AMC into Single Digits

AMC has taken a sharp decline down after the Bed Bath and Beyond situation. On Monday, APE started trading near $6 a share. APE is AMC's latest preferred stock dividend. It sent AMC price downward under $10 a share after launch.

Todays markets aren't helping out as the Nasdaq starts the day down more than 2%. Have we seen the end of this short term bounce? Jerome Powell spoke earlier, and the market is anticipating continuous rate hikes in the near future.

The cryptocurrency markets are following suit, as Bitcoin falls below $21,000 and Ether $1,600. Cryptocurrencies have bounced back off recent lows, but are looking to test them again if it keeps getting worse.

As the merge approaches it will be interesting to see how prices will move leading up to the change. Will the merge be good for the future price of Ether? Could a Proof of Work fork drag away money away from the main chain?