Another Bitcoin and crypto crash? Blame Ethereum and ‘The Merge’

  • The Merge means Ethereum could now possibly pass the “Howey test,” a decades-old framework for determining if an asset is a security.
  • The benefits of The Merge included 99% less energy consumption and, with it, the possibility that Ethereum use may rise-and perhaps even overtake Bitcoin one day.
  • Ethereum is down over 8% in just 24 hours, and the rest of the crypto market is following.