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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 Drops to Near $56K as Spot Trading Volume Remains Low
The oldest cryptocurrency is looking at a price support level around $54,000, with resistance around $60,000.
Market Wrap: Bitcoin Futures Premium Rises Again Despite Bitcoin’s Relatively Flat Performance
Bitcoin traders are increasing their bullish bets in futures markets – and taking more risk.
Market Wrap: Bitcoin Steady Near $59K; Gains in Altcoins Push Crypto Market Cap to $2T
As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year.
XRP Hits Two-Month Price High in Wake of Ether Rally
XRP has completely recouped its losses resulting from the SEC's lawsuit against Ripple Labs late last year.
Ether Price Jumps to All-Time High Near $2,100
Ether is rallying in the wake of Visa's decision to facilitate crypto-based settlements via the Ethereum blockchain.
Market Wrap: Bitcoin Stuck Below $60K; Cardano’s Sixfold 1Q Gains Led CoinDesk 20
$60K is a key psychological level that has also proven a formidable stopping point during this year’s powerful rally.
Market Wrap: Traders Ratchet Up Derivatives Bets as Bitcoin Mounts Rally
Bitcoin's funding rates are rising, a sign traders are willing to take more risk in betting on a fresh rally.
Market Wrap: Bitcoin, Ether Gain After Visa Deal as Stocks Struggle With Archegos Margin Call
The quick recovery to near $58,000 demonstrates stronger confidence from investors in the oldest and largest cryptocurrency.
Ether-Bitcoin Implied Volatility Spread Points to a Macro-Driven Market
Historically, the implied volatility spread has proven a reliable indicator of upcoming shifts in market leadership.
Market Wrap: Bitcoin Steady Near $54K; RSI Indicator Warns of Limited Uptrend
After two days of sell-offs, bitcoin bulls finally returned.
