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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.
Ether, Bitcoin to Strengthen in Coming Weeks, FSInsight Says
The firm’s first upside target for bitcoin is close to $61,000 and then the highs from earlier this year of around $64,860.
Market Wrap: Ether Outperforms Bitcoin as Traders Look to Altcoins
Analysts see strong fundamentals for alternative cryptocurrencies.
Bitcoin Approaching Resistance Near $58K; Support at $50K
Bitcoin and ether continue to rise, with BTC now surpassing $57,000, although the wider crypto markets are seeing slower momentum. Kapil Rathi, co-founder and CEO of institutional trading firm CrossTower, discusses the macro trends he’s continuing to watch, including regulation, China’s crypto crackdown and institutional adoption.
Market Wrap: Bitcoin Ends Week Notching 14% Gain
The largest cryptocurrency by market capitalization also surpassed $1 trillion again this week.
Market Wrap: Bitcoin Dominance Rises as Altcoins Underperform
Bitcoin is outperforming on hopes of a U.S. ETF approval.
Market Wrap: Cryptocurrencies Rally as Short Sellers Exit Positions
The upturn comes despite regulatory risks.
Analysts Turn Negative on Ether as Weekly Chart Tips Bearish
Some price-chart readers see the potential for a steep drop in the next few weeks.
Market Wrap: Bitcoin Stabilizes After China Crypto Ban Sell-Off; Volatility to Remain Elevated
Cryptocurrency trading has calmed, but analysts expect further volatility.
Time’s NFT Launch Sends Gas Fees Spiraling
Time magazine launched a new NFT collection dubbed "TIMEPieces" Thursday, offering "unlimited access" to its website through 2023. All 4,676 tokens, each priced at 0.1 ETH tied to digital artworks, were sold in minutes. But the sale also clogged the Ethereum blockchain, with buyers spending almost four times as much on transaction fees as they did on the NFTs themselves. "The Hash" hosts react, discussing the implications for a historic American institution getting involved in the NFT space.
Institutional Investors Preferring Ether Over Bitcoin Now: JPMorgan
The spread between futures prices and spot prices for the two cryptos is telling, analysts wrote.
