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Bitcoin, Ethereum, Dogecoin Trade Mixed As ETH Finalizes 'Dencun' Upgrade: Analyst Warns Of Potential 'Liquidity Crisis' For King Crypto

Benzinga ·  Mar 13 23:51

Major cryptocurrencies traded mixed on Wednesday evening asEthereum, the second-largest cryptocurrency, concluded the'Duncun'upgrade.

CryptocurrencyGains +/-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...

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