Ether drops to lowest in seven weeks as traders divert attention from the Merge – The National

Ether drops to lowest in seven weeks as traders divert attention from the Merge – The National

Ether dropped to a seven-week low and a bonus token awarded to holders of the digital asset tumbled as cryptocurrency investors turned their attention back to the broader sell-off in riskier assets.

Ether, the native currency of the Ethereum blockchain, fell for five straight sessions, dropping as much as 6.5 per cent to $1,407 on Friday to the lowest since July 27.

It was largely holding those losses on Saturday.