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Ether Outlook Darkens in Charts Capturing Hangover After the Merge

20Sep

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Technology

Ether Outlook Darkens in Charts Capturing Hangover After the Merge

[ad_1] The fanfare over a revamp of the Ethereum blockchain is still echoing across the cryptoverse but that’s doing little to stem a slide in Ether. The fanfare over a revamp of the Ethereum blockchain is still echoing across the cryptoverse but that's doing little to stem a slide in Ether.The network's native token is down 10% since the most commercially important digital ledger last week implemented an upgrade to slash energy use. The second-largest virtual coin had rallied from mid-June on hype around the software update known as the Merge, but that's fizzling now the shift is done. It's down some 63% this year, a bruising period for cryptocurrencies. Crypto and many other assets are also quivering ahead of what's likely ...

Ether Price Falls as Ethereum Revamp Turns Into ‘Sell-the-News’ Event

[ad_1] Ether led digital assets lower after a groundbreaking software upgrade of the token’s underlying network turned into what some market observers labeled a “sell-the-news” event. Ether led digital assets lower after a groundbreaking software upgrade of the token's underlying network turned into what some market observers labeled a “sell-the-news” event. The second-largest token dropped as much as 3% on Friday and was trading around $1,475 as of 8:33 a.m. in Tokyo following a more than 6% slide Thursday. Ether is paring a rally since mid-June sparked in part by optimism about the Ethereum update -- the Merge -- to slash the network's energy use. “Now the excitement around the Merge is done, and we don't have a cataly...

Bitcoin Price Lingers Near $20000; Ether Extends Slide Before ‘Merge’

[ad_1] Cryptocurrencies were mixed a day after posting sharp losses triggered by hardening expectations of restrictive US monetary policy. Cryptocurrencies were mixed a day after posting sharp losses triggered by hardening expectations of restrictive US monetary policy. Bitcoin price fell about 1.5%to $19,937 as of 4:14 p.m. in New York after a near-10% plunge on Tuesday. Ether, the native token of Ethereum, decline for a third day, dropping about 1% to $1,597. Stocks, bonds and digital tokens plunged Tuesday after rising US inflation data pointed to further large Federal Reserve interest-rate hikes. The Fed has no alternative but to “pump the brakes, tighten financial conditions, ratchet real yields higher and that's ju...