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Sunday, February 25, 2024
More
    bitcoin
    Bitcoin (BTC) $ 51,651.84
    ethereum
    Ethereum (ETH) $ 3,031.36
    tether
    Tether (USDT) $ 1.00
    bnb
    BNB (BNB) $ 382.63
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 0.545141
    binance-usd
    BUSD (BUSD) $ 1.00
    dogecoin
    Dogecoin (DOGE) $ 0.086144
    cardano
    Cardano (ADA) $ 0.590012
    solana
    Solana (SOL) $ 102.68
    matic-network
    Polygon (MATIC) $ 0.973105
    polkadot
    Polkadot (DOT) $ 7.73
    tron
    TRON (TRX) $ 0.137551

    Santiment Pointed to This Altcoin Exploding After Bitcoin ETF Approval! Answered the Query of Will the Rise Proceed?

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    BuyBitcoinsWithUsdEur

    Whereas BTC’s response remained restricted after the SEC’s spot Bitcoin ETF approval, altcoins recorded good will increase.

    At this level, whereas altcoins reminiscent of Etherum (ETH), Ethereum Traditional (ETC) and Arbitrum (ARB) attracted consideration with their rise, Santiment examined ETC.

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    Whereas ETH elevated by 8% within the final 24 hours, ETC elevated by 31% and ARB elevated by 14%.

    ETC rose above $26 for the primary time since October 2022, with its rise following the spot Bitcoin ETF approval announcement.

    Stating that this rise was as a result of enhance in ETC commerce quantity, Santiment stated that buyers confirmed nice curiosity in ETC.

    Commenting on whether or not ETC’s rise and investor curiosity will proceed, Santiment stated that regardless of the rise in transaction quantity, ETC sentiment is impartial for now, and it’s not clear whether or not the rise will proceed or not.

    “Ethereum Traditional skilled a speedy breakout following the Bitcoin ETF announcement, rising above $26 for the primary time since October 2022.

    The rise in worth is as a result of enhance in ETC buying and selling quantity and signifies nice curiosity from buyers.

    “Regardless of the rise in buying and selling quantity, buyers’ sentiment in the direction of ETC stays impartial for now.”

    ETC continues to commerce at $27.96 on the time of writing.

    📈 #EthereumClassic has blasted off following the #BitcoinETF announcement, reaching above $26 for the primary time since October, 2022. Buying and selling quantity has surged, indicating main dealer curiosity. Nevertheless, $ETC sentiment nonetheless seems impartial for now. https://t.co/LhebnauCQX pic.twitter.com/wEf3ujmqH6

    — Santiment (@santimentfeed) January 11, 2024

    *This isn’t funding recommendation.

    See also  Cardano Founding Entity EMURGO Lays Out Roadmap for 2024

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