Ethereum Classic Soars to New Heights Amid Crypto Frenzy

Hold onto your hats, crypto fans! Ethereum Classic just blasted off on July 18, rocketing to a sizzling high of $24.55. The market's buzzing with bullish energy, and ETC is riding that wave like a pro!

ETC didn't just climb; it skyrocketed 20% in a single day, hitting heights not seen since January 2025. While other top cryptos were scrambling to keep their gains, ETC sprinted ahead, leaving the top 100 by market cap in the dust.

And guess what? ETC's not alone in this party. Ethereum, XRP, and a bunch of other coins are also pumping up the volume, creating a wild, bullish atmosphere across the board.

The ETC token's on fire, folks! Open Interest in this altcoin's up a whopping 45% to $273 million. But wait, there's more! Derivatives volume's exploded 300% to over $1.86 billion, and spot volume's leaped 380% to more than $1.6 billion. It's like everyone's suddenly in love with ETC!

Ethereum Classic price - why is ETC up?

So, why's ETC shooting for the moon? Well, Ethereum's flirting with $3,700, and XRP's chilling near its all-time high. That's got buyers hyped, but there's a catch. A pullback could be lurking, but with volumes soaring and the GENIUS Act fueling the frenzy, ETC's looking to keep climbing.

Brian Armstrong, Coinbase's co-founder and CEO, is stoked. He says Trump signing the GENIUS Act into law is the start of a "financial revolution in the U.S." Talk about game-changing!

Let's not forget, Ethereum Classic is the OG Ethereum chain. It might not be as flashy as ETH, but it's got its own charm. Plus, its listing on Bitstamp by Robinhood gave it a serious boost.

ETC's got proof-of-work security and smart contract support, making it a hot commodity. Bitstamp by Robinhood just added the ETC/USD and ETC/EUR pairs, and bam! That sent ETC bouncing back from $18 lows like a champ.

With Ethereum, XRP, and other top altcoins riding high, ETC's getting a serious lift. Buyers might be eyeing those sweet levels from early December 2024.

But hold up, there's a supply wall around $50, and the all-time peak above $167 is still a hefty 85% away. It's a wild ride, but ETC's proving it's got what it takes to keep the party going!