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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: Altcoins Outperform as Ether Rises Toward $4K
Bitcoin was down about 2%, while ether was roughly flat over the past 24 hours compared with a 4% rise in SOL and a 7% rise in LUNA.
Solana Leads Gains as Cryptos Recover on Fed Decision
Measures to curb financial stimulus buoyed traditional and crypto markets after days of volatility and stagnation.
First Mover Asia: Fed Decision on Stimulus Money Buoys Crypto Markets
Bitcoin leaps over $49,000, while ether and other altcoins also rise.
Bitcoin, Cardano, Ether and Everything Else Are Still Down 99% on CoinMarketCap
A price glitch has since been fixed, but some of the turbulence remains.
First Mover Asia: Crypto Traders Laying Low While Fed Ponders; Bitcoin, Ether Gain
A move by the U.S. central bank to ratchet up interest rates could lead investors away from cryptocurrencies, which are considered riskier investments.
Bitcoin Struggles to Break $47K as Fed Meeting Looms
Cryptocurrency investors may be moving to take risk off the table, with the Federal Reserve expected to accelerate withdrawal of its unprecedented monetary stimulus in the face of fast-rising inflation.
Ether Breaks Short-Term Bullish Trendline; Support Below $3.3K
The broader outlook remains constructive, one analyst said.
First Mover Asia: Bitcoin, Ether Tumble Ahead of Federal Reserve Meeting
An expected interest rate hike could spook investors away from higher-risk assets; the top 20 altcoins by market capitalization were firmly in the red.
First Mover Asia: Bitcoin Bounces Above $50K Amid Light Weekend Trading, Altcoins Kick Higher
Ether climbs back above $4,100 but the direction of crypto markets at the start of the week remains uncertain.
Alts Find It Tough to Beat Layer 1 King Ethereum
Big investors looking beyond bitcoin may take their first baby steps into ether, which has so far outperformed its layer 1 alternatives. But for how long?
