This Week in Coins: Ethereum Slides 11% Despite Ropsten Testnet Merge

[Jaya60]

Are we firmly in a Crypto Winter? It was another down week for the leading coins as regulators continued their scrutiny of the industry. Market leader Bitcoin weathered the storm better than most leading coins and declined just 3% in the last seven days. It trades for $28,733 at the time of writing.

Ethereum wasn’t as lucky. The No. 2 cryptocurrency by market capitalization fell 11% over the week and currently trades for $1,579. That was despite the long-awaited Ethereum "Merge" to proof-of-stake got one step closer to its expected August completion when the merge trial successfully went live on the Ropsten testnet on Wednesday.