ETC (Ethereum Classic) has risen 6.67% in the last 24 hours.

Gate News Bot news, on July 16, according to CoinMarketCap, as of the time of writing, ETC (Ethereum Classic) is currently priced at $19.60, with a rise of 6.67% in the last 24 hours, reaching a high of $19.62 and a low of $17.49. The current market capitalization is approximately $2.994 billion, an increase of $187 million compared to yesterday.

Ethereum Classic is a decentralized smart contract platform that aims to become the future foundational layer for smart contracts by combining Ethereum’s technology with Bitcoin’s philosophy. ETC adheres to the principle of “code is law” and excels in resisting censorship, providing developers with an environment to build unstoppable applications. In response to the censorship of Ethereum contracts, ETC aims to maintain the original vision of Ethereum, offering a truly decentralized and secure cryptocurrency solution.

Important news about ETC recently:

1️⃣ Bitwise acquires ETC Group to enter the European market The American crypto asset management company Bitwise has announced the acquisition of London-based ETP provider ETC Group, marking Bitwise’s official entry into the European market. This strategic acquisition will expand Bitwise’s business footprint in Europe and is expected to attract more institutional investors’ attention to ETC.

2️⃣ ETC Group selects CryptoCompare data to support digital asset products ETC Group has chosen to use data from CryptoCompare to support its market-leading digital asset-backed products. This collaboration will provide higher quality market data support for ETC Group’s products, helping to enhance their reliability and market competitiveness.

3️⃣ Ethereum Classic continues to uphold the original vision of Ethereum As a product of the Ethereum hard fork, Ethereum Classic continues to adhere to the principle of “code is law,” dedicated to providing a truly decentralized and censorship-resistant smart contract platform. This commitment has attracted a group of developers and users who pursue pure blockchain ideals.

From a technical perspective, the ETC price has broken through recent resistance levels and is showing a short-term rise trend. However, investors still need to closely monitor the overall cryptocurrency market trends, as well as the future technological developments and ecosystem construction of Ethereum Classic.

This message is not intended as investment advice; investors should be aware of market volatility risks.