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The long-awaited upgrade, called Taproot, was deployed early Sunday morning, with developers expecting it to unlock the potential for bitcoin smart contracts and helping bitcoin compete more directly with the likes of ethereum and its many rivals.
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Good to know: Europe must ban bitcoin mining to hit the 1.5C Paris climate goal, say Swedish regulators ⚡ Taproot goes live ⚡įour years in the making: Bitcoin's first major upgrade in four years has been activated, expected to improve privacy, scalability and security on the bitcoin blockchain. Cardano is up almost 2% while solana and ethereum are leading the top ten higher, each with a 3% increase. Cardano is currently down 20% since its pre-update highs.Ĭardano and the rest of the crypto top ten have risen since this time yesterday, though. Traders may want to look back at cardano's post-upgrade performance since September to see what might be in store for bitcoin in the coming months, however. The bitcoin price is back near its all-time highs of around $69,000 set last week following the activation of bitcoin's Taproot upgrade yesterday. The following is an excerpt from the daily CryptoCodex email newsletter.Ĭryptocurrencies are climbing across the board this morning, with the combined market value again knocking on the door of $3 trillion.