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Motley Fool
Post-Merge, Ethereum, Ethereum Classic and Ravencoin Are All Getting Hit Hard
Today’s price action in the world of cryptocurrencies has once again reflected the bearish sentiment of a broad swath of growth investors. As of 10 a.m. ET, Ethereum (CRYPTO: ETH), Ethereum Classic (CRYPTO: ETC), and Ravencoin (CRYPTO: RVN) plunged 6.7%, 10.5%, and 7.9%, respectively, over the past 24 hours. This move follows last week’s completion of Ethereum’s The Merge, posing a critical question to investors with respect to whether this major upgrade as a “buy the rumor, sell the news” event.
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