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Ethereum Liquidations Top $127M Amid Post-Merge Volatility

Decrypt LogoDecrypt1w ago

Ethereum Liquidations Top $127M Amid Post-Merge Volatility

Quick Summary:

Despite the success of the merge, ETH slumped following SEC Chair Gary Gensler’s suggestion that proof-of-stake cryptos could be considered securities.

The impetus for Ethereum’s recent bearish price action is multi-pronged.

Over the past week, Bitcoin, the biggest cryptocurrency by market capitalization, is down around 4.6%, and is currently trading below the psychologically significant level of $20,000.


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Article Details

Author / Journalist: Sujith Somraaj

Category: Crypto

Topics: Markets ETH

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-16, 09:51:37

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Reading Time: 2 minutes read

Article Length: 358 words

Coverage Area: Estonia

Availability: Desktop Web, Mobile Web

News ID: 427685

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About Decrypt

Decrypt Logo

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 10 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 1d ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #63

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