Bitcoin is frequently considered like gold in the sense that it holds its value when other assets drop. However, uncertain times beget surprising market reactions. With the omicron variant continuing to disrupt businesses, today’s pullback doesn’t seem entirely unwarranted. Bitcoin started 2022 at close to $48,000. That’s down from its highest-ever price of almost $68,000 a few months earlier, but it was still welcome news for those who invested a few years prior when BTC was under $10,000. While he seems to view buying Bitcoin as gambling, he openly said that even “gambling on Bitcoin” is safer than holding EUR now. Kelly also considers the upcoming Bitcoin Halving event scheduled for April 2024 as a supportive factor for his upbeat long-term price projection for Bitcoin. He concurs that a temporary decline over a two-year phase could precede a new all-time high (ATH) before any major pull-off occurs.
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Currency Forex Buy, sell 70+ cryptoassets with top-tier security, intuitive interface and FREE “cold” (offline) storage. Hourly MACD – The MACD for ETC USD is placed heavily in the bullish zone. This technical formation forecasts a one-to-four candlestick correction. Therefore, investors need to be wary of Ethereum Classic price, which is at an inflection point. To check Ethereum Classic’s price live in the fiat currency of your choice, you can use Crypto’s converter feature in the top-right corner of this page. While other PoW coins have a major impediment in accommodating migrating Ethereum miners, only a minor firmware update could see these miners comfortably mining Ethereum Classic.  Ethereum Classic (ETC) is the #29 largest cryptocurrency by market cap as of August 18, 2023, with a market cap of $2,225,159,078 USD.