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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: Bitcoin Falls to $11.1K; Ethereum Miners at Record Fee Percentage
The bitcoin market went bearish as the price dipped while DeFi fees as a percentage of revenue for Ethereum miners is at an all-time high.
Open Positions in Deribit’s Ether Options Hit Record High Above $500M
Ether option contracts listed on Deribit, the largest crypto options exchange, are more popular than ever.
Bitcoin Price Drops 4% After Latest Rejection at $12K Resistance
Bitcoin fell by $400 Wednesday morning, having failed once more to move above a long-held resistance level.
Market Wrap: Bitcoin Breaks $12K; Uniswap Crosses $1.5B Locked
Traders are optimistic bitcoin’s price can sustain $12,000 while crypto locked in Uniswap has exploded in the past week.
Ether Price Hits 2-Year High
The two-year high was reached alongside a drop in the number of coins held in exchange addresses.
Market Wrap: Bitcoin Over $11.7K; Uniswap Passes $500M in Daily Volume
Bitcoin’s price jumped to $11,784 while the top decentralized exchange crossed a half-billion dollars in daily trading volume.
Market Wrap: Bitcoin Climbs to $11.5K With Record Amount in DeFi
Bitcoin made gains Friday, both in price and what's locked in DeFi.
Market Wrap: Bitcoin’s Powell-Induced Price Swing; Ethereum Still High on Gas
Bitcoin's price gyrated by over $450 during and after Fed Chair Powell’s comments while Ethereum’s gas congestion continues.
Market Wrap: Bitcoin Braces for $700M in Options to Expire; Record $7B Value Locked in DeFi
Bitcoin price is trending up while crypto keeps flooding into DeFi.
Market Wrap: Bitcoin Dips to $11.1K; Ether Mining Difficulty at Year High
Bitcoin’s price plunged Tuesday while DeFi is giving Ethereum miners more fee revenue, causing difficulty to hit a 2020 record.
