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The Most Significant Change in Crypto w/ Josh Olszewicz



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Valkyrie's Head of Research, Josh Olszewicz, discusses the latest developments in the cryptocurrency market. This is August 22nd, 2022 Midweek Market Update.

- Ethereum's protocol update, which will change he consensus algorithm from Proof-of-Work to Proof-of-Stake, draws closer and is scheduled for around September 15th
- Beacon chain validators and associated staking rewards will be locked into the protocol for at least 6 to 12 months after the Merge
- On-chain activity remains flat or muted for Bitcoin and Ethereum
- On-chain indicators MVRV and the Puell Multiple show oversold conditions for Bitcoin relative to previous historical levels
- Bitcoin and Ethereum continue to hold at or above key price metrics similar to previous bear markets

#Ethereum #weeklymarketupdate #Valkyrie #Charts #Bitcoin #JoshOlszewicz #ethereummerge

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Category
Cryptocurrencies
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