Market Wrap: Bitcoin Slumps to $10.7K; Ethereum Fees Rise Again

Source: TradingView Bitcoin headed downward Thursday, going as low as $10,735 on spot exchanges such as Coinbase, but recovering to $10,920 as of press time. Bitcoin trading on Coinbase in September.Source: TradingView In the options market, implied volatility, a measure of bitcoin’s forecasted price movement, is much higher than realized volatility, which is based on historical price changes.

Investors still expect an additional price boost from May’s halving, which reduced the new supply of bitcoin coming to market, according to Purdy. Ether fees rise again The second-largest cryptocurrency by market capitalization, ether (ETH), was up Thursday, trading around $388 and climbing 6.1% in 24 hours as of 20:00 UTC (4:00 p.m. ET).

Timeline of Bitcoin, Ethereum, Ultracoin