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.


Markets

Market Wrap: Bitcoin Stuck Near $56K, Ether Faces Short-Term Sell Pressure

Prices settled in the mid-$50,000 range for the most of Tuesday.

CoinDesk Bitcoin Price Index

Markets

Market Wrap: Bitcoin Choppy Around $56K, Early Pullback Appears Cooling

Bitcoin on Monday suffered its biggest single-day price decline in more than two weeks, after the fizzing of a retail trader-driven rally over the weekend.

CoinDesk's Bitcoin Price Index

Markets

Market Wrap: Bitcoin's Winning Streak Ends as Prices Struggle to Break Record

Bitcoin is struggling to break above its current all-time high set in mid February.

Bitcoin trading on Coinbase since Feb. 15

Markets

Why the NFT Frenzy Won't Drive Up Prices for Bitcoin Just Yet

The relative sizes of the markets means it's effectively impossible for NFTs to have a price impact on bitcoin. That may change in future.

Details from NFTs. Clockwise from top left: NBA Top Shot, CabitCoveBG, Hackatao, BigComicArt, NooNe and Hashmasks

Markets

Market Wrap: Bitcoin Rallies Near $58K, Stocks Soar to Record Highs

And yet, bitcoin’s trading volume shows no signs of returning to previous high levels.

CoinDesk's Bitcoin Price Index

Markets

Market Wrap: Bitcoin Nears All-Time High As US House Passes $1.9T COVID-19 Relief

Bitcoin is within range of a quick run to the all-time high of $58,332.

CoinDesk Bitcoin Price Index

Markets

Ether Trailing Bitcoin Since CME Futures Launch: Technical Analysis

Did the CME's ether futures launch coincide with a market top, relative to bitcoin? It sure looks like it based on the chart pattern.

CME Group Headquarters (CoinDesk Archives)

Markets

Market Wrap: Bitcoin Gains for Fifth Day, the Longest Streak This Year

Analysts who track price-chart patterns said bitcoin’s climb to about $54,000 could position the largest cryptocurrency for a fresh ascent toward last month’s record price above $58,000.

CoinDesk Bitcoin Price Index

Finance

Crypto Long & Short: Is ETH Coming to Corporate Balance Sheets?

Yes, but ether isn't replacing bitcoin as a reserve asset – it belongs elsewhere.

Oil pump

Markets

Software Firm Meitu Buys $22M of Ether, $17.9M Bitcoin for Its Treasury

Cayman Islands-incorporated Meitu said it bought 15,000 ETH and 379.1 BTC in open market transactions on March 5.

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