Following a slight uptick on Thursday, both bitcoin and ether saw declines on Friday.
As there is no significant catalyst to raise prices, both digital assets are still trading sideways.
Following a 5% spike on Thursday, the price of Bitcoin (BTC) dropped 4% on a light volume on Friday.
When compared to its 20-day moving average, Ether (ETH) decreased by 3% on a moderate volume. The price of ether is down 65% year to date and 12% week to week.
The Merge has thereby significantly decreased ETH's inflation rate, even though it has not been deflationary in the traditional sense.
The overall market index, which gauges the performance of a selection of cryptocurrencies, decreased 2.79% on the day.