Ether, the second largest crypto by market value, was recently trading slightly above $1,600, a more than 2% gain over the previous 24 hours, although far removed from the $2,000 threshold it held a week ago. Investors’ enthusiasm for next month’s scheduled Merge, the Ethereum blockchain’s shift in protocol from proof-of-work to faster, more energy efficient proof-of-stake, has cooled – at least temporaily. Other major altcoins spent Sunday well in the green with RVN and BNB recently up over 9% and 6%, respectively. SHIB’s recent roller coaster ride continued with the popular meme coin rising nearly 5% at one point.
Source: https://www.coindesk.com/markets/2022/08/22/first-mover-asia-bitcoin-hovers-over-21k-in-weekend-trading-india-crypto-industrys-challenging-year/?utm_medium=referral&utm_source=rss&utm_campaign=headlines