Ether falls after the smart contracts network completes the ‘merge’

Ether falls after the smart contracts network completes the ‘merge’

The price of ether fell Thursday after the Ethereum network completed its migration to the proof-of-stake consensus mechanism, also known as the “merge.”

Ether was last down about 5% to $1,511.99, after falling as low as $1,459.00 earlier, according to Coin Metrics. Traders had expected to see a decline in the price following the transition late Wednesday night.

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