Published On: Tue, Jun 12th, 2018

Asian Cryptocurrency Trading Update: Ethereum Classic The Only Winner

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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 …

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