BitcoinWarrior

News and Education

Ethereum’s ‘Merge’ did little to ease troubles of crypto markets

Published by
City AM

By Darren Parkin Data from CryptoCompare shows that the price of Bitcoin kept dropping throughout last week, moving from around $22,000 to a low under the $18,500 mark following a sell-off during the weekend that saw it lose more than seven per cent of its value in just a day. Ethereum’s Ether – the second-largest cryptocurrency by market cap – traded in a way similar to BTC, dropping from around $1,700 to just under $1,300as its Merge upgrade appears to have turned into a ‘sell-the-news’ event. Headlines in the cryptocurrency space last week were dominated by Ethereum’s Merge upgrade, which s…

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