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

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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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