Ether followed a similar pattern, rising over $2,000 late Sunday before falling below $1,900. The second largest crypto by market cap was recently down roughly 2.5% from the previous day, although well above levels earlier this summer amid amid growing investor enthusiasm for The Merge, which will change the Ethereum protocol from proof-of-work to the faster, more energy efficient proof-of-stake model. Two of Sunday’s big winners, the popular meme coins SHIB and DOGE, were losers a day later, recently plunging more than 9% and 7%, respectively. MATIC tumbled more than 5%.
Source: https://www.coindesk.com/markets/2022/08/16/first-mover-asia-bitcoin-and-ether-fall-angry-that-hodlnaut-has-frozen-your-funds-too-bad-its-in-the-terms-and-conditions/?utm_medium=referral&utm_source=rss&utm_campaign=headlines