Ether rises after the Shanghai upgrade, bringing year-to-date gain to more than 65%


Source: cnbc.com cnbc.com

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The price of ether climbed on Thursday, after investors put uncertainty surrounding the long-awaited Shanghai upgrade behind them. Ether rose more than 4.5% to $1,989.02, according to Coin Metrics, while bitcoin gained more than 1%. After a two-year lock up period, Ethereum staking withdrawals were enabled by the Shanghai upgrade around 6:30 p.m. ET on April 12. Investors were optimistic but cautious in the weeks leading up to Shanghai, also known as "Shapella." While many agree the upgrade is good for Ethereum in the long-term – because it allows more liquidity to ether investors and stakers which could also be...