Why Bitcoin Cash And Ethereum Classic Are Falling

Henry Khederian

February 29, 2024

Bitcoin Cash (CRYPTO: BCH) and Ethereum Classic (CRYPTO: ETC) are trading lower by 3.5% to $308.14 and 4.7% to $29.72 Thursday afternoon. Shares of several crypto-related stocks and altcoins are falling, pulling back following recent, marked strength in Bitcoin after the apex crypto pulls back from $63,000.

Bitcoin is the largest and most well-known cryptocurrency. As such, its price movements often influence the overall sentiment in the cryptocurrency market.

When Bitcoin experiences a significant drop or rise, it can trigger similar movements in other cryptocurrencies like Bitcoin Cash and Ethereum due to investors’ reactions to the broader market sentiment.

See Also: Why Crypto-Related Stock Bakkt Is Falling

Bitcoin, Bitcoin Cash and Ethereum also share some technical similarities as cryptocurrencies, including blockchain technology and consensus mechanisms.

Changes in the technical aspects of one cryptocurrency, such as upgrades or scalability issues, can impact market perceptions of other cryptocurrencies with similar technical features.

What’s Going On With Crypto?

US spot Bitcoin ETFs have reached a new peak with daily inflows of $676.8 million, indicating a strong bullish trend. Major contributors include iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund.

Despite Grayscale Bitcoin Trust experiencing outflows, the overall sentiment remains positive, with total inflows nearing $7.4 billion…Read More

Recommended

Legally "Skim" $6,361 Into Your Account? - Ad

Nvidia About to Crash? Predictive AI Tech Issues Forecast That Could Shock Entire Market - Ad

Revealed: The "Unauthorized" List of Nvidia's Silent Partners - Ad

Popular

Why A Bitcoin Thanksgiving Rally Is Probably Not Happening: 10x Research

Bitcoin's (CRYPTO: BTC) 24% slide over the past month has traders looking to macro catalysts for direction, but 10x Research says the market may be looking at

What's Up With The Jump In Oracle Stock Today?

Oracle Corp (NASDAQ:ORCL) shares are trading higher on Wednesday following an analyst update. Here's a look at what's going on.

Trump Signs Law to Launch Dollar 2.0

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Why Opendoor (OPEN) Shares Are Waking Up This Week

Opendoor shares are trading flat Wednesday afternoon, as the stock takes a breather following a sharp double-digit rally earlier in the week.

Enhanced Games to offer performance enhancers ... and stock ... to the public

The no-drug-testing Enhanced Games is going public in two ways — with a new listing on the Nasdaq stock exchange and also by offering a direct-to-consumer business focused on performance products in a move it says “aims to democratize access to performance enhancement tools and protocols.”

Elon's Optimus to Mint New "Musk Millionaires" as Soon as Jan 26?

Elon's Optimus to Mint New "Musk Millionaires" as Soon as Jan 26? - Ad

Elon Musk may be set to create more "Musk Millionaires" as soon as January 26... Because on that day, he's expected to officially launch his Optimus robot... An AI-powered robot that Elon himself says will be capable of "doing anything bar nothing". Now, it's important to point out that Elon hasn't released it to the public yet... But ahead of the launch, one Silicon Valley insider has identified a "backdoor way" for any American to invest in Optimus with a regular brokerage account...

EPAM Confident On Growth, Initiates $1 Billion Stock Buyback

EPAM Systems (EPAM) stock gained 4.41% after reporting strong third-quarter 2025 results, with sales of $1.394 billion.

Marjorie Taylor Greene Buys Blue Chip Stock Near 52-Week Low

Marjorie Taylor Greene is known for buying multiple stocks at a time, based on recent disclosures. A new filing shows one stock bought in November.

Nvidia's 3 New "Unauthorized" Silent Partners

Nvidia's 3 New "Unauthorized" Silent Partners - Ad

Without Nvidia, AI stops. But AI's undisputed leader can't do it all by themselves. Nvidia depends on companies who help make their revolutionary tech possible. These technologies need Nvidia and Nvidia needs these Silent Partners.

Shein faces European Union scrutiny over child safety and illegal products

LONDON (AP) — European Union regulators are stepping up scrutiny of Shein's safety measures after French authorities found illegal weapons and on the fast-fashion company's website.

