It’s a post Merge sell the news affair as Ethereum price crumbles
Ethereum price is fighting to find footing after slipping below $1,600. The last few days have seen the newest proof-of-stake crypto asset lose at least 16% of its value due to intensifying external economic forces. Declines are likely to stretch beneath $1,500 despite Ethereum activating the Merge earlier on Thursday.
Bitcoin Price Prediction: The largest influx of volume since Bitcoin’s inception
Bitcoin price fell through the $20,000 barrier after an impressive 24% rally last week. Binance Exchange shows the highest historical volume reading to date. Invalidation of the uptrend remains a breach below the June 18 swing low at $17,622.
Cardano price did what was expected, after the pressure built up on $0.46 to break
Cardano price sees investors focusing on retail numbers out of the US today, as markets try to get their heads around a myriad of moving elements – from the EU measures to tackle the energy crisis, to Japan where the central bank is near to intervening in forex markets. The risk for Cardano price is that a rejection from the monthly pivot could trigger a further drop lower.