Ethereum Classic Tech Update Sees 30% New Year Price Spike

South Korea’s biggest exchange Bithumb has led a trading spike in Ethereum Classic (ETC) which saw the altcoin gain 29% in 24 hours Monday.

Handling over 40% of ETC’s 727 million daily volume, Bithumb support fuelled a price reversal towards recent all-time highs above $40.

Following a general cryptocurrency market decline last week, ETC had fallen rapidly to below $27 according to cross-exchange data from Coinmarketcap.

Unlike many, however, the Ethereum fork has staged an equally swift comeback, second only to Stellar as new announcements emerged about its Emerald development project.

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