Ethereum Sinks 10% on 7-Block Reorg -- Here's What to Know

Ethereum Sinks 10% on 7-Block Reorg -- Here's What to Know·Motley Fool

Ahead of the upcoming "merge" that will combine the Ethereum (CRYPTO: ETH) proof-of-stake Beacon Chain with its existing network, anticipated for August, investors have yet another headwind to grapple with today. As of 9:30 a.m. ET, Ethereum is the worst performer among top 10 cryptocurrencies by market capitalization, dropping 10% over the past 24 hours. This move was driven by a seven-block reorganization, or reorg, yesterday.

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