What’s next for Bitcoin and the crypto market now that the Ethereum Merge is over? By Cointelegraph

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What’s next for Bitcoin and the crypto market now that the Ethereum Merge is over?

The Merge came and went, leaving investors to ponder what the next trending development in the market could look like. In a Cointelegraph Twitter (NYSE:) Space with Capriole Fund founder Charles Edwards, the analyst mentioned that excitement over the Ethereum Merge and its bullish price action had somewhat been holding up hope across the market. Now that the event has come and gone, the crypto market has been selling off, with Bitcoin’s (BTC) price trading below $20,000 and Ether’s (ETH) under $1,500.

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Eventually, new narratives and market trends will emerge, and if the fundamentals are right, traders will rotate funds as these new leaders emerge.

ETC hashrate. Source: 2Miners
ERG hashrate. Source: 2Miners
RVN hashrate. Source: 2Miners
FLUX hashrate. Source: 2Miners
BTC/USDT 1-day chart. Source: TradingView