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

From Strong to Stunning: New Drill Hole Sets a New Bar - Ad

Congress to Feature Trump on $100 Bill? - Ad

Copper and Gold in Scale, Not Just Grade - Ad

ATLANTA (AP) — The music artist and entertainment executive Usher is suing a group of investors who have been trying to open a new restaurant and lounge in Atlanta.

Leaked Documents Unveil Meta's $16 Billion Revenue Projection From Scam Ads

Leaked internal documents have revealed that Meta projected a revenue of approximately $16 billion from scam advertisements and banned goods in 2024.

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.

Average US long-term mortgage rate ticks up to 6.22% after four straight weekly declines

The average rate on a 30-year U.S. mortgage ticked up for the first time in five weeks after falling to its lowest level in more than a year last week.

Cathie Wood Confirms $1 Million Bitcoin Price Target Despite Market Volatility

Cathie Wood, CEO of ARK Invest, remains confident in Bitcoin‘s (CRYPTO: BTC) future, even in the face of market volatility.

"Tech Prophet" Who Predicted the iPhone Now Predicts...

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit the most.

Trump Orders DOJ Probe Into Meat Packing Companies Over Alleged Price Manipulation

Trump directed the Justice Department to investigate major meatpacking companies for alleged price manipulation and foreign influence.

Trump tariffs face Supreme Court test in trillion-dollar test of executive power

WASHINGTON (AP) — President power to unilaterally impose far-reaching is coming before the Supreme Court on Wednesday in a pivotal test of executive power with trillion-dollar implications for the global economy.

The Market Just Crossed a Dangerous Line

The Market Just Crossed a Dangerous Line - Ad

The man who predicted the 2008 crash and 2020 says today's soaring markets are NOT a bubble - they're something far stranger and more dangerous. He says it's about to change everything you know about money.

Belgian farmer sues French energy giant for damage caused by climate change

TOURNAI, Belgium (AP) — A Belgian farmer is facing off against oil giant TotalEnergies in court on Wednesday, arguing the French company should pay for damage caused by in the latest lawsuit by environmental activists against big energy companies.

Trump's 50-Year Mortgage Plan, Sanders Critiques Musk, Trump Backs Crypto And More: This Week In Politics

Weekend headlines: Trump's 50-year mortgage plan, Sanders criticizes Musk, Trump backs crypto, Scaramucci on NYC mayor, Mamdani challenges Trump.

Bloomberg says AI is a $50 trillion revolution.

Bloomberg says AI is a $50 trillion revolution. - Ad

And at the center of it... isn't NVIDIA. It's a tiny supplier NVIDIA cannot live without. Insiders like Griffin and Druckenmiller are dumping NVIDIA shares... and quietly piling into this obscure stock. And with NVIDIA set to make a major announcement on December 19 at 5pm, time is running out.

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

President Donald Trump said he is withdrawing his endorsement of longtime ally Rep. Marjorie Taylor Greene — here's what happened.

France threatens to block Shein over sale of childlike sex dolls ahead of Paris store opening

PARIS (AP) — French authorities have warned they may block access to after it emerged that the online fast fashion giant had been selling sex dolls with a childlike appearance.

Metals... Not Missles... Is the New Arms Race

Metals... Not Missles... Is the New Arms Race - Ad

China and Russia control 70% of the world's critical minerals, giving them leverage over the West. One N. American discovery could help shift that balance by developing the metals essential for defense systems.

Weekend Round-Up: Musk's Trillion-Dollar Pay, Ford's F-150 Lightning Dilemma And More

From Elon Musk's trillion-dollar pay package to Ford's F-150 Lightning EV Pickup Dilemma, this is what last week in the auto world was like.

Jensen Huang Explains Why He Loved His Dishwashing Job — Nvidia CEO Pours Cold Water Over Popular Idea Of Finding 'Something You Love'

Nvidia CEO Jensen Huang shares his unconventional view on passion and work, emphasizing the value of commitment and dedication in creating passion.

Gold Near $4,073. Copper Tight. This Drill Hit Came Just in Time.

Gold Near $4,073. Copper Tight. This Drill Hit Came Just in Time. - Ad

Dual exposure to two surging metals, plus 17.91% CuEq over mineable width, and infrastructure on site - this is what juniors dream of. And the market is just starting to notice.

Pete Hegseth Says War Department Preparing For 'Action' In Nigeria

U.S. Defense Secretary Hegseth agrees with Trump's order to prepare for action in Nigeria to stop the killing of Christians by Islamist militants.

