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

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

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.

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.