This Week in Coins: Ethereum Posts Biggest Losses on Merge Week

bitcoin September 17, 2022 Ethereum Leave a comment 7 Views

This week in coins. Illustration by Mitchell Preffer for Decrypt.

Ethereum is down bad after merge week. The long-anticipated transition to a proof-of-stake network happened on Thursday as planned. Once it did, Ethereum (ETH) dipped 8% to under $1,500, and kept falling further. 

ETH begins the weekend at $1,424, down 17% over the last seven days. It took the biggest losses among the top thirty cryptocurrencies by market capitalization this week. 

Market leader Bitcoin (BTC) also sank. It…


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