Bitcoin little changed, Ether rose before ‘Shanghai’ upgrade, XRP rose

Bitcoin traded little changed Friday morning in Asia, while Ether rose amid the mixed performance of the top 10 non-stablecoins by market capitalization. XRP is the biggest winner ahead of the summary filing deadline in a lawsuit between the US Securities and Exchange Commission (SEC) and Ripple Labs Inc. Ripple’s payment network is powered by XRP.

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Quick Info

  • Bitcoin is down 0.1% to $16,603 in the 24 hours to 8am in Hong Kong, while Ether is up 1.7% to trade at $1,203. according to CoinMarketCap.

  • Ether’s gains come despite some concerns about the lack of a date for Ethereum’s next network upgrade, called “Shanghai,” the first major update to the network after September’s “Consolidation” to the methodology. verify proof of stake.

  • XRP rose 5.6% to US$0.4, proving to be one of the more resilient tokens amid market volatility following the crash of crypto exchange FTX .com. November 30th is day for both The SEC and Ripple file summary judgments in the lawsuit brought by the SEC against Ripple. Both parties will meet on December 2 to discuss case services.

  • Solana rose 1.6% to $14.58, marking a 6.9% gain over the past seven days. This rally follows the token collapse in the days following the collapse of FTX brokerage Alameda Research, which sold a large amount of their holdings in Solana to try to stay afloat. motion.

  • Litecoin dropped 0.3% to $78.76, ending a consecutive rally, but is still up 26.1% over the past seven days, making it the most active coin on the list. at that time. Litecoin is expected to undergo its third mining reward halving in eight months, which will slow the token supply in half.

  • US stocks are closed on Thursday for the Thanksgiving holiday and will reopen for a short session ending at 1 p.m. Eastern Time on November 25.

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