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Fresh Off The Block: Bitcoin surpasses US$25,000 since June, experts mixed on Ethereum’s upcoming Merge Event and more

Chloe Lim
Chloe Lim8/15/2022 03:07 PM GMT+08  • 2 min read
Fresh Off The Block: Bitcoin surpasses US$25,000 since June, experts mixed on Ethereum’s upcoming Merge Event and more
BTC and ETH are trading at US$24,866 and US$1,982 apiece respectively on Aug 15. Cover Image: Bloomberg
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Earlier on Aug 14, Bitcoin surpassed US$25,000 ($34,320) briefly for the first time since mid-June, as momentum continued from lower-than-expected US inflation data and Ethereum’s (ETH) rally.

The cryptocurrency market has had an exceedingly difficult first half of the year as the Federal Reserve (Fed) hiked rates to combat high inflation levels, with the prices of BTC, ETH and many other tokens falling by more than 50%, a Bloomberg report recaps.

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