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Bitcoin, Ethereum, Dogecoin Trade Mixed as Shanghai Upgrade Nears: Analyst Says Apex Crypto Could Breakout If This Happens

Benzinga ·  Apr 9, 2023 23:02

Major coins traded in the mixed on Sunday evening, as investors continue to anticipate the impending regulatory challenges.

Cryptocurrency

Gains (+/-)

Price (Recorded 9:30 p.m. EST)

Bitcoin (CRYPTO: BTC)

+0.75%

$28,281

Ethereum (CRYPTO: ETH)

-0.40%

$1,850

Dogecoin (CRYPTO: DOGE)

+0.65%

$0.082

What Happened:The highly anticipatedEthereum Shanghaiupgrade is just a few days away, and it's generating quite the buzz. But despite the rollout, there's no sign of selling pressure. This is largely due to the fact that a significant amount of stakedEthereum(CRYPTO: ETH) is currently at a loss.

According toCryptoQuant'sresearch report released in February, a significant proportion of ETH that has been staked is currently experiencing losses. The study reveals that the average ETH...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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