"Shanghai Upgrade Sparks Uncertainty for Bitcoin and Ethereum Investors"

1 min read
Source: CoinDesk
TL;DR Summary

Bitcoin and Ether are showing slight gains in the Asia trading week, with Bitcoin up 1.3% at $28,383 and Ether up 0.5% to $1,863. BitBull Capital CEO Joe DiPasquale suggests that a sharp move may be around the corner due to the market leader's tight range and lowering volume. Meanwhile, Ether's relatively flat performance may not bring selling pressure during the Shanghai upgrade scheduled for mid-week, as the majority of staked Ether is currently at a loss. CoinDesk Chief Content Officer Michael Casey argues that the recent backlash against the crypto industry stems from the alleged misdeeds of disgraced FTX CEO Sam Bankman-Fried.

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