Ethereum's transition towards a proof-of-stake consensus algorithm was a success. However, the market has been taking a beating since.
Ethereum Completes Merge Successfully, Crypto Markets Take a Beating: This Week’s RecapEthereum’s transition towards a proof-of-stake consensus algorithm was a success. However, the market has been taking a beating since.
Bitcoin is among the outliers in terms of price performance over the past seven days. BTC’s price is charting a 2.7% increase compared to where it was trading a week ago. As a matter of fact, the cryptocurrency increased to as much as $22,500 on September 13th, but that’s when the bears stepped in and pushed its price towards $20K. At the time of this writing, BTC is found at slightly below the important psychological levels, and it seems that the battle for it is ongoing.
It’s worth noting that altcoins are trading in the red collectively. BNB is down 1.7%, XRP is down 3%, whereas Polkadot dropped by a more considerable 7%.
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