Bitcoin, Ethereum prices drop after monumental Merge

Uncertainty prevails Bitcoin price action as Ethereum trends downward despite the successful Merge as Bitcoin price trades below $20K, while Ethereum price drops 8%. The most famous cryptocurrency in the world is spending a second day threatening $20,000 support on September 15 as markets celebrate the Ethereum’s Merge.

The largest cryptocurrency broadly failed to regain lost ground after surprise United States inflation data on Sep. 13 sent risk assets into a nosediving.

Down 13.5% versus the week’s top at the time of writing, Bitcoin offered little inspiration to traders who were still eyeing further losses. Bitcoin trades now at $19,835 versus Wednesday’s closing price of $20,241.


Traders are looking forward to any development that can take Bitcoin price up to $20,800. Until then, several traders expect a bit more downside. Probably markets will remain calm until FOMC’s decision next Wednesday. Maybe jobless claims of today have an impact, but there is a lack of explanation since the S&P 500 and Nasdaq Composite Index were modestly up at the start of trading, like crypto still to recover from losses earlier in the week.