Typhoon Kalmaegi leaves 26 dead in Philippines, people trapped on roofs and cars submerged

MANILA, Philippines (AP) — Typhoon Kalmaegi has left at least 26 people dead in the Philippines, mostly in flooding set off by the storm, which barreled across the central part of the country on Tuesday, disaster response officials said. Floodwaters trapped scores of people on their roofs and submerged cars.

America's Defense Future Starts Underground

America's Defense Future Starts Underground - Ad

A N. American metals project just caught the attention of Rio Tinto - a mining giant. With four projects in key regions, this firm is aligned with Washington's push to rebuild the defense-metal supply chain.

Cathie Wood Goes All-In On Peter Thiel's Crypto Play Bullish With Back-To-Back Million-Dollar Buys

Cathie Wood-led Ark Invest purchased shares in Bullish, a crypto exchange backed by Peter Thiel, through three of its funds. Other key trades were also made, including buying shares in CRISPR and Beam Therapeutics.

Bill Ackman's Amazon Trade Reverses Course – Now Up $119 Million And Counting In Third Quarter

Amazon.com was one of the biggest bets by Bill Ackman in the second quarter. After Q3 earnings, the position is now up since the end of Q2.

From Strong to Stunning: New Drill Hole Sets a New Bar

From Strong to Stunning: New Drill Hole Sets a New Bar - Ad

Earlier holes showed 2.4% and 2.7% CuEq. This new hit just delivered 6.93% over nearly 20 metres. That's a game-changer - and it comes with deep insider alignment and an active program.

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

MAE SOT, Thailand (AP) — is repatriating on Thursday the first batch of hundreds of its nationals who last month fled to Thailand from Myanmar, where most had been working at a .

Buy Now Pay Later Can Torpedo Mortgage Chances

BNPL services like Affirm, Klarna, Afterpay, and PayPal Pay Later are popular but can hurt mortgage approval. Lenders scrutinize bank statements and debt-to-income ratio, and new credit models include BNPL data. Loan officers warn of multiple plans inflating DTI.

Congress to Feature Trump on $100 Bill?

Congress to Feature Trump on $100 Bill? - Ad

A shocking new plan was just introduced in Washington; to celebrate Trump's new "golden age" by placing him on the $100 bill. In the months ahead, this former Presidential Advisor predicts the government will release a massive multi-trillion-dollar asset which it has held back for more than a century.

BellRing Brands: No Ringing The Bell On This One, Not Yet

Our analysis uncovers the real reason behind BellRing Brands' steep fall and why the stock may struggle for much longer.

Rigetti, D-Wave Stocks Down, ETF Reactions Diverge In Market Shakeup

Quantum ETFs face turbulence as Rigetti and D-Wave stocks plummet.

Copper and Gold in Scale, Not Just Grade

Copper and Gold in Scale, Not Just Grade - Ad

This isn't a narrow system. It's a thick, mineralized zone delivering copper and gold together - in a province with infrastructure in place. New drill targets are already being tested.

Teradyne, Wayfair, And Illumina Are Among the Top 10 Large-Cap Gainers Last Week (Oct. 27-Oct. 31): Are the Others in Your Portfolio?

Top weekly large-cap gainers included Teradyne, Wayfair, Illumina, Guardant Health, ASE, C.H. Robinson, Lumen, Symbotic, Credo, YPF after strong results.

Zohran Mamdani's Historic Victory Earns Him Congratulations From Bill Ackman, Bernie Sanders — Trump Wasn't 'On The Ballot,' Says President

Democrats win high-profile races despite Trump's absence and shutdown. Zohran Mamdani elected NYC mayor, Abigail Spanberger wins VA governorship, Mikie Sherrill flips NJ.

Trump Signs Law to Launch Dollar 2.0

Trump Signs Law to Launch Dollar 2.0 - Ad

Bill Ackman's Hertz Stake Is Starting To Look Like His Next Chipotle Moment

Bill Ackman's investment in Hertz may be the next Chipotle moment as the rental-car company sees a surprise profit and a 40% stock surge.

Bill Ackman Cuts Alphabet Stake As Warren Buffett's Berkshire Hathaway Builds Its Own

Bill Ackman's Pershing Square made a few small moves in the third quarter. Here's a look at the trades.

"Tech Prophet" Who Predicted the iPhone Now Predicts...

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

Trump Barred From Deploying Oregon National Guard To Portland, Judge Cites State Sovereignty

A federal judge handed down a decisive ruling on Friday, blocking Trump's attempt to send Oregon's National Guard to Portland.

