The Merge Aftermath: Ethereum Drops to 18-Day Lows, BTC Trades Below $20K (Market Watch)

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The Merge has so far brought only pain for ETH holders as the asset slumped below $1,450.

The Merge aftermath is here and has not brought any positivity to the crypto markets. Bitcoin continues to struggle at around $20,000, while ETH has plummeted to a multi-week low.ETH Dumps Hard Post-Merge

More volatility came later and was painful for the bulls. In a matter of hours, the second-largest crypto plunged by over $100 and dropped to its lowest position since late August of beneath $1,450.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Ethereum Classic, whose hash rate skyrocketed yesterday due to the miners’ transition, also went up briefly but is now down by over 10% on a daily scale.

Overall, the crypto market cap has lost about $30 billion in a day and has slipped below $950 billion.in the past several days, ever since it was stopped at breaking above $23,000. In the following days, the asset lost around $3,000 of value and plummeted to a multi-week low of under $20,000.

 

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