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Ethereum price tops $1,600, Ethereum Classic (ETC) soars 22%

By:C, Fiona
Last updated:07/19/2022
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Ethereum Classic (ETC) was the biggest winner among the top 100 cryptocurrencies at Tuesday morning trading, gaining 22% over the past day.

 

Ether (ETH) hit a high of US$1,610 on Tuesday morning, before falling back to $1,521 at press time, according to data from CoinMarketCap.

 

Fast facts

  • The world’s second-largest cryptocurrency by market capitalization was up over 26.6% since Saturday in its surge to “The Merge,” the blockchain’s much-anticipated move to proof of stake (PoS), tentatively set for Sept. 19.

 

  • Ethereum Classic (ETC) was the day’s biggest winner among the top 100 cryptocurrencies at Tuesday morning trading, gaining 22% over the past day.

 

  • Bitcoin was trading at $22,071, up about 3.59% over the past 24 hours, according to CoinMarketCap data, extending a cryptocurrency rally that started on Sunday.

 

  • Major cryptocurrencies and traditional markets have been battling concerns of a possible recession, rising inflation, uncertainty caused by the war in Ukraine and a growing list of crypto companies lining up for bankruptcy proceedings.

 

Read More:

Ethereum Price Prediction 2022, 2025, 2030: Will ETH Reach $5,000 in 2022?

Ethereum Merge Upgrade: May Be ETH’s Chance to Outpace Bitcoin

Ethereum Merge (Ether 2.0) Explained: Everything You Need to Know And Why It Matters

Terra LUNA 2.0 And LUNA Classic (LUNC): Get It All in One Guide

TerraUSD (UST) price prediction: USTC is no longer a stablecoin but can it back up?

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