Ethereum is down bad after merge week. The long-anticipated transition to a proof-of-stake network happened on Thursday as planned. Once it did, Ethereum (ETH) dipped 8% to under $1,500, and kept falling further.
ETH begins the weekend at $1,424, down 17% over the last seven days. It took the biggest losses among the top thirty cryptocurrencies by market capitalization this week.
Market leader Bitcoin (BTC) also sank. It enters Saturday 7% lower than it was last week, hovering at $19,788 at the time of writing.
After Ethereum, the second biggest losses—of a little over 10%—were posted by Near Protocol (NEAR), which trades at $4.24; Avalanche dropped to $18.06, and Polkadot fell to $6.87, all of which are so-called “Ethereum killers," aka layer-1 blockchains with high-functionality smart contracts.
Ethereum Classic (ETC) is down 12.6% and trades at $34.27. ETC is based on Ethereum’s original ledger, which includes an infamous $55 million DAO hack that was wiped from Ethereum by vote....
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...