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...
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