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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.
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.
Market Wrap: Here's Why Ether's Price Has Jumped 65% So Far This Year
Ether is outperforming bitcoin in 2020 but has lower liquidity and different technical dynamics than the world’s largest cryptocurrency.
Market Wrap: Bitcoin Stuck in High $9K Range as Stocks Soar on Powell Comments
Bitcoin treaded water in the high $9,000 range Monday as stocks rallied and traders wondered when the cryptocurrency would break five digits again.
Market Wrap: Bitcoin Dips as Stock Markets Close Lower on the Week
Bitcoin attempted to recover from a price dip on Friday as global stock indexes end the week lower.
Market Wrap: Bitcoin's Price Up 12% Since the Halving
Bitcoin has seen double-digit gains in price since the halving. Institutional investors doing more trading in crypto options on CME is a sign of continued interest.
Market Wrap: Some Miners Face an Uncertain Future Despite Rising Bitcoin Price
A slowly rising bitcoin price might not help some miners run profitable operations now that the halving is in the past.
Many Ether Whales Might Be Leaving for Bitcoin: Data
The seven-day average of the number of unique addresses holding 10,000 ethers or more fell to 1,050 on Tuesday. That's the lowest level since January 2019.
Market Wrap: Bitcoin's Price Is Rising Despite a Dull Halving
Based on the rise of daily active bitcoin addresses, the highest number since 2018, interest could continue now that the halving is complete.
