Major cryptocurrencies traded mixed on Wednesday evening asEthereum, the second-largest cryptocurrency, concluded the'Duncun'upgrade.
Cryptocurrency
Gains +/-
Price (Recorded 9:30 p.m. EDT)
Bitcoin (CRYPTO: BTC)
+1.39%
$72,994
Ethereum (CRYPTO: ETH)
-1.19%
$3,985
Dogecoin (CRYPTO: DOGE)
-2.47%
$0.16
What Happened: The Dencun upgrade, described as a hard fork in blockchain terminology, was implemented at 9:55 a.m. EDT on Wednesday. This upgrade aims to stimulate expansion on layer-2 networks such as Arbitrum and Polygon by lowering their data fees.
It should be noted that the upgrade did not have any price impact on Bitcoin.
On Wednesday, BTC reached a new all-time high of over $73,600 per coin. The surge can be attributed to the ongoing prosperity of spot BTC ETFs, experiencing unprecedented...