Home Cryptocurrency Bitcoin Struggles After Inflation Report; California’s crypto law is a misstep, legal experts say

Bitcoin Struggles After Inflation Report; California’s crypto law is a misstep, legal experts say

by SuperiorInvest

Ether, the second-largest cryptocurrency by market value, followed a similar pattern, changing hands below $1,600, down roughly 6% from the previous day, as inflation concerns trumped enthusiasm for Merge. The Merge, the move of the ethereum blockchain from a slower and more energy-efficient proof-of-work protocol to proof-of-stake, is expected to happen on Thursday, although recent activity in ETH, even before the disappointing CPI, indicated that a significant price increase had already taken place.

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