Blood bath cryptocurrency market bleeding

Binance

⁠The Merge is Ethereum’s chance to take over from Bitcoin, researcher says it will imminent transition to a proof-of-stake consensus mechanism will transform its monetary policy, potentially making ETH more scarce than Bitcoin. Ethereum merge to proof-of-stake estimated for September 15-16, 2022.

Over the past 24 hours ethereum has been dropping along side bitcoin and the rest of the cryptocurrency market as holders prepares them selves for the big event, Ethereum plugged too about 1600$ after losing about 18% over the past 48 hours. With the merge coming so, traders hopes for a relief bounce too take the price higher but for now it’s trading at a discount