Ethereum's Price Volatility Continues Amidst Staking Rewards and Institutional Investment.
TL;DR
Ether (ETH) has fallen to its lowest price since April 9, erasing all gains from its recent rally following the successful implementation of the Shanghai upgrade. The cryptocurrency has declined over 13% from a Tuesday high of $2,118 and fallen 5.3% over the past 24 hours, amid wider market uncertainty. Bitcoin has also fallen over 10% from a high above $30,000 on Tuesday, as concerns around inflation, stock market earnings, and recession weigh on crypto markets.
Topics:businesscryptocurrency#bitcoin#crypto-markets#cryptocurrency#ether#price-slump#shanghai-upgrade
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