Ethereum Classic (CRYPTO: ETC) was falling about over 6% lower on Tuesday, in sympathy with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which were sliding over 3% and 4%, respectively.
The cryptocurrency sector has recently tied itself to the general markets again, often trading in tandem with the S&P 500, which has been turbulent at best over much of 2022, frustrating day traders and investors alike. Geopolitical events such as the Russia/Ukraine crisis and rising interest rates have added bearish pressure to the indexes as many weigh whether the U.S. is headed into a potential recession.
