The crypto economy has slipped under the $1 trillion range once again after briefly rising to a high of $1.16 trillion on September 14. Signs show that Ethereum’s Merge hype has seemingly left the building and market participants are now waiting for the upcoming Federal Reserve meeting next week. Presently, the crypto economy is down 3% lower over the last day and is currently valued at $965 billion.
Major Stocks, Crypto Markets, Precious Metals, and Real Estate Drops Further — 80% of Investors Expect an Aggressive Fed Rate Hike
The Merge is over and the hype leading up to the transition from proof-of-work (PoW) to proof-of-stake (PoS) is now gone. Ethereum (ETH) and the rest of the crypto economy saw decent gains leading up to The Merge, but following the change, the entire crypto market is down more than 3% during the past 24 hours.
Currently, statistics show the market valuation of all the crypto tokens in existence is $965.42 billion. The day prior, before The Merge, the crypto...
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