Ether was trading down on Wednesday with a little over 20 hours to go to The Merge, where the blockchain will transition to proof of stake.
The Terminal Total Difficulty required for the upgrade is fast approaching and it’s expected around Sept. 15 at 04:42 UTC. However, the blockchain’s native token, ether, is down 7.9% in the past 24 hours, trading at $1,599, per Coinbase ຂໍ້ມູນ.
The second largest cryptocurrency by market cap ຂົນ in line with the broader financial markets and cryptocurrencies on Tuesday following a hot inflation report from the U.S.
Traders had hoped for a lower inflation reading of about 8% year-on-year and -0.1% month-on-month. Yet these figures came in at 8.3% and 0.1% respectively — causing crypto and equities to go into tumult. Bitcoin was also down on Wednesday, as the worlds largest cryptocurrency by market cap lost 9.3% to trade at $20,360 per Coinbase ຂໍ້ມູນ.
Despite Ethereum’s impending move to proof of stake, it appears that ether remains unable to recover from yesterday’s shock news.
© 2022 The Block Crypto, Inc. ສະຫງວນລິຂະສິດທຸກປະການ. ບົດຂຽນນີ້ແມ່ນສະ ໜອງ ໃຫ້ເພື່ອຈຸດປະສົງຂໍ້ມູນເທົ່ານັ້ນ. ມັນບໍ່ໄດ້ຖືກສະ ເໜີ ຫຼືມີຈຸດປະສົງທີ່ຈະ ນຳ ໃຊ້ເປັນກົດ ໝາຍ, ພາສີ, ການລົງທືນ, ການເງິນ, ຫລື ຄຳ ແນະ ນຳ ອື່ນໆ.
ກ່ຽວກັບຜູ້ຂຽນ
Adam Morgan ເປັນນັກຂ່າວຕະຫຼາດຂອງ The Block. ລາວໄດ້ຕັ້ງຖິ່ນຖານຢູ່ໃນລອນດອນສໍາລັບປີທີ່ຜ່ານມາ, ໃນເບື້ອງຕົ້ນເປັນອິດສະຫຼະແລະເຮັດວຽກສໍາລັບການເລີ່ມຕົ້ນຢູ່ທີ່ນັ້ນກ່ອນທີ່ຈະເລີ່ມຕົ້ນການຮ່ວມທຸລະກິດທີ່ Business Insider. ລາວ Tweets @AdamMcMarkets
Source: https://www.theblock.co/post/169885/price-of-ether-eth-falls-heading-into-the-merge?utm_source=rss&utm_medium=rss