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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 Recovers From Sunday Slump to $56K as Doge Jumps 19%
Volumes on the CoinDesk 20 eight spot BTC venues was over $8 billion for the first time since Feb. 23.
Bitcoin Price Falls $8K to 3-Week Low, Altcoins Crash
Bitcoin nosedived to a three-week low of $52,148 during Sunday's Asian hours.
Market Wrap: Bitcoin Near $62K, Recovers Slowly From Turkey Crypto Payment Ban; Dogecoin Jumps
“The biggest fear for many crypto traders has always been that big governments might impose harsh restrictions on cryptocurrencies,” said one analyst.
Ether Breaks $2,500 for the First Time in Wake of Berlin Fork
The hype around ether is also reflected in the derivatives market.
Tether on Tron Blockchain Hits $24B, Surpassing Ethereum Amid Explosive Stablecoin Demand
The amount of tether on the Tron blockchain has exceeded that on Ethereum.
Market Wrap: Bitcoin Stuck Around $63K as COIN Hype Loses Steam
Also, ether continued to move higher after the Berlin Fork.
Coinbase Pauses ETH Withdrawals After Fork-Related Bug Emerges
An unexpected fork in a variant of Ethereum brought the currency to an unexpected halt Thursday morning. Will Foxley breaks down what happened and what impact the error is having on the Ethereum network. "The Hash" panel discusses whether this is just a one-off bug or just the risk of open-source networks.
Ether Options Market Sees Record Open Interest of $3B
Market activity is surging as the Ethereum blockchain's native cryptocurrency rises to fresh all-time high prices.
Market Wrap: Bitcoin, Ether Near Record Prices as Crypto Market Celebrates Coinbase’s First Trading Day
Also, 98 cryptocurrencies are now valued at more than $1 billion each.
