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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.
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).
Bitcoin's Upswing Is Reminiscent of 2019 Bull Revival
The action four years ago coincided with the Fed taking its foot off the tightening pedal. Bitcoin has rallied almost 40% in January, and the Fed plans slower rate increases in coming months.
First Mover Asia: Bitcoin Seesaws Above and Below $23K Again
The largest cryptocurrency has been holding steady near this threshold as investors remain hopeful about inflation and the economy.
Crypto Markets Today: Bitcoin Moves Sideways at $23K
Also: Binance mixed customer funds with B-Token collateral "by mistake." Equities closed mixed.
First Mover Asia: Ether Prices Fall Relative to Bitcoin
The ETH/BTC currency pair has declined 8% since Jan. 11 as the price increase in bitcoin has been more pronounced than ether’s; BTC hovers near $23K in Monday trading.
