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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 Declines, on Track for Worst Month Since September
The largest cryptocurrency is down about 10% for the month to date, with the momentum shifting to altcoins.
What Is Driving the Demand for Ether?
Ether is setting new records as demand soars, but what's behind the craze? Matt Weller of Forex.com joins "First Mover" to discuss the crypto market trends, including how DeFi and NFTs are boosting demand for ETH and how bitcoin HODLers are a sign of a bullish market.
As Ether Pushes Ever Higher, Crypto Traders Plot Price in Bitcoin Terms
The implication is the ongoing capital rotation out of bitcoin and into ether is likely to continue over the coming months.
Market Wrap: Bitcoin Stays Near $55K as Ether Hits Brand-New Record Price
Bitcoin’s stagnant market is due to investors continuing to explore other cryptocurrencies, says one trader.
What’s Driving Ether to Record Highs?
Ether (ETH), the second-largest cryptocurrency by market cap, soared to a new record high on Wednesday. “The Hash” panel suggests the possible reasons driving the price of ETH to new all-time highs and why ether is now garnering investment-research coverage by JPMorgan.
Ether Soars to New All-Time High and JPMorgan Notices
JPMorgan points to better liquidity conditions as reasons behind ETH's outperformance relative to BTC, which could provide a tailwind.
DeFi Pushes ETH Loans at Genesis to New Highs as BTC Rates Drop
ETH loans now make up 27% of Genesis’ loan book, as hedge funds get more comfortable with DeFi.
Market Wrap: Bitcoin Over $55K as Ether Hits New All-Time High
Bitcoin's rise this week comes after a weekend where its price went as low as $47,272.
Ether Hits All-Time High Price Above $2.7K After Rallying 19% in 3 Days
The price move extends the second-largest cryptocurrency's stunning rally this year: It has tripled already in 2021, amid trader enthusiasm over growth in blockchain applications.
