According to network observers, Ether leads the cryptocurrency markets in terms of market value growth rate. During the day, the price of ETH increased by almost 7%, reaching at some points the level of $2130. According to the results of the seven-day session, ether grew by almost 13%, and the market capitalization of the asset exceeded $252 billion. On Friday evening, April 14, the value of ETH slightly decreased and the asset is traded within $2097.
Experts of the crypto community, commenting on the possible consequences of the hard fork and the resumption of operations to withdraw assets from the Ethereum staking pool, did not assume that this could lead to any significant pressure from sellers or an increase in the price. However, since Thursday, April 13, ETH has been showing strong growth, regaining its eleven-month high positions.
“It is possible that after a successful network upgrade and obtaining guarantees for a safe return of ETH, there will be more investors who want to lock up some liquidity again, thereby reducing the available supply of the asset,” Matthew Niemerg, co-founder of the Aleph Zero blockchain network, suggested.
Etherscan data shows that a total of 27,746 ETH ($58.5 million) has been withdrawn from staking since the upgrade was completed. According to web browser Ratedabout 300,000 users have applied for withdrawal of funds, while only 17,000 plan to fully withdraw their assets.
Earlier, in a notice to customers of the Binance cryptocurrency exchange, it was reported that depending on the load on the Ethereum network, the withdrawal process could take from 15 days to several weeks.
Source: Bits
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