Ethereum (ETH) goes up 5% on network update day; Bitcoin (BTC) operates stable

Charlie Taylor

The Ethereum (ETH) is trading at US$2,604 this Thursday morning (5), up 5% in the last 24 hours, according to CoinMarketCap. In reais, the digital asset is quoted at R$13,582. In the accumulated of seven days, the second largest cryptocurrency in the market – which has a capitalization of US$ 304 billion – accumulates an appreciation of 12.58%. On Wednesday night (4), the Ether reached US$ 2,751, the highest price of the month. The market is on the rise because this morning the Ethereum hard fork London is activated. In summary, this update will bring five improvements that will make networking faster and cheaper. Among the most anticipated changes is EIP-1559, which will help reduce data movement costs in the cryptocurrency blockchain, as well as increase scarcity.

Bitcoin (BTC) and altcoins

Bitcoin (BTC) dawned with a slight increase of 0.95%, trading at US$ 38,132 this morning. In real, according to the Price Index of the Bitcoin Portal, the BTC is quoted at R$199 thousand. The other altcoins are also operating at a high on this Thursday. Binance Coin (BNB) rose 1% and saw its price return to $325. Cardano (ADA) is worth $1.31 after rising 1.67% and Dogecoin (DOGE) is traded at $0. 19 after registering a slight increase of 0.38%. Uniswap (UNI) appreciated 7.56% and hit US$ 22.59, while Polkadot (DOT) rose 6.52% and hit US$ 18.39.

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