First Mover Asia: Bitcoin Drifts Lower After Taproot Upgrade; Ether Drops

Posted on by American Coins & Gold

First Mover Asia: Bitcoin Drifts Lower After Taproot Upgrade; Ether Drops
Good morning, Here’s what’s happening this morning:Market Moves: Bitcoin’s highly anticipated Taproot upgrade fails to produce any noticeable price pop.Technician’s take: Short-term upside appears to be limited given the loss of positive momentum.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $64,514 +0.4%Ether (ETH): $4,562 -1.7%Market movesBitcoin was trading flat after Taproot, the blockchain’s biggest network upgrade in four years, went live.The upgrade, which took effect at 5:15 coordinated universal time (1:15 a.m. HKT/SGT), had been closely tracked by cryptocurrency traders and analysts as a supporting market factor, though many experts had…