Bitcoin soars more than 10% as it trades above $21000

On Friday, cryptocurrency values all increased, with ether surging more than 6% and bitcoin climbing as much as 10%.

According to data from Coinbase, the price of bitcoin is currently about $21,100, up 9.2% from the previous day.

Ahead of the much awaited Merge next week, the native asset of the Ethereum network is up nearly 7% on the day at $1,712.

 between September 10 and September 20, the Ethereum blockchain will switch to a proof-of-stake consensus mechanism.

August saw traders place bet on the second-largest cryptocurrency by market cap as a result of the long-awaited update.

Traditional financial markets are growing increasing in other places. As of the time of writing, the Nasdaq 100 composite was up 1% and S&P 500 futures were up 0.78%.