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.


Markets

Ether Breaks $1.6K on Merge Hype, Crypto Funds Price in July Rate Hike

QCP Capital expects the Fed will raise rates by 75 basis points next week.

ETH outperformed BTC Monday morning, picking up momentum in advance of the network's upcoming "Merge." (Lance Grandahl/Unsplash)

Markets

First Mover Asia: Does Tesla Really Believe in Bitcoin?; Altcoins Rise in Thursday Trading

The electric car maker became a proxy for investors looking to take a position in the cryptocurrency without buying it directly, but its recent jettisoning of $936 million of BTC suggests the company wasn’t all that committed to the asset.

Tesla sold over $900 million in bitcoin during its second quarter. (Blomst/Pixabay)

Markets

Market Wrap: Bitcoin Stalls at $23K but Sits Above Cost for Average Investor’s Purchase Price

Bitcoin investors are back in positive territory, although trading ranges have narrowed.

Bitcoin declined 2.9% after an 11% increase over the previous seven trading days. (CoinDesk and Highcharts.com)

Markets

First Mover Americas: ECB (Finally) Exits Negative Rates as Bitcoin Digests Tesla Sales

The latest price moves in crypto markets in context for July 21, 2022.

The European Central Bank (ECB) raised borrowing costs for the first time in 11 years. (Ronald Wittek - Pool/Getty Images)

Markets

First Mover Asia: Bitcoin Stalls as Contagion Hits Zipmex, Vauld. Will Ethereum's Merge Fix This?

Bitcoin is having its best week since March, but with the Federal Reserve still in inflation-fighting mode it seems like the only thing that can really get traders juiced up is the upcoming Ethereum Merge.

Zipmex is the latest casualty of this year's crypto contagion. (Unsplash)

Markets

Market Wrap: Bitcoin Climbs Closer to 50-Day Simple Moving Average

Some analysts believe BTC’s consolidation above the SMA could propel the cryptocurrency’s recovery.

BTC pushed to a one-month high of $24,265 and is attempting to climb above its 50-day simple moving average. (CoinDesk and Highcharts.com)

Markets

First Mover Americas: Bitcoin Nears $24K as Zipmex Suspends Withdrawals

The latest price moves in crypto markets in context for July 20, 2022.

BTC is approaching $24,000, and yet the crypto industry continues to suffer as the exchange Zipmex suspended withdrawals (Gerd Altmann/Pixabay)

Markets

First Mover Asia: Dissecting Three Arrows Capital's Fall; Ethereum Merge Spurs Continued Market Gains

Thanks to the transparency of court documents, the public knows how much the beleaguered crypto hedge fund owes different creditors; ether has risen about 50% over the past week.

Road directional arrows (The Image Bank RF/Getty Images)

Markets

Market Wrap: Bitcoin Breaks Above $23K as Investor Fears Recede

The Crypto Greed & Fear Index climbed to 30, its highest point since April.

BTC climbed above $23,000 and the Crypto Greed & Fear Index moved from "extreme fear" to "fear." (Patrick Hendry/Unsplash)

Markets

Ether quiebra promedio de 50 días por primera vez desde abril mientras bitcoin queda atrás

El rebote de ether por encima del promedio de 50 días puede ser fugaz, dijo una técnica de mercado especializada.

Ether supera su promedio móvil de 50 días por primera vez en tres meses. (PIX1861/Pixabay)