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.


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Market Wrap: Bitcoin's Price and Ether's Dominance Sit at 2020 Highs

The two biggest cryptocurrencies are hitting 2020 highs, though for different reasons.

Source: CoinDesk 20 Bitcoin Price Index

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Market Wrap: Bitcoin Blasts Past $10,000; Ethereum Fees Up 550% in 2020

Bitcoin is experiencing high volumes, pushing the price close to $11,000. Meanwhile, Ethereum fees are up 550% this year.

Source: CoinDesk 20 Bitcoin Price Index

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Leading Austrian Telecom Provider Adds Cryptocurrencies to Its Cashless Payment Network

A1 Telekom Austria said cryptocurrencies will now be available to use in its cashless payment app, allowing over 2,500 merchants to accept bitcoin, ether and dash.

Vienna, Austria

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Market Wrap: Bitcoin Near $9,600 as Gold Hits High, Uniswap Liquidity Over $100M

Bitcoin is up for the week, gold gets a new high and DeFi keeps growing.

Source: CoinDesk 20 Bitcoin Price Index

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Ether Leaves Bitcoin Behind With 2020 Gain of Over 100%

Ethereum's popularity with DeFi projects has likely led to a triple-digit year-to-date price rise for ether. Bitcoin lags well behind with a 34% gain.

(Maico Amorim/Unsplash)

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Market Wrap: Bitcoin Hits 1-Month High; DeFi Value Locked Hits $3.3B

Bitcoin is making gains, Ethereum’s DeFi value grows. (CoinDesk)

Source: CoinDesk 20 Bitcoin Price Index

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Ether Stalls After 8% Rally as Exchange Inflows Spike

Ether is struggling to extend Wednesday's price rally amid increased inflow of ether onto cryptocurrency exchanges.

coindesk-ETH-chart-2020-07-23

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Market Wrap: Bitcoin Fails to Stay Above $9,400 While Dai Supply Skyrockets

Low volume and volatility continue to plague the bitcoin market but the supply of dai soars.

Source: CoinDesk 20 Bitcoin Price Index

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Open Interest in Ether Options Jumps to New Record High

Data from major exchanges shows that open interest in ether options rose to a new lifetime high of $194 million on Tuesday.

Total ETH Option Open Interest (via Skew)

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Market Wrap: Bitcoin Briefly Pops Above $9,400 as Global Stocks Rally

Bitcoin broke through $9,400 as stock indices around the world make gains.

Source: CoinDesk 20 Bitcoin Price Index