Ethereum (ETH-USD) is outpacing Bitcoin (BTC-USD) in price gains today after the Ethereum network completed the important Shapella software upgrade.
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At $30,000, Bitcoin has finally managed to crawl back to levels last seen before the crypto market was hit with a string of big-name failures.
While Bitcoin has posted nearly 82% gains so far this year, Ethereum has been a laggard with ~65% gains. Nonetheless, today’s 6% gain indicates Ethereum has not been hit yet with a wave of selling after the Shapella upgrade unlocked staked Ether worth about $30 billion.
How the two major cryptocurrencies move from here will hinge on the next direction the U.S. Fed takes in May.
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