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Ether
Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, functioning as a fuel for operations within the network. It serves multiple purposes: as a digital currency, it can be bought, sold, and held as an investment; as a utility token, it's used to pay for transaction fees and computational services on the Ethereum network. Ether is integral to running decentralized applications (dApps) and executing smart contracts on Ethereum, providing the necessary resources for these operations. As Ethereum evolves, especially with upgrades like Ethereum 2.0, Ether's role remains central, facilitating not just transactions but also the broader ecosystem of decentralized finance (DeFi) and various blockchain-based applications.
Market Wrap: Bitcoin Trades Flat for a Second Consecutive Day, but Outpaces Traditional Markets
BTC remains range-bound as investors await the latest payrolls data on Friday.
How OPEC’s Oil Production Cuts Could Impact Crypto Miners
Bitcoin, ether, and other major cryptocurrencies traded sideways as investors fretted over new job figures and OPEC oil cuts. Dan Weiskopf, Tidal Financial Group Portfolio Manager, discusses how higher energy prices could impact crypto miners.
First Mover Americas: Bitcoin Stays Close to $20K, Sushi's Token Surges 14%
The latest price moves in crypto markets in context for Oct. 6, 2022.
First Mover Asia: BitMEX Shift From Hong Kong Reflects the Toll of Stringent Covid Policies; Bitcoin Trades Sideways Amid Energy, Employment Concerns
The crypto exchange leased out a full floor of the prestigious Cheung Kong Center in 2018 but now relies increasingly on remote work. BitMEX’s largest office is now in Singapore.
Market Wrap: Crypto Markets Flatten as Latest Employment Data Throws a Setback for Inflation Hawks
Crypto markets remain fretful about any suggestion the economy is not slowing enough to staunch rising prices.
First Mover Americas: Bitcoin Stays Above $20K as US Stock Futures Drop After 2 Days of Big Gains
The latest price moves in crypto markets in context for Oct. 5, 2022.
First Mover Asia: Bitcoin Is Upbeat Above $20K as Investors Grow Optimistic That Steep Rate Hikes Will Soon End; Kim Kardashian and the SEC's Publicity Grab
Crypto and other markets responded favorably to a surprisingly large decline in U.S. job openings, which offer the latest evidence of economic slowing.
Market Wrap: Markets Seem Hopeful the Fed Will Temper Rate Increases That Crushed Prices
Unexpectedly poor data on U.S. job creation spurs speculation the worst of the bear market may be over.
First Mover Americas: Bitcoin Busts Past $20K on Hopes of Fed Pivot
The latest price moves in crypto markets in context for Oct. 4, 2022.
First Mover Asia: Bitcoin Climbs Back Past $19.5K Amid Fresh Hopes for a Fed Retreat; Binance's Failed Plan to Boost the Price of Luna Classic
The largest cryptocurrency by market capitalization and ether both spent much of Monday in the green.
