Bitcoin, the world’s largest cryptocurrency by market capitalization, was up Friday by 2.3% as of press time.
The price of bitcoin climbed from $36,038 at 01:30 UTC Friday, a 4.1% gain on some rocky trading patterns, based on CoinDesk 20 data.
A 4% price ride for bitcoin Friday is actually relatively stable for the asset, which can often see double-digit gyrations on weekdays.
On Thursday, bitcoin’s trading volume was at $43 billion total on spot exchanges, 26% higher than ether’s $33 billion.
Ether, the second-largest cryptocurrency by market capitalization, was trading around $2,397 as of 21:00 UTC , losing 1.8% over the prior 24 hours.
Ether slipped from $2,492 at 23:00 UTC Friday, a 4.6% up-and-down pattern, based on CoinDesk 20 data.
Indeed, Genesis’s “Shadow Term Structure” chart, which shows the path of implied volatility based on future strikes, is dropping the further away the date.
After exceeding $12 billion in trading volume on decentralized exchanges, or DEXs, May 19, the amount of crypto changing hands on these venues fell to below $2 billion by June 6.
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