Bitcoin still risks lower lows, say traders as Ethereum price falls post-Merge.
, trading firm Cumberland nonetheless argued that the Merge’s smooth transition to proof-of-stake was a “momemental” achievement in itself.
“The fact that it was successful yet uneventful is an incredible testament to the people involved, what they've done for the world of crypto, digital assets, and decentralized computing,” part of a Twitter thread read. “Every Bitcoin Halving, people said the event was priced in. But every Halving was a buy-the-news event,” Charles Edwards, creator of analytics resource LookIntoBitcoin,“It seems everyone is calling the Merge a sell-the-news event. So I suspect it wont be. The Merge is Ethereum's Halving.”The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com.
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