It looks like ethereum’s mega-upgrade is happening. Finally. After years of delays, the “Merge” seems all but certain to take place in September.
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Bitcoin has rallied, trading above $22 000 for the first time since 8 June. Ether and other cryptocurrencies also spiking higher.
The relative stabilisation in the prices of cryptocurrencies is fuelling hopes that the contagion of 2022 may have run its course.
Investors in ether and its troubled twin stETH are nervously anticipating a crypto milestone: the Merge.
Ether and bitcoin reached their highest levels in 10 days on Sunday as the market showed some signs of stabilisation.
Crypto lending may not be down and out, but it’s certainly on the ropes.
The crypto industry was on edge on Monday morning on fears contagion from problems at major crypto players could unleash a major shakeout if not contained.
Crypto markets have dived in the past few weeks as rising interest rates and surging inflation prompted investors to ditch riskier assets across financial markets.
The value of the cryptocurrency market on Monday fell below $1-trillion for the first time since January 2021, reaching as low as $926-billion.
Ethereum, the world’s most used blockchain network, has passed a milestone test ahead of a highly anticipated technical upgrade.