Bitcoin and Ether Kick Off Week in Positive Territory

Ether’s (ETH) price increased 3.2% on Monday, on low trading volume when compared with its 20-day moving average for volume. Ether’s recent trajectory has been flat, with prices moving an average of just 1.2% over the prior 10 trading days. Since the Ethereum Network’s transition from proof-of-work to the more energy-efficient proof-of-stake mechanism, ETH’s price has declined 20%. The supply of ETH has increased by 11,000 ETH since the transition, but would have increased by more than 228,000 had the Merge not occurred.

Source link

Share this article: 

Related:  While the FTX Co-Founder Claims He 'Wasn’t Running Alameda,' SBF Is Asked Why He Threw Caroline Ellison 'Under the Bus' – Bitcoin News