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Benzinga
Benzinga
Business
Henry Khederian

Why Ethereum Classic Is Diving Today

Shares of several popular altcoins, including Ethereum Classic (CRYPTO: ETC) are trading lower. The weakness is in sympathy with the overall stock market as traders continue to digest Wednesday's Fed rate hike announcement. 

An increase in yields has pressured the broader stock market, with technology and growth stocks receiving the brunt of the selloff.

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