Main Takeaway: Calm Weekend For The Crypto Markets
The weekend experienced a steady increase for crypto, with most coins up 3% to 5% from their last week’s lows. Bitcoin and Ethereum are trading at $21,000 and $1,400 respectively, and many of the other coins in the top 15 such as Cardano, Solana, Dogecoin, Polkadot, Polygon, and Avalanche are up 1% to 3%.
Key Stories: Ethereum Merge
Ethereum developers have set a tentative date for Ethereum’s transition from Proof of Work to Proof of Stake – also known as the Merge, this event is now scheduled for the end of September assuming all tests go smoothly. This news was bullish for Ethereum’s price action over the past few days and has caused it to move from $1,000 to $1,400.
Today’s Top Gainers
The top five coins on Phemex are Gifto (GTO/USDT), Optimism (OP/USDT), Ethereum Classic (ETC/USDT), Dent (DENT/USDT), and Lido Dao (LDO/USDT).
