbase announcement that it will soon be supporting Ethereum Classic and adding the altcoin to its listings. The company blog stated;

“We are pleased to announce our intention to add support for Ethereum Classic (ETC) to Coinbase in the coming months. We are announcing this both internally and to the public consistent with our process for adding new assets.”

As traders jumped in on the action Binance announced that it would also be listing Ethereum Classic/Tether and ETC/BNB pairings;

#Binance Adds #ETC/BNB and $ETC/USDT Trading Pairshttps://t.co/YUUUcIWSAO pic.twitter.com/z0XoxOuFjV

— Binance (@binance) June 12, 2018

Most of the trade volume at the moment is being handled by OKEx with around 25% of the total. Binance is the second most popular exchange with the only pairing it offered up until an hour or so ago; ETC/BTC. Trade volume has spiked from $187 million to $440 million in 24 hours and market cap for Ethereum Classic has risen to $1.6 billion pushing it up to 18th spot.

ETC is the only bright spot in a bearish market at the moment. Total capitalization has remained level on the day at around $300 billion but has shed $50 billion over the past three days. Most altcoins are still falling however one or two are performing during Asian trade this morning and they include Binance Coin up 10%, Qtum climbing 5%, and Bitcoin Diamond 9% higher.

More on Ethereum Classic can be found here: https://ethereumclassic.org/

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.

Tags: Asian trading sessionBinancecoinbaseETCEthereum ClassicFOMOFOMO moments
Tweet123Share196ShareSend
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Related Posts

Bitcoin Cash

Bitcoin Cash Bulls Charge: 13% Price Rally Driven By Fresh Demand

3 hours ago
Ether Futures

FTX Exploiter Transfers 5,000 ETH Ahead Of Ether Futures ETF Launch

17 hours ago
Ethereum ETF

Ethereum ETF: Valkyrie Halts Purchase Of ETH Futures Contracts

20 hours ago
Cardano

The Most Impressive Highlights From The Cardano Development Report

21 hours ago
Meme coin

Crypto Analyst Reveals Which Meme Coin Will Topple Dogecoin In The Bull Market

23 hours ago
Tron

Tron TVL Balloons To Over $15 Billion: DeFi Growth Evident?

24 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • Investing in Trading 212: Is the Risk Worth the Reward?

    24 hours ago
  • Bitcoin Spark: Cross-Chain with Polygon, BSC, and Cosmos

    2 days ago
  • Explosive Surge: Curve DAO and Everlodge on a Wild Pumping...

    2 days ago
  • The DeFi Big Three: Solana (SOL), Chainlink (LINK), and...

    2 days ago
  • Plus 500 Reviews Get Moderate Risk Rating From Trading...

    2 days ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.