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Crypto Market Volatility Ahead of Shapella Upgrade and SEC Reassurance

1 min read
Source: CoinDesk
Crypto Market Volatility Ahead of Shapella Upgrade and SEC Reassurance
Photo: CoinDesk
TL;DR

Bitcoin fell below $30,000, while Ether traded just over $1,860, leading the drop among major tokens. Liquid staking tokens, including Lido's IDO governance tokens and Rocket Pool's RPL, also slumped. Traders likely took profits ahead of the U.S. Consumer Price Index for March and the much-awaited Shapella upgrade for the Ethereum network. The upgrade will allow investors to withdraw their ether staked on the Ethereum blockchain, which could prove bullish for ether as staking becomes more accessible to users.

Topics:businesscryptocurrency#bitcoin#cryptocurrency#ether#market-drop#shapella-upgrade#staking-tokens
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  1. Bitcoin Slips Under $30K, Ether Staking Tokens Take a Beating Ahead of Shapella Upgrade  CoinDesk
  2. BTC Holds $30K, ETH Slides Before Shapella Upgrade  Benzinga
  3. Does Bitcoin's Rally Make Any Sense? - RealMoney  RealMoney
  4. Bitcoin Holds Firm Above $30K, Ether Hovers Near $1.9K Ahead of CPI, Shapella Upgrade  CoinDesk
  5. Crypto spikes as SEC reassures public  Bangkok Post

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