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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's Price Retreats Along With Stocks
Risky assets fall as Germany reports inflation at a 50-year high.
First Mover Americas: Bitcoin Holds $20K Level; Altcoins Recover as Market Sentiment Improves
The latest price moves in crypto markets in context for Aug. 30, 2022.
Ether, Bitcoin Could See Turbulence as Open Interest Leverage Ratio Soars to Record High
"The rising ratio indicates open interest is outpacing market size and increases the risk of volatility," one researcher said.
First Mover Asia: Taipei Blockchain Week Imperiled by Government’s COVID-19 Quarantine; Bitcoin Rebounds Above $20K
Taipei Blockchain Week organizers are exploring the use of residency visas for potential attendees and are optimistic they will hold a successful event; ether climbs to about $1.5K.
Market Wrap: Bitcoin and Ether Rebound Halts 3-Day Losing Streak
The cryptocurrencies rise even as stocks decline.
First Mover Americas: Bitcoin Bounces to $20K as Dollar Recedes From 20-Year High; Equity Futures Slide
The latest price moves in crypto markets in context for Aug. 29, 2022.
First Mover Asia: Bitcoin Falls to $19.6K as Investors Continue to Mull Fed Chair's Comments
Ether and other major altcoins are down in weekend trading.
Market Wrap: Bitcoin Slumps to Lowest Level in Over a Month After Powell Affirms Hawkish Monetary Policy
The first cryptocurrency dipped 4.3% to around $20,549, its lowest point since July 16, after the head of the U.S. central bank said the Fed would maintain its restrictive monetary course.
Ether May Continue to Lose Momentum Until Merge Is Completed, BofA Says
Investors want more clarity around The Merge and its implications, the bank told clients in a research note.
First Mover Americas: Bitcoin in Stasis Ahead of Powell Speech; Coinbase's cbETH Trades At Discount to Ether
The latest price moves in crypto markets in context for Aug. 26, 2022.
