Why Ethereum Sank 5% Today, While the Crypto Market Inched Higher
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Concerns around Ethereum’s finality, with hours-long delays in some transactions being approved, has some investors on edge.
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These concerns led to a sharp selloff in prior sessions, and are clearly impacting trading activity in Ethereum today.
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Here’s what these issues may mean for Ethereum’s underlying fundamentals, and one key metric in particular investors appear to be watching closely.
One of the bigger movers in today’s market (and unfortunately, not in a good way) is Ethereum (CRYPTO: ETH). Tokens tied to the world’s second-largest cryptocurrency by market capitalization sank 5.1% over the past 24 hours, as of 12:15 p.m. ET. This move came despite the broader crypto…
