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Ether drops 15% since major Ethereum network upgrade as traders take profits and fret over rate hikes

Ether drops 15% since major Ethereum network upgrade as traders take profits and fret over rate hikes

Ethereum underwent a huge network upgrade called the merge which proponents say will make transactions much more energy efficient. Following the merge, ether prices have dropped following a huge run up ahead of the event.

Jakub Porzycki | Nurphoto | Getty Images

Ether has fallen more than bitcoin since the cryptocurrency’s underlying technology, the Ethereum network, underwent a huge upgrade called the merge.

Ethereum is a blockchain technology…


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