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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 Breaks $12K; Uniswap Crosses $1.5B Locked
Traders are optimistic bitcoin’s price can sustain $12,000 while crypto locked in Uniswap has exploded in the past week.
Ether Price Hits 2-Year High
The two-year high was reached alongside a drop in the number of coins held in exchange addresses.
Market Wrap: Bitcoin Over $11.7K; Uniswap Passes $500M in Daily Volume
Bitcoin’s price jumped to $11,784 while the top decentralized exchange crossed a half-billion dollars in daily trading volume.
Market Wrap: Bitcoin Climbs to $11.5K With Record Amount in DeFi
Bitcoin made gains Friday, both in price and what's locked in DeFi.
Market Wrap: Bitcoin’s Powell-Induced Price Swing; Ethereum Still High on Gas
Bitcoin's price gyrated by over $450 during and after Fed Chair Powell’s comments while Ethereum’s gas congestion continues.
Market Wrap: Bitcoin Braces for $700M in Options to Expire; Record $7B Value Locked in DeFi
Bitcoin price is trending up while crypto keeps flooding into DeFi.
Market Wrap: Bitcoin Dips to $11.1K; Ether Mining Difficulty at Year High
Bitcoin’s price plunged Tuesday while DeFi is giving Ethereum miners more fee revenue, causing difficulty to hit a 2020 record.
First Mover: Ether Price Swings Make Bitcoin Look Tame as DeFi Speculation Spreads
The success of DeFi on the Ethereum blockchain has brought traders more than just congestion and high transaction fees: Volatility in ether prices.
Market Wrap: Bitcoin Hits $11.8K; Ethereum Gas at All-Time High
Many bitcoin stakeholders expect a weak market this week to cap August while DeFi continues to stretch Ethereum’s network.
Ether Volatility Now Highest in Six Months Compared With Bitcoin’s
Investors are pricing more volatility in ether compared to bitcoin. It's yet another consequence of this year's boom in decentralized finance, or DeFi.
