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Market Interest In Ether Is On The Decline Days After Launch Of Ethereum 2.0's Beacon Chain

Emily Mason

Summary: Ether was down Friday trading near $580 and dropping 4% in 24 hours days after the launch of Ethereum 2.0's Beacon Chain. “Volumes are decreasing and implied volatility is dropping. There is no clear decisiveness at the moment,”  chief executive officer for data aggregator Genesis Volatility, Greg Magadini, told Coindesk. He shared that market interest in ...

Ether was down Friday trading near $580 and dropping 4% in 24 hours days after the launch of Ethereum 2.0's Beacon Chain.

“Volumes are decreasing and implied volatility is dropping. There is no clear decisiveness at the moment,”  chief executive officer for data aggregator Genesis Volatility, Greg Magadini, told Coindesk.

He shared that market interest in Ether is on the decline after a surge of Ether options volume on derivatives venue Deribit at the end of November. Magadini added that traders are taking a 'wait and see' approach while trading in the ETH options market.

By Emily Mason

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