Ethereum Classic Skyrockets 20% — Did Someone Open the Cryptocurrency Floodgates? 🚀

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For those keeping score on the rollercoaster that is cryptocurrency, Ethereum Classic decided to pull a Kramer and suddenly burst into an exuberant 20% jump on July 18. Because who doesn’t love a sudden surge to $24.55 that makes you wish you’d bought more yesterday? 📈

Ethereum Classic (ETC) was dancing like its supply chain depended on it, soaring 20% in just 24 hours—resurrecting the memory of January 2025 highs (yes, I know, it feels like a distant galaxy). Outpacing its friends in the top 100 and leaving Bitcoin‘s little sibling in the dust, this altcoin has clearly embraced its inner party animal. 🥳

While Ethereum, XRP, and the crowd were doing their own cheerleading, ETC was busy being the star of the show. The buzz around it is real—imagine a stock market where interest jumps by 45%, with open interest hitting a cool $273 million. Derivatives are splurging 300%, smashing through $1.86 billion, and spot volume is sprinting up by 380% to over $1.6 billion. Someone’s got to pay the coffee bill, right?

Why’s ETC suddenly playing hard to get with its price?

Well, with Ethereum stretching near $3,700 and XRP flirting with its all-time high, buyers are flipping coins with reckless abandon. The so-called threat of a pullback hovers like a vulture, but with volumes skyrocketing thanks to the so-called GENIUS Act (which sounds like one of those TV quiz shows), ETC is holding its ground — maybe even doing a little jig.

Coinbase CEO Brian Armstrong (the guy who probably owns a small island somewhere) said the signing of the GENIUS Act by Trump marks the start of the “financial revolution in the U.S.” Because what’s more revolutionary than a good old legislative slapstick, right? 🎭

ETC likes to remind everyone it’s the OG Ethereum chain, the original smart contract sweetheart, even if it’s been glaring a little in Ethereum’s rearview mirror. Robinhood’s decision to list ETC/USD and ETC/EUR pairs on Bitstamp gave it a much-needed pep talk, nudging the price from a sleepy $18 to… well, more lively levels. Who knew a simple listing could cause such a fuss? 📉➡️📈

Investors eye early December 2024 levels, dreaming of the good old days when the price was much lower. Meanwhile, a big supply wall at around $50 tries to keep a straight face, even as the all-time record above $167 feels more like an 85% far-off fantasy from the current rollercoaster ride.

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2025-07-18 22:56