Ethereum Classic (CRYPTO: ETC) and Litecoin (CRYPTO: LTC) are trading lower by 3.63% to $21.20 and lower by 4.63% to $92.08 Thursday afternoon. Weakness in the broader altcoin space may be due to a sympathy move lower with apex-crypto Bitcoin and second-largest market cap crypto Ethereum and in potential reaction to Robinhood Markets Inc fourth-quarter earnings, in which it reported a 24% decrease in crypto transaction-based revenues.
A Coindesk report suggesting Kraken agreed to shutter crypto-staking operations to settle SEC charges could also be impacting crypto prices.
See Also: What’s Going On With Robinhood Stock? and If You Invested $100 In Dogecoin When Musk Was Sued For Alleged Crypto Pyramid Scheme, Here’s How Much You’d Have Now
