Merge approaches amid more stablecoin woes

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City AM

By Darren Parkin Volatility was rife in the cryptocurrency markets last week as Bitcoin and other popular digital assets continued to decline. Data from CryptoCompare shows that Bitcoin opened the week just above the $24,000 mark, however, by the time the week concluded, it had settled below $21,000 – roughly a 12.5% decline. The native token of the Ethereum network, Ether, the second largest cryptocurrency by market capitalisation, experienced a similar fate, declining from $1,900 to end the week just above the $1,550 level. Despite the recent price action, August has been an exciting month f…

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