Ethereum Classic (ETC) surged 30% in the past week, following Bitcoin’s all-time high and Donald Trump’s election victory. Analysts believe Trump’s pro-business policies could create a favorable environment for cryptocurrencies, especially for Ethereum Classic due to its decentralized governance and focus on immutability.
Ethereum Classic (ETC) has seen a 6% price jump in the past week, riding the wave of a broader crypto market rally driven by inflows into Bitcoin and Ethereum ETFs. This surge in investor interest is linked to political dynamics in the US, with a perception that the Republican party, which currently enjoys increased support, is more crypto-friendly.
Ethereum Classic (ETC) is on the rise, driven by anticipation of a Federal Reserve interest rate cut. The potential for lower rates makes traditional investments less appealing, pushing investors toward alternative assets like cryptocurrencies. This shift, coupled with the dollar’s weakening, increased liquidity, and higher risk appetite, is creating a favorable environment for ETC and the broader cryptocurrency market.
