Share this article

First Mover: Bitcoin 'Comatose' Under $16K for Rest of 2020, While Ether Traffic Eases

Bitcoin is stuck in an ever-tightening range between $10.5K and $10.8K and appears set for a breakout, though options trading suggests $16K might represent an upper bound in 2020.

By Bradley Keoun, Omkar Godbole, Sebastian Sinclair

Updated Sep 14, 2021, 10:06 a.m. Published Oct 8, 2020, 12:54 p.m.

Reduced traffic means less congestion on the Ethereum network and reduced fees.