Is Ethereum Classic Headed Toward $15? What Could Happen If This Pattern Plays Out

Ethereum Classic (CRYPTO: ETC) was sliding about 3% lower during Wednesday’s 24-hour trading session amid cascading fears stemming from the FTX fallout. The lending division of crypto investment bank Genesis Global Trading temporarily halted redemptions and the initiation of new loans Wednesday due to “extreme market dislocation and loss of industry confidence caused by the FTX implosion,” DCG vice president Amanda Cowie said.