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Cryptocurrency Market Update – April 02

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Bitcoin has been flat for the past 2 weeks. Korean market have pumped MASK, SXP, APT, and some random coins hard.

Ethereum Foundation confirmed Shapella network upgrade will be on this month on April 12.

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There are 18 million ETH, worth around $32.5 billion, deposited into the Ethereum staking contract since December 2020. Around 59% of those staking ETHs are in profits.

The first 27 hours, there will be around 84,000 to 125,000 releasing from the staking contract after upgrade happened; then, 136,000 to 173,000 per day on the third, and fourth day. Additional 48,000 to 53,000 ETH per day between 19 to 52 days.

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