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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.
Bitcoin, Ether Lose Ground as Twitter CFO Rules Out Crypto Investment, Dollar Index Hits 16-Month High
Ned Segal’s comments likely provided a reason for traders to take some risk off the table in the wake of the rising dollar and U.S. tax reporting requirement.
Market Wrap: Bitcoin Expected to Rise on Taproot Upgrade
Some analysts expect a price rise as the Bitcoin network receives the most significant upgrade since 2017.
Ether’s Key Metrics Paint Bearish Picture: Santiment
The crypto’s active addresses and trading volumes have diverged from its rising price
Market Wrap: Bitcoin Stabilizes as Traders Prepare for Taproot Upgrade
Analysts expect further upside despite short-term price swings.
Bitcoin Retreats From All-Time High, Ether Follows
The shakeout appeared to coincide with a turn lower in U.S. stock markets.
Sotheby’s to Allow Live Bidding in Ether for Works by Banksy
Auctioneer Oliver Barker will be fielding real-time bids for the famed street artist’s “Trolley Hunters” and “Love Is In The Air.”
Bitcoin Retreats From All-Time High, Ether Follows
Bitcoin is down 5% in the last 24 hours after peaking at an all-time high of around $68,950 Wednesday. Ether also reached an all-time high Wednesday, hitting $4,851, but is down a little over 2% on the day. Rich Rosenblum, co-founder and president of GSR Markets, discusses the potential factors driving lower prices.
Why Is Bitcoin, Ether Breaking All-Time Highs?
Both bitcoin and ether hit new all-time highs Monday night, but what's behind the push? Head of Market Insights at Genesis Global Trading, Noelle Acheson, discusses her take on the potential factors driving prices higher and how this all-time high differs from previous ones. Plus, insights into global buying trends and indicators to watch for short-term movement.
Market Wrap: Bitcoin Outperforms as Traders Prepare for Next Leg Higher
Bitcoin is up about 5% over the past week, compared with a 3% rise in ether over the same period.
