Ethereum Classic Soars 20% as Trading Volume Skyrockets Amid Crypto Frenzy

Ethereum Classic (ETC) just pulled off a gravity-defying leap—surging 20% in a single day as traders pile into the 'original Ethereum.'

Volume goes brrr: Trading activity exploded like a DeFi yield farm in 2021, with ETC flipping from sleepy altcoin to top gainer overnight.

Why now? Could be gamblers chasing the next Bitcoin ETF narrative, or just proof that in crypto, even zombie chains get second lives (third if you count the DAO hack).

Reality check: Remember when Wall Street 'discovered' blockchain last bull run? Grab your popcorn—history loves a rerun.

Ethereum Classic price – why is ETC up?

Ethereum price breaking to near $3,700 and XRP hovering near its all-time high have boosted buyers. The threat of a pullback is there, but with volumes rising amid exuberance around the GENIUS Act, ETC price looks set to continue higher.

According to Coinbase co-founder and chief executive officer Brian Armstrong, Trump’s signing of the GENIUS Act into law marks the beginning of “financial revolution in the U.S.”

Ethereum Classic is the original Ethereum chain, and while it lags ETH in terms of market performance, it gained some push with the listing on Bitstamp by Robinhood.

The cryptocurrency’s proof-of-work security, and smart contract support add to broader interest. Bitstamp by Robinhood recently added the ETC/USD and ETC/EUR pairs, boosting the altcoin and helping its price to bounce from lows of $18.

Gains for Ethereum, Ripple’s XRP and top altcoins will certainly buoy Ethereum Classic. In this case, buyers may target the price levels seen in early December 2024.

There’s a key supply wall around $50, while the all-time peak above $167 is about 85% off current price levels.