Cryptocurrency prices have fallen sharply since the beginning of the year, but have recently recovered in the late spring.
Ethereum. The Union, the eagerly awaited transition of Ethereum (CRYPTO: ETH) from the proof-of-work agreement to proof of stake, was completed the previous week.
While it has been a common misconception that The Consolidation will speed up exchanges on the Ethereum network and reduce costs, there will be other benefits.
Bitcoin. While Ethereum has been the centre of attention in front of The Union, Bitcoin (CRYPTO: BTC) has quietly recovered, gaining around
15% since mid-June, when it fell to the cycle low of $17,664. Following The Consolidation, Bitcoin, the top cryptocurrency by market valuation,
will continue to stand alone as the major source of work validation in the crypto realm.