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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: Bitcoin Closes 2020 Near Record Highs
Bitcoin nearly triples its price in 2020 and ends the year close to $29,000, but ether gained 450%.
Market Wrap: Bitcoin Nears $29K While Ether Options Trader Makes Long-Shot Bet
Another day, another all-time high in bitcoin as the cryptocurrency changed hands as high as $28,871.78.
Market Wrap: Bitcoin Down to $26K but Traders Remain Bullish
Bitcoin fell to the $26,000 level after it hit above $28,000 on Sunday, yet markets remain bullish on both retail and institutional interest.
Market Wrap: Bitcoin Hovers Around $27K While ETH/BTC Pair Goes Bullish
Bitcoin takes a break after record price-setting Sunday while some traders are plowing BTC into ETH.
Institutions Will Start Buying Ether in 2021, Messari Analyst Says
CME Group's announcement that it will launch ether (ETH) futures on Feb. 8, 2021, could spur heightened institutional interest.
Market Wrap: Bitcoin Stays in Tight Range but Gains Dominance as XRP Crumbles
With XRP’s sell-off, bitcoin’s dominance increases. However, the derivatives market hints at more volatility ahead for the world's leading cryptocurrency.
Market Wrap: Bitcoin Recovers to Nearly $24K; Ether Rides Bitcoin’s 'Coattails'
Bitcoin recovers from Monday’s small-scale market sell-off to nearly $24,000, and ether follows bitcoin’s positive trend.
Market Wrap: Bitcoin Dumps to $21.9K; ETH 2.0 Affected Ether Locked in DeFi
Bitcoin dipped Monday as some liquidations took hold while Ethereum 2.0 dynamics have influenced the amount of ether locked in DeFi.
Market Wrap: Bitcoin Sits at $22.8K While $10B Locked in Top 5 DeFi Protocols
Bitcoin is taking a breather after a breathless price run while investors seem to be placing trust in major Ethereum-based products for locking crypto.
