Market Wrap: Bitcoin Loses Steam at $15.9K; Over 600K ETH Yanked From DeFi

Bitcoin’s price closed in on $16,000 before losing steam while over $20 million in ether is already staked for the Ethereum 2.0 upgrade.

Bitcoin’s price performance has been choppy while ether options trading has gained steam.

Its price fell Tuesday but the amount of BTC in DeFi is at its highest in over a month.

Bitcoin’s price hit $13,600 before retrenching while some investors pulled crypto out of DeFi.

Bitcoin’s price rise stalled out just before hitting $19,500 Wednesday. The Ethereum network’s fees are in an upswing.