Home > Crypto in a Minute > Post-Merge Selloff >
  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Youtube
Subscribe Phemex

Get The Latest News And Updates From Phemex!

Post-Merge Selloff

Author: Jeffrey Craig Date: September 16, 2022

  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Youtube
Subscribe Phemex

Get The Latest News And Updates From Phemex!

september-16-daily-update

Main Takeaway: Successful Merge Not Boosting Prices

The Ethereum network successfully changed its consensus mechanism to Proof-of-Stake, but that didn’t help turn the recent tide of falling crypto prices. Moreover, it gained the attention of SEC Chairman Gary Gensler who said that might trigger US Securities laws.

The crypto markets continued their decline d-o-d with a 3% selloff marketwide, once again causing the entire market cap to drop under $1 trillion. Markets will continue their volatility to the downside until further actions from the US Fed next week. US interest rates are expected to get another 75 bps rate hike next week, so markets are once again adjusting to price these in.

Today’s Top Gainers

The top five performing coins on Phemex d-o-d are FC Porto Fan Token (PORTO/USDT), Santos FC Fan Token (SANTOS/USDT), PERL.eco (PERL/USDT), Lazio Fan Token (LAZIO/USDT), and Cosmos (ATOM/USDT).


For any inquiries contact us at support@phemex.zendesk.com
Follow our official Twitter | Join our community on Telegram
Trade crypto on the go: Download for iOS | Download for Android
Phemex | Break Through, Break Free
start trading start trading start trading

Register On Phemex Now To Begin Trading

Register On Phemex

More Articles

DOGE Soars On Twitter Payments Potential

DOGE Soars On Twitter Payments Potential

Jeffrey Craig | November 28, 2022

MetaMask & Infura’s New Data Policy

MetaMask & Infura’s New Data Policy

Jeffrey Craig | November 25, 2022

Fed Minutes Sends Conflicting Signals

Fed Minutes Sends Conflicting Signals

Jeffrey Craig | November 24, 2022

JP Morgan Crypto Wallet

JP Morgan Crypto Wallet

Jeffrey Craig | November 23, 2022

Subscribe Phemex

Get The Latest News And Updates From Phemex!

Get The Latest News & Updates!