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CoinGape
2022-08-29 08:30:47

Ethereum (ETH) Price Turns Deflationary Even Before The Merge, Here’s Why

Ethereum (ETH) Price Turns Deflationary Even Before The Merge, Here’s Why

Ethereum (ETH) price is set to be deflationary after the Merge due to the EIP-1559 burning mechanism. However, the ETH price continues to dive below $1500 even before the Merge. The pressure is due to whales selling their ETH holdings, Fed Chair Jerome Powell’s rate hikes cues, and almost $2 billion in options expiry on The post Ethereum (ETH) Price Turns Deflationary Even Before The Merge, Here’s Why appeared first on CoinGape.

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