The Ethereum network will complete a long-awaited upgrade called the merge this week and anticipation of this helped lift crypto markets.
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Stocks have been under pressure this year as the Fed has hiked interest rates to try to control rampant inflation. Cryptocurrencies, which are also risk assets, have been battered. Nearly $2 trillion has been wiped off the entire crypto market since its all-time high in November. Bitcoin is down more than 50% this year.Meanwhile, the Ethereum network will complete a long-awaited upgrade called the merge. This will transform theProponents say this could pave the way for a broader use of"Crypto faces an unusual double whammy this week: U.S.
"In a time awash with narratives, there's none bigger than the Merge in crypto and it's one which the wider world should take notice of with Ethereum's carbon footprint set to be slashed by 99%."
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Google gets in on Ethereum Merge excitement with nifty easter eggGoogle developers are not the only ones watching the Ethereum Merge with keen interest, search data has placed 'Ethereum Merge' at an above 50 score several times over the last 30 days.
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Bitcoin Surges to $22,000, but Its Dominance Keeps DroppingBitcoin’s dominance has dipped lower in spite of the recent price recovery, with the Ethereum merge event stewing the spotlight
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Buy Bitcoin Searches at 2-Year Low, Ethereum Merge Queries See ATH (Google Trends)While retail are not all that interested in bitcoin now, they seem quite fond of the upcoming Ethereum Merge event.
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Ethereum’s staking yield after The Merge will be lower than expectedSome believe Ethereum will consistently pay out 12% yield post Merge, but the current data suggests it will be much lower.
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