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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.
Deflationary Ether Is Underperforming Bitcoin, Here Are 3 Reasons Why
While bitcoin has gained nearly 43% this month, ether has appreciated by 36%.
First Mover Asia: Amazon’s Web3 Foray Will Be a Compliance Nightmare; Bitcoin Tops $23.9K
The retail giant’s initiative, especially in NFTs, may force some regulatory clarity for digital assets. Cryptos surge in Sunday trading.
Crypto Markets Today: Bitcoin Holds Steady Above $23K, White House Urges Congress to 'Step Up' Crypto Regulation
Also: Polygon’s MATIC token gained 8%, while Arbitrum-based decentralized trading platform Vela Exchange's DXP token surged 26%. Equities closed up.
Bitcoin Holds Steady Above $23K as Traders Eye Fed’s Next Meeting
Bitcoin and ether have outperformed equities this year. The FOMC’s decision on interest rates looms large over markets.
First Mover Asia: Cryptos Shrug Off Latest US Productivity, Jobs Data; Bitcoin Hovers at $22.9K
ALSO: Sam Reynolds considers litecoin's strong performance over the past year compared to bitcoin and ether. The first altcoin has been operating largely out of the spotlight.
Crypto Markets Today: Bitcoin Clings to $23K, FTX’s Creditor List Revealed
Also: Ether traded flat above $1,600. Equities closed up after solid GDP data.
Bitcoin Above $23K as US GDP Rose 2.9% In Q4
Bitcoin (BTC) is regaining lost ground to trade over $23,000 again as the U.S. economy grew at an annual rate of 2.9 percent in the fourth quarter. Delphi Digital Markets Associate Jason Pagoulatos discusses the comeback of bitcoin, ether and other major altcoins. Plus, whether the rally is here to stay.
First Mover Asia: Bitcoin Tops $23.7K in Wednesday Comeback
The largest cryptocurrency by market capitalization regained ground lost in a late Tuesday swoon. ALSO: Laguna Labs CEO Stefan Rust discusses Genesis and bitcoin's short-term prospects in a CoinDesk Q&A.
Crypto Markets Today: Layer 1 Blockchain Token Aptos Reaches Record High
Also: Most major cryptos were in the red, but Axie Infinity’s AXS token continued to rally. Equity indexes were flat.
Dogecoin, Ether Lead Crypto Market Slide
The crypto market slid in the past 24 hours as traders likely took profits after weeks of an uptrend, with ether (ETH) and dogecoin (DOGE) leading the slide among major tokens. Prosper Trading Academy Cryptocurrency Educator Howard Greenberg discusses the catalysts for the pullback, the Coindesk Market Index, and the outlook for bitcoin (BTC).
