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

bitcoin September 17, 2022 Ethereum Leave a comment 5 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…


Source link

About bitcoin

Check Also

Finder’s Ethereum Price Predictions Report

Finder’s Ethereum Price Predictions Report

Ether (ETH) could break US$2,400 in 2023, before ending the year at $2,184 …

Leave a Reply

Your email address will not be published. Required fields are marked *