Ether and ADA in the green ahead of respective upgrades
Bitcoin has lagged so far in September, down 1.49% at $19,704 over the past week, having surrendered gains made on Friday following jobs data in the U.S. Elsewhere, ether gained more than 4% and was trading at $1,551, while Cardano’s native token ADA soared 10.69%.
The Merge is set to happen in September, completing Ethereum’s move from proof of work to proof of stake after years of planning. During the build-up, traders were busy betting on the upgrade. Elsewhere, Ethereum co-founder Charles Hoskinson’s Cardano has a firm date for its own upgrade, dubbed vasil. The blockchain’s token, cardano, rose more than 10% to $0.498.In August, ether derivatives soared while bitcoin declined, and LedgerPrime noted in its market report this week that bearish bitcoin options strategies have been predominant.
Source
https://t.me/CryptoMarketUpdates
