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 Hits $10.4K; Ether Balances on Exchanges Fall to 7-Month Low

Bitcoin price trended upward before losing some steam while ether is moving off centralized exchanges.

CoinDesk 20 Bitcoin Price Index

Markets

Ether Traders May Be Hedging Against DeFi Slowdown: Analyst

Some are calling the white-hot Defi space a bubble that is unsustainable.

(Javier Crespo/Shutterstock)

Markets

Market Wrap: Bitcoin Makes Headway to $10.3K; Ether Volatility Highest Since May

Bitcoin is making some modest price gains while the ether roller coaster gathers more steam.

CoinDesk 20 Bitcoin Price Index

Markets

Market Wrap: Bitcoin Hangs Around $10K; Locked DeFi Value Drops

Bitcoin price saw little action on Tuesday. Meanwhile, the value of crypto locked in DeFi has gone down for the first time.

CoinDesk 20 Bitcoin Price Index

Markets

Market Wrap: Bitcoin Tumbles to $9.8K; Investors Continue Plowing Crypto Into DeFi

Bitcoin price took another dive while DeFi is still looking mighty attractive to investors.

CoinDesk 20 Bitcoin Price Index

Markets

Market Wrap: Bitcoin Tanks to $10.4K; ETH Market Dominance at 2020 High

Bitcoin’s price is dipping while ether’s share of the crypto market is at a level not seen since 2018.

CoinDesk 20 Bitcoin Price Index

Markets

3 Reasons Bitcoin Just Tanked Below $11K for First Time in a Month

Cryptocurrency analysts attributed the drop to a combination of risk-off sentiment in traditional markets, DeFi exhaustion and miner selling.

Bitcoin price chart versus ether and the S&P 500. (TradingView)

Markets

Market Wrap: Bitcoin Falls to $11.1K; Ethereum Miners at Record Fee Percentage

The bitcoin market went bearish as the price dipped while DeFi fees as a percentage of revenue for Ethereum miners is at an all-time high.

CoinDesk 20 Bitcoin Price Index

Markets

Open Positions in Deribit’s Ether Options Hit Record High Above $500M

Ether option contracts listed on Deribit, the largest crypto options exchange, are more popular than ever.

skew_total_eth_options_open_interest

Markets

Bitcoin Price Drops 4% After Latest Rejection at $12K Resistance

Bitcoin fell by $400 Wednesday morning, having failed once more to move above a long-held resistance level.

coindesk-BTC-chart-2020-09-02