Ether retreated below $1.9K on Thursday a day after surpassing this level and reaching its highest point since August. Still, ETH has gained over 4% over the past seven days as the market eyes Ethereum’s April 12 Shanghai upgrade. _jocelynyang_ reports
), the largest cryptocurrency by market value, was changing hands at around $28,100, down 0.1% from Wednesday, same time. BTC has been range-bound between $27,200 and $28,200 for much of the past three weeks., which measures overall crypto market performance, was recently off 1% from a day ago.
Brendon Sedo, a contributor to layer 1 blockchain Core DAO, highlighted in an email to CoinDesk that with the demands for bitcoin rising, miners increase profitability, leading to “growing competition” among them “to secure the Bitcoin network.”Major stock indexes turned green as investors awaited Friday’s U.S. Labor Department’s nonfarm payrolls job report for March. The S&P 500 closed up 0.3% while the tech-heavy Nasdaq rose 0.7%. The Dow Jones Industrial Average was flat.
“When a plethora of markets will be closed, we will see if traders will look to take advantage of the one market that trades 365 days a year,” Edward Moya, senior market analyst at foreign exchange market maker Oanda, wrote in an email Thursday. “Bitcoin remains near the upper boundaries of its trading range and could see a good chance to breach the $30,000 level over the weekend when some of its derivatives are not actively trading.
Moya added: “If the NFP report misses massively and supports the idea that the economy is in worse shape, we could see that provide a major boost for crypto.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Ether Breaking Out Ahead of Ethereum’s Shanghai Upgrade: Bernstein.BernsteinBuzz says with Ethereum's Shanghai upgrade scheduled for April 12, ether is showing early signs of relative strength versus bitcoin. By willcanny99.
Leer más »
Ethereum's Shanghai Upgrade Could Bring $2.4B Selling Pressure to Ether: ObserversThe impending unlocking of $ETH locked in the Ethereum network since December 2020 may see some holders rushing to liquidate their holdings, which could bring $2.4 billion worth of selling pressure to the market. Reports godbole17.
Leer más »
Ether Circles Above $1.9K as Shanghai Hard Fork NearsEther, the native token of the Ethereum blockchain, circled above $1,900 for much of Wednesday a week before the Shanghai hard fork. Earlier in the day ETH surged to $1,941, its highest level since last August. _jocelynyang_ reports
Leer más »
Ether Hovers Around $1.9K Ahead of ‘Shapella’ UpgradeThe interest in ether trading comes ahead of Shapella, a portmanteau of Shanghai and Capella, two major Ethereum network upgrades expected to occur simultaneously on April 12. Shapella will allow investors to withdraw their ether staked on the Ethereum blockchain. Runa Digital Assets Chief Operating Officer Max Williams discusses what to expect from Shapella, sharing insights into ether's supply since the Merge, ETH staking yield outlook, and Layer 2s like Arbitrum and Optimism.
Leer más »
ETH hits 7-month high ahead of Shanghai and Capella upgradesEther has breached a $1,900 resistance level for the first time in over seven months, a week before the Shanghai and Capella upgrades allow the withdrawal of staked Ether.
Leer más »