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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.
First Mover Asia: Bitcoin Trades Near $47K on Low Volume During Year-End Holidays
The center of the market is still at the expiry of the options contract on Dec. 31.
First Mover Asia: Bitcoin Slumps to Below $48K Ahead of $6B Options Expiry
A total of 129,800 option contracts worth more than $6 billion are set to expire on Friday; ether’s price plummets.
Crypto Futures See $300M in Losses After Spot Market Drops
Nearly 80% of long positions were liquidated over 24 hours, with $90 million in losses on bitcoin futures alone.
First Mover Asia: Bitcoin Continues Its Low-Volume Rally Before Tapering Off
The sovereign supply of bitcoin – total coins held outside of exchange reserves – hit an all-time high, blockchain data firm Glassnode reported; ether falls slightly.
First Mover Asia: Bitcoin’s Price Remains Boxed In Below $51K Over Holiday Weekend
Trading was light across different crypto exchanges on Christmas day and Boxing Day in the U.K.; ether’s price was roughly flat.
First Mover Asia: Santa Claus Rally Sends Bitcoin North of $50K
Ether also sees some holiday cheer; polygon and terra sparkle with record highs.
First Mover Asia: Bitcoin Falls After Edging Toward $50K; Altcoins Rally
Polygon and terra continued as market stars on Wednesday; ether drops slightly.
CME Trades 100K Contracts of Micro Ether Futures in First Two Weeks
The micro ether contracts are off to a slow start compared with early activity in micro bitcoin futures launched on May 3.
First Mover Asia: Asia Bump Sends Bitcoin Over $49K
Selling pressure from Asia appears to be abating, the Hong Kong crypto lender Babel wrote.
Ether Call Demand Signals Anticipation of Year-End Rally
Investors who buy calls are implicitly bullish on the market.
