Ethereum moved above $2,000 on Thursday, as markets continue to react to the successful Shanghai update. The upgrade, which is also known as “Shapella,” took place late last night, enabling withdrawals on the blockchain. Bitcoin remained above $28,000.

Bitcoin

Bitcoin (BTC) continued to trade above the $30,000 mark on Thursday, as crypto markets remained buoyed by the latest U.S. inflation report, which fell to 5%.

Following a $29,725.57 low on Wednesday, BTC/USD rose to an intraday peak of $30,462.48 earlier in the day.

This move sees bitcoin remain near a ten-month high of $30,584, which it hit during Tuesday’s trading session.

Looking at the chart, today’s slight rise in price comes as the 14-day relative strength index (RSI) bounced from its floor at 6

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Author: Eliman Dambell

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