As Ether, Bitcoin Wilt, Trading Firms Blame Lack of Bullish Catalyst for Market Swoon

Bitcoin, the biggest cryptocurrency by market value, slipped to $18,300, the lowest since June 19, according to CoinDesk data. Meanwhile, ether, the native token of Ethereum’s blockchain, which recently underwent a long-awaited and supposedly-bullish technological change called the Merge, slipped to a two-month low of $1,580. The total market capitalization fell to $858 billion, the lowest since mid-July.

Source: https://www.coindesk.com/markets/2022/09/19/as-ether-bitcoin-wilt-trading-firms-blame-lack-of-bullish-catalyst-for-market-swoon/?utm_medium=referral&utm_source=rss&utm_campaign=headlines