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Bitcoin little changed, Ether rises ahead of ‘Shanghai’ upgrade – Coin24h.com

Bitcoin little changed, Ether rises ahead of ‘Shanghai’ upgrade – Coin24h.com

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Bitcoin traded little changed on Friday morning in Asia, while Ether rose amid a mixed performance among the top 10 volatile coins by market cap. XRP was the biggest winner ahead of filing deadlines in the lawsuit between the US Securities and Exchange Commission (SEC) and Ripple Labs Inc. Ripple’s payment network works with XRP.

See related article: Who is exposed to FTX? A running collection of a fast moving object

Fast facts

  • Bitcoin was down 0.1% at $16,603 in the 24 hours to 8 a.m. in Hong Kong, while Ether was up 1.7% at $1,203, according to CoinMarketCap.
  • Ether’s gains come despite some concerns about missing a date for Ethereum’s next network update, known as “Shanghai,” the first major update to the network since September’s “Unification” of the proof-of-stake method.
  • XRP rose 5.6% to $0.40, proving to be one of the most resilient tokens amid market volatility following the collapse of crypto exchange FTX.com. On November 30th, both the SEC and Ripple will issue summary judgments in the SEC’s lawsuit against Ripple. The two sides will meet on December 2nd to discuss modifications to the case.
  • Solana rose 1.6 percent to $14.58, marking a 6.9 percent gain over the past seven days. This recovery follows the battering the token took a few days after the collapse of FTX brokerage Alameda Research. It sold large amounts of its holdings in Solana to try to stay afloat.
  • Litecoin fell 0.3% to $78.76, ending the streak, but is still up 26.1% over the past seven days, making it the strongest on the chart during that time. Litecoin’s mining fee is expected to halve in the third eight months, slowing the token’s supply by half.
  • U.S. stocks were closed Thursday for Thanksgiving and will reopen for a shortened session ending November 25 at 1:00 PM ET.

See related article: Crypto exchange Bybit is setting up a $100 million fund to help institutional clients

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