Bitcoin's Crash Below $100,000 Isn't The End: Wall Street Vet Says: 'We Have To Get Through This'

For the first time since July, Bitcoin (CRYPTO: BTC) fell below $100,000 on Tuesday as the crypto sell-off saw $1.7 billion in liquidations in 24 hours.

The Market Just Crossed a Dangerous Line

The Market Just Crossed a Dangerous Line - Ad

NATO member Romania signs agreement with Germany’s Rheinmetall to build a gunpowder plant

BUCHAREST, Romania (AP) — NATO member Romania signed an agreement Monday with German defense company Rheinmetall to build a gunpowder factory in central Romania, as

Trending Now

Trump urges Treasury Secretary Bessent to take Federal Reserve job

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

Bloomberg says AI is a $50 trillion revolution. - Ad

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

Trump Wants Washington Commanders' $3.7 Billion Stadium Named After Him: Report

Metals... Not Missles... Is the New Arms Race - Ad

Peter Schiff Says Bitcoin At $100K Is 'Incredible Opportunity' That Must Not Be Missed: 'If You Own Bitcoin, Hurry And…'

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

Gold Near $4,073. Copper Tight. This Drill Hit Came Just in Time. - Ad

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

Dan Ives Says Tech Stocks Will 'Rip Higher' Through Year-End Amid Growing AI Valuation Concerns: 'Bull Market Has 2 More Years Of Runway'

America's Defense Future Starts Underground - Ad

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

Palantir, Kimberly-Clark, Hims & Hers, Navitas And Cipher Mining: Why These 5 Stocks Are On Investors' Radars Today

From Strong to Stunning: New Drill Hole Sets a New Bar - Ad

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

Jim Cramer: Chipotle Is 'Too Expensive,' Buy This Plane Maker

Congress to Feature Trump on $100 Bill? - Ad

Trump's 50-Year Mortgage Plan, Sanders Critiques Musk, Trump Backs Crypto And More: This Week In Politics

Coeur Mining's $7 Billion Deal For New Gold Creates $20 Billion Powerhouse

Copper and Gold in Scale, Not Just Grade - Ad

Snowflake's CRO Mike Gannon's Instagram Interview With Influencer James Dumoulin Triggers SEC Filing

Warren Buffett Opens Up About The Biggest Investing Blunders Of His Career — Here They Are

Trump Signs Law to Launch Dollar 2.0 - Ad

Serbia passes a special bill enabling Trump's son-in-law to build luxury complex despite opposition

How chummy is too chummy? Epstein emails shine light on relationships between journalists, sources

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

Tempus AI Stock (TEM) Slides 6% Overnight: Here's Why The Stock Is Trending

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

The Market Just Crossed a Dangerous Line - Ad

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

What to know about 10% reduction in flights at U.S. airports caused by the government shutdown

Bloomberg says AI is a $50 trillion revolution. - Ad

Criminal case against Boeing over deadly 737 Max plane crashes is dismissed by a US judge

Zohran Mamdani Was Crypto Bettors' Overwhelming Favorite For New York City Mayor At 100% Odds — And He Just Won

Metals... Not Missles... Is the New Arms Race - Ad

Pfizer Clinches $10 Billion Deal To Buy Obesity Drug Maker Metsera, Outbidding Novo Nordisk In Fierce Battle For Weight-Loss Market Dominance

Britain's Treasury chief prepares the ground for a tax-hiking budget

Gold Near $4,073. Copper Tight. This Drill Hit Came Just in Time. - Ad

Nasdaq Surges Over 100 Points, Records Gains In October: Greed Index Remains In 'Fear' Zone

Donald Trump's Popularity Falls As Shutdown Drags On

America's Defense Future Starts Underground - Ad

Japan's Toyota, hurt by President Trump's tariffs, reports a drop in profit

Japanese game maker Nintendo reports zooming sales and profit on its hit Switch 2 machine

From Strong to Stunning: New Drill Hole Sets a New Bar - Ad

Brazilian coffee, beef and tropical fruit will still be tariffed 40%, says Brazil’s vice president

Elon Musk Hints SpaceX Could Go Public Despite Downsides: 'I Do Want Supporters To…'

Congress to Feature Trump on $100 Bill? - Ad

Court Blocks Trump's SNAP Reductions, But Stricter Eligibility Rules Begin

African Union Rejects Trump's Claims Of Targeted Killings In Nigeria, Warns Against Military Action

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.