ETH calls for $ 1.9,000 to Shapella update, BTC calms down at $ 30,000 after CPI volatility (Market Watch)

ETH calls for $ 1.9,000 to Shapella update, BTC calms down at $ 30,000 after CPI volatility (Market Watch)

The CPI numbers of yesterday, as expected, brought a certain volatility to the cryptom market, whereby BTC pumped and promoted by $ 500 within minutes.

The other great news of the day - the upgrade of Ethereum Shapella - has contributed to the fact that the second largest cryptocurrency has increased by 3.5 % and has reclaimed $ 1,900.

Bitcoin calms down at $ 30,000

The end of the last week and Saturday and Sunday stagnated quite for Bitcoin, which stuck at around $ 28,000. Monday was no different, at least in the early morning, but the landscape changed when the day came to an end.

BTC rose to over $ 29,000 and, unlike the previous attempts to overcome this line, did not give up. On the contrary, it continued on Tuesday morning and for the first time since June 2022 blew $ 30,000.

More volatility was expected on Wednesday because the United States wanted to announce the latest VPI numbers. When it became clear that the inflation rates for March were lower than the figures for February and January, BTC initiated a high -altitude flight that drove them up at $ 500.

The price pump was rather short and the cryptocurrency returned to $ 30,000 hours later. From now on it is only traded in centimeters above this coveted line, and its market capitalization has increased to over $ 580 billion. Its dominance over the old coins is over 47 %.

Btcusd. Tradingview

Shapella leads to ETH winnings

Wednesday should also be an eventful day for the Ethereum community. The second largest blockchain went through its most important upgrade since the merger, called Shapella. In the following hours the native token rose by 3.5 % and won $ 1,900.

Dogecoin, Matic, University and Ethereum Classic have added similar percentages in the past 24 hours. Binance Coin, Ripplecardano, Solana, Polkadot, Litecoin and Shiba Inu are also in the green area of ​​the large cap alternatives, albeit to a more modest extent.

arb, Ape and FTM have increased the most with growth of up to 9 % among the top 50 of the alternatives.

Overall, the entire crypto market capitalization has increased over $ 15 billion every day and is almost $ 2.240 trillion at CMC.

Overview of the cryptocurrency market. Quantify crypto