Crypto Volatility Might Rise After The Major Key Events Ahead

The crypto market has been filled with so much volatility in the past months. Bitcoin price barely gained a 1% increase to the $20,373 mark; Ethereum and other altcoins prices are still in the dump. Crypto community members and experts predict a further slump come October. Amidst the market highs and lows, the industry is set to record three significant events this week. Perhaps, the market will experience more volatility in the coming months, considering the happenings in the industry in the previous months. Related Reading: Here’s Where Investors Expect Cardano (ADA) Price To Be At The End Of September Merge Might Affect The Crypto Market This week comes the most intensive upgrade in Ethereum history, known as the merge. The merge is slated to take place around September 15. During the merge, the Ethereum blockchain will transition from proof-of-work (POW) to proof-of-stake (POS). Ethereum mining rewards are approximately 13,000 ETH per day in the present POW system. After the merge, the staking rewards will become only 1,600 ETH per day approximately. According to a blog post by the Ethereum Foundation on the official website, ETH issuance will drop by 90% after the merge. The burning of ETH will be at an average gas price of 19 gwei, and 1,600 ETH will be burned daily, reducing net ETH inflation to zero. Countdown to the time of the merge upgrade is one, but the unavoidable fact is the increase in market volatility post-me...