Warren Buffett Only Has Couple Of Rules For People Who Want To Work For Him, But Here's One Habit He Particularly Detests

Buffett instructs Berkshire Hathaway employees to think like owners and report bad news immediately. He values long-term investments and integrity.

Why Is a $116B Mining Giant Backing a $10M Firm?

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Rio Tinto rarely makes early-stage bets. Yet one small N. American firm earned its trust with projects in lithium, uranium, and titanium - all vital to U.S. defense and energy independence.

Trump attacks ABC News correspondent Mary Bruce in angry response to three sharp questions

NEW YORK (AP) — President Donald Trump denounced ABC News' Mary Bruce as a “terrible reporter” Tuesday and threatened the network's license to broadcast after she asked him three sharp questions at the White House.

AstraZeneca's Investigational Hypertension Drug Shows Significant Blood Pressure Control In Pivotal Trial

AstraZeneca's Baxdrostat cut blood pressure by 14 mmHg in the Phase 3 Bax24 trial, showing strong efficacy and safety in resistant hypertension patients.

Global Demand for Defense Metals Is Surging 7X

Global Demand for Defense Metals Is Surging 7X - Ad

Lithium, uranium and titanium are at the center of a global race. Nations are scrambling to secure them for fighter jets, EVs, and reactors. One N. American project could help fill the West's critical-minerals gap.

Trump-Pardoned Ponzi Schemer Faces 37-Year Sentence For $44 Million COVID Scam

A previously convicted Ponzi schemer who had received a pardon from President Trump is heading back to prison due to involvement in a new fraudulent scheme.

Tesla Sets A New Sales Record, But Not In America

Tesla set several records in the third quarter. The company now has a big annual record set, but its not for the American market.

The U.S. Wants Metal Independence - And This Nevada Opportunity Fits the Moment

The U.S. Wants Metal Independence - And This Nevada Opportunity Fits the Moment - Ad

Washington's push for domestic copper, silver, gold, and tungsten is reshaping the resource landscape. Their neighbor's multi-metal hits, supported by $6M in federal funding and a 300%+ YTD surge, confirmed this Nevada corridor is the right kind of ground. Now another early-stage explorer has stepped into the same trend as interest accelerates.

Warren Buffett Initiates Alphabet Position, Trims Apple In Q3 — Here Are Berkshire's Moves

Warren Buffett's Berkshire Hathaway took a new stake in a member of the Magnificent Seven, while lowering its stake in Apple in the third quarter.

Shaquille O'Neal's Parenting Strategy: Sons Must Leave Home at 18, Daughters Can Stay Indefinitely: 'I Like My Girls a Little Bit Better'

Shaquille O'Neal once disclosed his unconventional parenting approach, stating that he prompts his sons to leave home at 18, while his daughters are allowed to stay as long as they wish.

AI Tech in Baltimore Lab Learns to Forecast Stock Prices (See its Live Calls on NVDA, AMZN, TSLA - For Free)

AI Tech in Baltimore Lab Learns to Forecast Stock Prices (See its Live Calls on NVDA, AMZN, TSLA - For Free) - Ad

The same AI tech being used to save 50 lives per year in California hospitals has now learned to forecast U.S. stock prices with remarkable results.

Furor over editing of Trump speech sparks 'existential crisis' at the BBC

LONDON (AP) — The of two top bosses over the editing of a speech by U.S. President Donald Trump dealt a huge blow to the broadcaster, which is revered by some in Britain as a national treasure but derided by others as outdated and left-leaning.

'Rich Dad Poor Dad' Author Robert Kiyosaki Warns Of Crash In BTC, ETH, Gold, Silves Prices, But Says He's Buying, Not Selling: Here's Why

Robert Kiyosaki, author of “Rich Dad Poor Dad,” has shared his investment strategy amid predictions of an economic downturn.

Legally "Skim" $6,361 Into Your Account?

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

Cathie Wood Bets Big On These Stocks As Bitcoin, Ethereum Crash —Dumps Instagram Rival

On Tuesday, Cathie Wood-led Ark Invest made significant trades, notably increasing its holdings in Bullish (NYSE:BLSH), Coinbase Glo

Hours After Marjorie Taylor Greene's Public Rebuke, Trump Responds With Restraint: 'She's A Nice Person'

President Trump has changed his perspective on MTG after her unexpected resignation from Congress.

