Bitcoin, Ethereum Stay Buoyed As The Merge Finally Kicks In ⋆ ZyCrypto
Bitcoin EthereumBitcoin, Ethereum Stay Buoyed As The Merge Finally Kicks In ⋆ ZyCrypto09 / 15 / 2022Balita ng Ethereum ng Bitcoin After a strong weekly close, Bitcoin opened with its head high on Monday, briefly rising to tap $22,000 during the Asian session. Last week, the worlds largest cryptocurrency plunged as low as $18,500 before recovering by over 17%. As of writing, Bitcoin was trading at $20,071 after a 1.66% rise in the past 24 hours. On the other hand, Ethereum remained hushed as investors kept their stakes low ahead of the Merge. As of writing, the crypto-asset was trading at $1,618 after gaining 0.84%, with several so-called “Ethereum killers” like Solana and Cardano surging by roughly 2% in the past 24 hours. With the Merge -an event that will transition Ethereum from a proof of work to a proof of stake blockchain – less than minutes away, investors seem to have taken a step back, fearing that it may spark a “buy the rumour sell the news” scenario resulting in wild volatility by cryptocurrencies. According to IntoTheMoneyStocks founder Gareth Soloway, short-term crypto prices will be determined by how smooth the merge goes. “It‘s going to be interesting to see how the merge goes.