First Mover Asia: Major Cryptos Remain Unstirred by Inflation Data, Ethereum Shanghai Fork

Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at about $29,900, down the better part of a percentage point over the past 24 hours. Ether, the second largest crypto in market value, was hovering around $1,905, up almost a percentage point. Many investors had been looking for both cryptos to react more strongly to Wednesday’s events, particularly the Ethereum “hard fork,” a continuation of the platform’s transformation from a proof-of-work to a faster, more efficient proof-of-stake protocol.