Why Ethereum Classic Is Volatile


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


Ethereum Classic (CRYPTO: ETC) is trading lower by 4.4% to $32.72 during Monday’s session. Shares of several altcoins are trading lower amid a drop in the price of Bitcoin.

Bitcoin often sets the tone for the cryptocurrency market as a whole. When Bitcoin’s price falls, it can create a negative sentiment across the entire market, leading investors to sell off their holdings in other cryptocurrencies, including Ethereum Classic.

This is because many investors view Bitcoin as a bellwether for the broader crypto market, and its movements can influence sentiment and trading decisions for other cryptocurrencies.

See Also: What’s Going On With Bitfarms Stock Monday?

Additionally, much of the cryptocurrency market is driven by speculation and momentum trading. When Bitcoin experiences a significant price decline, it can trigger panic selling and amplify downward price movements across the entire market, including Ethereum Classic, as traders seek to exit positions to avoid further losses.

See Also: Nvidia Leads, Tesla Lags Among Magnificent Seven Stocks: Q1 Market Shake-Up


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: Newswhy it's moving