Nvidia About to Crash? Predictive AI Tech Issues Forecast That Could Shock Entire Market

Nvidia About to Crash? Predictive AI Tech Issues Forecast That Could Shock Entire Market - Ad

The same AI tech used to prevent heart failure and grid blackouts can now "see ahead" in the U.S. stock market in a way that sounds like science fiction.

Some Social Security Recipients Won't Have To Wait Until 2026 For COLA Hike

Social Security and SSI recipients will receive a 2.8% cost-of-living adjustment in 2026, with SSI beneficiaries seeing the increase a day earlier due to a federal holiday.

Starbucks' Bearista Cup Resale Market Explodes, Labubu-Level Frenzy Ensues

Starbucks has seen a surge in demand for its collectible holiday merchandise, with the Glass Bearista Cold Cup becoming the latest sensation.

Revealed: The "Unauthorized" List of Nvidia's Silent Partners

Revealed: The "Unauthorized" List of Nvidia's Silent Partners - Ad

Nvidia recently became the world's first $5 trillion company. But Nvidia has not ascended alone... several companies working with them over the years have also done well. But many of these companies are not found on any authorized list by Nvidia. That's why I'm calling them Nvidia's "Unauthorized" Silent Partners.

Lebanon's most wanted drug trafficker taken into custody, authorities say

BEIRUT (AP) — Lebanon's most wanted drug trafficker was arrested Thursday after years on the run, authorities said.

TSLA, PLTR, IREN And More: 5 Stocks That Dominated Investor Buzz This Week

Retail investors talked up five hot stocks this week (Nov. 3–7) on X and Reddit's r/WallStreetBets: TSLA, PLTR, MSTR, AMD, IREN.

Trump Signs Law to Launch Dollar 2.0

Trump Signs Law to Launch Dollar 2.0 - Ad

Steven Cohen, Jeffrey Smith, Paul Singer Are Buying BILL At Around $50 — Even After 40% YTD Collapse

3 billionaire hedge funds each bought ~ $50 shares of BILL stock, signaling that it's undervalued.

Consumer Tech News (Nov 3-7): Trump Blocks Nvidia Blackwell AI Chip Exports, China Bans Foreign AI Chips In Data Centers & More

Trump Blocks Nvidia AI Chip Exports, U.S.-China Tech Tensions Rise As Palantir, Spotify, Uber, AMD, Microsoft, Tesla, SpaceX, Google, And OpenAI Drive AI Expansion

Elon's Optimus to Mint New "Musk Millionaires" as Soon as Jan 26?

Elon's Optimus to Mint New "Musk Millionaires" as Soon as Jan 26? - Ad

Pfizer clinches deal for obesity drug developer Metsea after a bidding war with Novo Nordisk

NEW YORK (AP) — U.S. pharmaceutical giant Pfizer signed a deal to purchase development-stage obesity drugmaker Metsera Inc., winning a bidding war against Novo Nordisk, the Danish drugmaker behind weight-loss treatments Ozempic and Wegovy.

Autopilot App, Inspired by Pelosi's Stock Trades, Now Manages $1 Billion

Autopilot, an application that monitors the stock trades of prominent individuals, has secured $8 million in funding to broaden its operations.

Nvidia's 3 New "Unauthorized" Silent Partners

Nvidia's 3 New "Unauthorized" Silent Partners - Ad

Trump's Tariffs Face Doubts In Supreme Court: 'Major Questions Doctrine' Looms Large Amid Debate Over President's Emergency Powers

The U.S. Supreme Court raised doubts regarding President Donald Trump's authority to impose sweeping tariffs using a decades-old emergency powers law.

Trending Now

Cipher Mining Amplified: New 2x ETF Lets Traders Double Down On Bitcoin Miner

Autodesk's Strong Quarter Validates Analyst Optimism As Infrastructure, AI Drive Gains

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Baxter Warns Of Potential Device Tampering In Life2000 Ventilator Recall

CleanSpark's AI Bet Heats Up With Multibillion Colocation Deals On The Table

Global Demand for Defense Metals Is Surging 7X - Ad

XRP Surges 7% As ETFs Get Ready To Launch: How High Can It Go?

