Market Wrap: Bitcoin Jumps to $13.7K, Nearing 2019’s High; Ether Volatility Reverses Course

Bitcoin made gains Tuesday toward its 2019 high while ether’s volatility rose after an October in decline. Bitcoin’s price was on a steady run upward Tuesday, hitting as high as $13,756.33 before settling down to $13,668, according to CoinDesk 20 data.

“Based on the bitcoin options data, a lot of traders are hedging and locking-in profits and current price levels,” Daniel Koehler, liquidity manager at San Francisco-based cryptocurrency exchange OKCoin, told CoinDesk. The second-largest cryptocurrency by market capitalization, ether (ETH), was up Tuesday, trading around $406 and climbing 3.7% in 24 hours as of 20:00 UTC (4:00 p.m. ET).

Timeline of Ethereum, Ultracoin