Business Standard

Cryptos' volatility seen leading to purge of 'Merge frontrunners'

Speculators have scooped up Ether call options with traders waging the token's price could rise to around $2,200 in September in the past few weeks

Cryptocurrency, Crypto market
Premium

Investors anticipate the software upgrade can boost the token’s price since the new mechanism replaces a process, in which crypto miners use energy-intensive computers to secure the network

David Pan | Bloomberg
Ether is outperforming Bitcoin for a third consecutive day amid expectations that the intermittent bouts of optimism over the pending upgrade of the Ethereum blockchain will finally take root. 
The native currency of the most commercially important blockchain gained as much as 2% to $1,716 as of 10:51 a.m. in New York. Bitcoin was little changed at about $21,693. Other tokens such as Solana and Cardano were trading on either side of unchanged. 

Speculators have scooped up Ether call options with traders waging the token’s price could rise to around $2,200 in September in the past few weeks, while showing more

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 25 2022 | 11:22 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com