Bitcoin, the largest cryptocurrency by market capitalization was recently trading at about $29,900, down the better part of a percentage point over the past 24 hours. Ether, the second largest crypto in market value, was hovering around $1,905, up almost a percentage point. Many investors had been looking for both cryptos to react more strongly to Wednesday’s events, particularly the Ethereum “hard fork,” a continuation of the platform’s transformation from a proof-of-work to a faster, more efficient proof-of-stake protocol.
Source: https://www.coindesk.com/markets/2023/04/13/first-mover-asia-major-cryptos-remain-unstirred-by-inflation-data-ethereum-shanghai-fork/?utm_medium=referral&utm_source=rss&utm_campaign=headlines