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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: Traders ‘Whack the Beehive’ as Bitcoin Surges, Then Plunges
Bitcoin’s jump up and right back down is at least partially due to the crypto derivatives markets.
Open Interest in Ether Options Hits Record High on Deribit
Derivative contracts on ether are more popular than ever, as evidenced by record open positions in options listed on the Panama-based derivatives exchange Deribit.
Market Wrap: As Bitcoin Steadies, Oil’s Turmoil Continues
The bitcoin market has nothing on oil’s volatility in 2020.
Ether Leads Bitcoin on Price as Investors Prepare for Staking Arrival
Bitcoin has put in a positive June performance in six out of the last eight years. But Ethereum is drawing new investors with the start of staking due this year.
Market Wrap: Bitcoin Slides, Stocks Tread Water on Trump China Comments
Stocks across Asia and Europe took a dip Friday and so did bitcoin in anticipation of Trump’s comments on “deeply troubling situations” in Hong Kong.
Market Wrap: Short Seller Liquidations Help Push Bitcoin Beyond $9,500
Bitcoin is riding high as short sellers in the crypto derivatives market get squeezed out, triggering automatic buy orders.
Market Wrap: Bullish Traders Push Bitcoin Over $9,100, Returning to Halving Levels
Traders were feeling good about bitcoin’s upward trend and pushed it over $9,100 Wednesday.
Bitcoin News Roundup for May 27, 2020
While the yuan weakens against the U.S. dollar, Coinbase makes an acquisition to grow its institutional trading infrastructure. It's another episode of CoinDesk's the Markets Daily podcast.
Market Wrap: Traders 'Buy the Dip' as Bitcoin Hovers at $9,000
Bitcoin fell for a second day as sentiment grew bearish, though some traders say they’ll buy the dip.
Market Wrap: Bitcoin Rebounds to $9,500 After Scary Sell-Off
Downward bitcoin prices could impact stakeholders more than ever before, including derivatives traders and miners.
