Shift to Proof of Stake Roils ETH Market But Perhaps Only for the Short Term
Ever since The Merge took place on Sept. 15 investors have looked on in dismay as Ether lost a fifth of its value over the next four days.
What was going on? Many traders expected some profittaking and sell-the-news market action, but the historic upgrade was supposed to usher in a vibrant new era for Ethereum, not a spasm of bearish selling.
Now, one of the causes for the selloff may be emerging — Ethereum miners…
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