BTC Rallies to $28,000, Records Highest Weekly Close in 9 Months
Over the past week, the BTC price recorded an unprecedented surge, hitting $28,000 and registering its highest weekly close in 9 months. Overall, BTC gained 35% against the USD last week, and it has outperformed Wall Street this year.
However, traders and analysts are wary; they believe BTC could still retest support at lower levels. Bulls need to protect $26,800 and $26,000 if BTC has to continue its positive run in 2023.
At the time of writing, BTC trades at $27,950, and there is buying at higher levels. Analysts expect a push to $28,900 before correcting. We’re in for a few exciting sessions.
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CRYPTO NEWS WEEKLY ROUNDUP:
April 12: Ethereum Devs Confirm Shanghai Mainnet Upgrade Date
During the All Core Developers Execution Layer #157 call on March 16, Ethereum core devs set a date of April 12 for the impending Shanghai hard fork.
This announcement came after the Shapella upgrade went live on the final Goerli testnet on March 14. Five Ethereum Improvement Proposals (EIPs) are included in the Shanghai upgrade:
> EIP-4985: Enables staked ETH withdrawals on the Beacon Chain
> EIP-3651: Correct a previous oversight, allowing validators to access the ”COINBASE” address at a lower gas cost (unrelated to the exchange)
> EIP-3855, EIP-3860, and EIP-6049: These are related to reducing gas fees for developers
The exact date and time: April 12 at 10:27:35 pm UTC, epoch 6209536.
Uniswap Launches on BNB Chain After Overwhelming Vote of Confidence
Last week, Uniswap v3 launched on the BNB Chain. 0x Plasma Labs proposed to deploy Uniswap v3 on the BNB Chain in February, and over 55 million UNI token holders (66%) voted in favor of it.
This expansion will help Uniswap reach a new audience and increase awareness among retail and institutional investors, facilitated by BNB Chain’s large DeFi developer community.
The move also offers the advantages of exposure to new geographical markets, high speed, and low transaction fees to swap and trade tokens across the network. This also improves the value proposition for BNB Chain.
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