Multiple Updates in MySQL

Question

I know that you can insert multiple rows at once, is there a way to update multiple rows at once (as in, in one query) in MySQL?

Edit: For example I have the followi

Answer 1

And now the easy way

update my_table m, -- let create a temp table with populated values
    (select 1 as id, 20 as value union -- this part will be generated
     select 2 as id, 30 as value union -- using a backend code
     -- for loop 
     select N as id, X as value
        ) t
set m.value = t.value where t.id=m.id -- now update by join - quick