The cryptocurrency market faces challenges, with Ethereum Classic (ETC) falling 6.85% in the last 24 hours, surpassing the 5.92% decline of the overall market. However, sentiment towards BTC remains optimistic, highlighting its potential as a safe haven.

Despite the recent drop, ETC has shown a growth of 53.90% in the last month, and it is expected to rise 8.18% in the next five days. Volatility remains high, but the Fear and Greed index indicates extreme greed, suggesting an overvalued market.

The regulation of blockchain and crypto policies continue to be critical issues as investors seek clarity in an uncertain environment.