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Bitcoin fights to stay above 23,000, plus the latest on ethereum

Yahoo Finance Live anchor Brad Smith looks how ethereum is performing after it finished its third and final testnet merge.

Video transcript

BRAD SMITH: Everyone, let's take a brief look at crypto as we're tracking this. And of course, the crypto markets don't trade, even though we're about 23 minutes-- or they don't close, I should say, even though we're about 23 minutes into trade here in the equity markets.

Taking a look at BTC-USD first. This move has been particularly interesting to track. Not just intraday, taking a look at it up by about 2.7%. But let's actually take a look at the month-end quarter, as we've been tracking that as well here. Because particularly over the past 62 days, yeah, still down. However, when you're taking a look at these past 10 days and the move higher that we've been tracking as well, 6.4% in aggregate.

But this most recent leg here that we've been tracking, as we're trying to maintain these levels above 23,000 and see if we can see a more concerted move to the upside from there, that's where we're gonna see if we actually maintain these levels at about 24.6, 24.7 as of right now.

Just going back very briefly as well and checking in on Ethereum because this is a really critical time for Ether, as we've been tracking even this move higher by about 4.4% on the day. It comes as there are significant changes being made in that blockchain. And so as that moves forward from here, we could have to keep a very close eye on where Ethereum continues to move. But as of right now, $1,900, just above that.