Crypto market prepares for Ethereum Merge as slowdown is expected to continue

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City AM

By Darren Parkin Data from CryptoCompare shows that the price of Bitcoin started last week trading sideways, slightly below the $20,000 mark, before enduring a sell-off that saw it drop to $18,500. As the weekend came, BTC’s price jumped, and the cryptocurrency is now trading at $22,200. Ethereum’s Ether, the second-largest cryptocurrency by market cap, traded in a way similar to BTC itself, starting the week at $1,600 and dropping to a $1,500 low before recovering. The cryptocurrency is now trading at $1,750. Headlines in the cryptocurrency space this week focused on the upcoming Ethereum Mer…

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