Discrepancy in the price of digital currency in the market

As hope increases for the highly awaited software upgrade of the Ethereum blockchain network, cryptocurrency values ​​today rose for a second day, with Bitcoin trading above the $23,000 level and ether-related tokens leading the gains.

The biggest and most well-known cryptocurrency in the world, Bitcoin, increased by more than 5% to $23,868. According to CoinGecko, the market capitalization of all cryptocurrencies rose past $1 trillion today, jumping more than 4% in the previous day to reach $1.14 trillion.

However, the second-largest cryptocurrency, Ether, which is connected to the Ethereum network, increased by about 7% to $1,714. Shiba Inu price likewise increased by over 5% to $0.000015, while Dogecoin price was over 5% higher today at $0.06.

The transition of Ethereum from its present mining-based structure to a more energy-efficient system based on staked coins is almost complete. It is anticipated that this so-called proof-of-stake system would be implemented in September.

A number of events are being planned for prospective stakers and other community members in the upcoming weeks as Ethereum developers have indicated steady progress in testing the new system. Over 21% of Ethereum Classic's value increased.
As XRP, Solana, BNB, Litecoin, Stellar, Chainlink, Apecoin, Avalanche, Polkadot, Tether, Polygon, Tron, and Uniswap prices were trading with gains over the last 24 hours, other cryptocurrency values ​​today also performed better.

The broader cryptocurrency market, meanwhile, continued to gain from traders reducing their bets on Federal Reserve hikes after a dismal economic reading stoked worries of a US recession.

According to Reuters, US banking regulators have ordered the cryptocurrency company Voyager Digital to stop making "false and deceptive" statements that the cash of its clients are secure. Voyager was one of many cryptocurrency companies that struggled after the widespread turbulence in the market.