Bitcoin breaks out of the wedge pattern, Shanghai upgrade to unlock Ethereum staking

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Yesterday's Cryptocurrency Market Overview

Here is a summary of the top ten gainers in the cryptocurrency market from yesterday:

Last night, Bitcoin broke through the upper edge of a two-week wedge pattern, approaching the 30,000 integer level with a 4.71% increase in the past 24 hours.

Ethereum's Shanghai upgrade is set to take place on April 13th in Taiwan time. With the advent of a new era where staked Ether can be withdrawn, the trend of Ether is also drawing much attention. Ether is currently above 1,900 with a 2.83% increase in the past 24 hours.

CPI to be Released Soon, Market Expects Rate Hike in May

Last Friday's U.S. non-farm payroll data and unemployment rate showed that the U.S. job market remains strong. The Consumer Price Index (CPI) for March, which will be released tomorrow night, is the final inflation data before the Federal Reserve's interest rate decision in May, drawing significant market attention. As the market expects a gradual decline in the inflation rate, the focus has shifted to whether the U.S. economy is heading towards a recession. Currently, the market predicts a 71.3% probability of a one-rate hike by the Federal Reserve in May.