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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.
Why Are Crypto Markets Pulling Back?
Bitcoin, ether, and the wider crypto markets continue their recent downward trend, but what's behind the dip? Fairlead Strategies Technical Analyst Katie Stockton shares insights into the key support and resistance levels to watch for signs of a bullish breakout, along with short-term and long-term price targets.
First Mover Asia: Bitcoin Drops to $56.5K After Brief Rally; Ether Also Falls
Crypto and equity markets rose in early trading after the news that U.S. President Joe Biden had reappointed Jerome Powell as chair of the Federal Reserve.
First Mover Asia: Bitcoin Continues Drift Below $60K as Investors Eye Shoppers’ Inflation Response, Biden Fed Chair Pick
Trading activity could be light in the coming week because of the U.S. Thanksgiving holiday; ether holds steady above $4,300.
Binance Fully Integrates Ethereum Scaler Arbitrum One
Users can now deposit ether to their Binance accounts via Arbitrum One.
Market Wrap: Cryptocurrencies Slide as Buyers Stick to the Sidelines
Traders are in no hurry to buy given regulatory concerns and muted volume.
TIME Magazine to Hold ETH on Balance Sheet as Part of Galaxy Digital Metaverse Deal
The publication is rolling out a “TIME 100 Companies” list for the metaverse and a weekly newsletter as part of the partnership.
Institutions Snap Up Ether $5K Call, Bitcoin Risks Double Top as RBA Official Warns of FOMO Meltdown
Bitcoin appears exhausted, having failed to chart a convincing breakout beyond April highs for almost four weeks.
MyEtherWallet Allows Users to Mint Ethereum Blocks as NFTs
MyEtherWallet (MEW), a wallet and interface for participating in the Ethereum network, has launched its first NFT collection that tokenizes individual blocks on the Ethereum blockchain. COO Brian Norton discusses ETH blocks, NFTs, and the possible factors moving ether’s price as the cryptocurrency is nursing more than a 3% loss at press time.
Genesis Volatility CEO on Crypto Markets Tumbling as Twitter CFO Rules Out Crypto Investment
Bitcoin, ether, and other major coins face selling pressure as anti-crypto comments from Twitter’s chief financial officer (CFO) soured the market mood. Greg Magadini, co-founder and CEO of crypto options analytics platform Genesis Volatility, discusses what he sees as bitcoin’s trajectory and trends in the options market.