Ethereum (CRYPTO: ETH) was edging about 1% lower during Tuesday’s 24-hour trading session after breaking up from a sideways pattern on Monday, which Benzinga pointed out Friday
Bitcoin (CRYPTO: BTC) was volatile during Friday’s 24-hour trading session, popping up over 2% higher, then dropping over 3% lower before settling flat by the afternoon despite Americans
The Ethereum Merge is one of the most significant upgrades on the Ethereum blockchain network. The merge marks the transition of the Ethereum blockchain from a proof-of-work consensus mechanism to a proof-of-stake consensus mechanism.
The latest crypto crash is happening as investors are afraid of global macroeconomic conditions and the US Federal Reserve is trying to curb rising inflation.