These 8 Democrats voted with Republicans on the government shutdown deal. Here's how they explain it

The U.S. Wants Metal Independence - And This Nevada Opportunity Fits the Moment - Ad

Marjorie Taylor Greene Goes Bargain Shopping, Discloses Buying These Two Stocks At 52-Week Lows

Veterans Day: What's open, what's closed

AI Tech in Baltimore Lab Learns to Forecast Stock Prices (See its Live Calls on NVDA, AMZN, TSLA - For Free) - Ad

Joan Branson, wife of British billionaire Richard Branson, dies at 80

These are the 37 donors helping pay for Trump's $300 million White House ballroom

Legally "Skim" $6,361 Into Your Account? - Ad

Scott Bessent Says No 'Formal Proposal' Yet From Trump On Plan To Scrap Obamacare As President Pushes For Direct Payments

Iran confirms seizure of oil tanker in the Strait of Hormuz

Nvidia About to Crash? Predictive AI Tech Issues Forecast That Could Shock Entire Market - Ad

Step Aside Nvidia. Google is Coming.

Trump Withdraws Support For 'Wacky' Marjorie Taylor Greene In Sudden, Fiery Split: 'I Can't Take...'

Revealed: The "Unauthorized" List of Nvidia's Silent Partners - Ad

How To Earn $500 A Month From HP Stock Ahead Of Q4 Earnings

Cipher Mining Stock Pops As JPMorgan Moves To Overweight

Trump Signs Law to Launch Dollar 2.0 - Ad

Cameron Winklevoss Digs Up News Report From 2013 To Make A Point About Bitcoin: 'You Will Miss Out On The World's Greatest Opportunities...'

Zohran Mamdani Says No More Thanking Veterans Today, Forgetting Tomorrow — Trump, Obama And Others Express Gratitude For Service

Elon's Optimus to Mint New "Musk Millionaires" as Soon as Jan 26? - Ad

AT&T reached a $177M data breach settlement. What consumers should know about claiming their money

As Black women face unemployment challenges, a roundtable of policymakers searches for solutions

Nvidia's 3 New "Unauthorized" Silent Partners - Ad

Spotify Plans First US Price Hike Since 2024 As Profit Pressure Mounts Despite Strong User Surge: Report

Bernie Sanders Says Shutdown Fight Is About Trump Giving Trillion-Dollar Tax Breaks To 'Mr. Musk, Mr. Bezos' And Other Billionaires: 'Must Not Cave'

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Cathie Wood Makes $13.4 Million Bet On This Social Network After Earnings Crash — But Dumps Robinhood And Reddit

Investigators look into 'repeating bell' heard during takeoff of UPS cargo plane that crashed

Global Demand for Defense Metals Is Surging 7X - Ad

Anthony Scaramucci Calls Zohran Mamdani's Win An 'Anger-Based Reaction' To Boomer Policies, Says New NYC Mayor Could Become 'Popular' If...

Bitcoin, Ethereum, Dogecoin, XRP Jump On Hopes Government Shutdown Will End: Arthur Hayes Predicts BTC '2 Da Moon' As 'Printing Money' Begins Again

The U.S. Wants Metal Independence - And This Nevada Opportunity Fits the Moment - Ad

Trump Calls for End to Obamacare, Wants Funds To 'Be Sent Directly to the People'

Indians who fled a Myanmar cyberscam center are being flown home from Thailand

AI Tech in Baltimore Lab Learns to Forecast Stock Prices (See its Live Calls on NVDA, AMZN, TSLA - For Free) - Ad

'No hire' job market leaves unemployed in limbo as threats to economy multiply

Denmark eyes new law to protect citizens from AI deepfakes

Legally "Skim" $6,361 Into Your Account? - Ad

Scott Bessent Says Democrats Wanted To Stop Trump Agenda At Any Cost: 'The Shutdown Was Never About Healthcare'

Affirm Holdings Posts Q1 Beat, Is 'Firing On All Cylinders': Analysts

Nvidia About to Crash? Predictive AI Tech Issues Forecast That Could Shock Entire Market - Ad

GOP Senators Applaud Trump's Nvidia Advanced Chip Ban As Jensen Huang Warns China Could Dominate AI Race — Urges US To Race Ahead By Doing This

Trump administration moves to loosen restrictions it once supported on a harmful pollutant

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.