Ethereum (CRYPTO: ETH) miners that have migrated to the Ethereum Classic (CRYPTO: ETC) chain are making a small fraction of the daily revenue they used to make on ETH pre-Merge, according to bloc
Proof-of-Work (PoW) cryptocurrencies Ethereum Classic (CRYPTO: ETC) and Ravencoin (CRYPTO: RVN) recorded a massive surge in hashrate shortly after Ethereum (CRYPTO:&nbs
Ethereum (CRYPTO: ETH) declined 10% in the last 24 hours, leading to cascading liquidations for traders who were long on the second-largest cryptocurrency by market cap.
Ethereum Classic (CRYPTO: ETC) is trading lower by 8.03% to $35.27 Tuesday morning after August CPI data showed worse-than-expected inflation. This has driven a risk-off sentiment and has also raised the potential for further Fed policy tightening to curb inflation.
More than 103,000 traders were liquidated for $364 million over the last 24 hours.
What Happened: Data from CoinGlass shows that the majority of crypto long traders were liquidated on Tuesday.