Despite a bearish market, Genesis’ Q2 was the firm’s largest quarter to date.
"The EIP-1559 upgrade is overrated," one trader said.
Bitcoin is declining as regulatory concerns rise; ether is holding support.
Bitcoin hits its highest level since mid May and has risen more than 15% over the past week.
Analysts expect bitcoin to pause at around $40K before its next leg up.
Ether outperformed bitcoin in terms of volume growth and price performance.
The price of bitcoin cash and ether also rose in the past 24 hours.
Bitcoin sellers are expected to cover positions, which could lead to higher prices next week.
Bitcoin is holding up following a strong bounce from $30,000 support.
Bitcoin and other cryptos rallied as Musk boosted bullish sentiment during The B Word conference.
The tech entrepreneur and provocateur said he personally owns bitcoin, ether and, naturally, dogecoin.
The Federal Reserve chief signaled the U.S. central bank isn’t likely to dial back monetary stimulus anytime soon.