Bitcoin Struggles Following Inflation Report; California Crypto Bill Is an Overstep, Say Legal Experts

Bitcoin Struggles Following Inflation Report; California Crypto Bill Is an Overstep, Say Legal Experts

Ether, the second biggest crypto in market value, followed a similar pattern and was changing hands under $1,600, a roughly 6% decline from a day earlier as inflation worries trumped Merge excitement. The Merge, the shifting of the Ethereum blockchain from a slower, more energy sapping proof-of-work protocol to proof-of-stake is supposed to occur Thursday, although recent ETH activity, even before the disappointing CPI, has suggested that the most significant price increases have already occurred.

Originally Posted on: https://www.coindesk.com/markets/2022/09/14/first-mover-asia-bitcoin-struggles-following-inflation-report-california-crypto-bill-is-an-overstep-say-legal-experts/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Sam Reynolds, James Rubin

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