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Fresh Off The Block: Major coins continue trending downwards, 'crypto winter' continues and more

Khairani Afifi Noordin
Khairani Afifi Noordin6/13/2022 10:48 AM GMT+08  • 2 min read
Fresh Off The Block: Major coins continue trending downwards, 'crypto winter' continues and more
More than half of affluent investors in Asia hold digital assets; Gemini laying off 10% of its workforce.
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The largest cryptocurrencies by market capitalisation continue to trend downwards over the past week, with Ethereum, Solana, Dogecoin and Polkadot declining over 20%.

Ethereum, which is moving to a proof-of-stake model, fell 24.5% over the past 7-days to US$1,369 apiece, despite a successful “merge” trial last week. The highly anticipated merge is slated to take place within the second half of the year.

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