.intocryptoverse believes that $ETH will get 'rekt' against Bitcoin as the cryptocurrency is rapidly losing value after Merge
lost half of what it gained previously after an almost 20% correction. The situation on the daily chart may hint at an upcoming reversal to the trading range in which the asset moved before the Merge hype.While the update itself was successful and went through without any issues occuring on the network, Ethereum saw a massive spike in selling pressure hours after that. Some analysts explained it with the common market rule:"Buy the rumor, sell the news.
"Ethereum's attractiveness as a financial asset increased exponentially ahead of the fundamental update; however, the absence of an explosive rally right after the update went live caused a disturbance among market participants that decided to protect themselves and exited their positions at a profit.is rapidly losing value against the U.S. dollar as the price of the second biggest cryptocurrency on the market plunged below the $1,300 price range.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Grayscale Declares Distribution of Rights to Ethereum Proof-of-Work Tokens With SEC – Bitcoin NewsThe crypto company Grayscale Investments has declared “distribution of rights to Ethereum Proof of Work Tokens.”
Leer más »
Ethereum completes merge, Do Kwon faces arrest warrant and Bitcoin dives after rally: Hodler’s Digest, Sept. 11-17Artists were set free by NFTs according to the co-founder & CEO of Reveel Technology Adrien Stern. Read more memorable quotations from this week in our Hodler’s Digest:
Leer más »
Crypto pulled off its big upgrade. Even larger ambitions await.The platform that hosts many of the world’s NFT and cryptocurrency trades just completed one of the trickiest upgrades in modern technology. Now come the really big goals.
Leer más »
Hope for Spot BTC ETF Grows Stronger After DEFI Launch Under the Securities ActHowever, analysts believe the SEC might never allow a spot crypto ETF until it gets oversight of digital asset exchanges.
Leer más »
Ethereum's Merge Gave Birth to 2 Forks — Newly Launched Ethereumfair Gathers USD Value and Hashpower – Bitcoin NewsA lot of people are unaware that there’s another Ethereum-based PoW fork called ethereumfair ($ETF) following Ethereum's Merge.
Leer más »
Grayscale Is Accused of ETHPoW Dump After It Announces Selling of 3,1 Million TokensCrypto community unhappy with Grayscale's plans to sell 3,1 million ETHPow, accuses company of dumping ethereum eth merge $eth
Leer más »