Ether

CoinDesk placeholder image

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.

Read less...

SpaceX and Tesla CEO Elon Musk
Elon Musk Says SpaceX Holds Bitcoin at 'B Word' Conference
The tech entrepreneur and provocateur said he personally owns bitcoin, ether and, naturally, dogecoin.
SpaceX and Tesla CEO Elon Musk

Bear
Ether Falls Toward $1.7K as Bitcoin's Price Drop Weighs on Broader Market
One analyst said markets priced in Ethereum's impending EIP upgrade earlier this year.
Bear

bitcoin price from July 13 to July 14
Market Wrap: Bitcoin Flat; Fed’s Powell Grilled on Crypto
The Federal Reserve chief signaled the U.S. central bank isn’t likely to dial back monetary stimulus anytime soon.
bitcoin price from July 13 to July 14

ether charts
Ether Erases Early Losses, Faces Resistance Above $2K
"We would add exposure if ether can confirm a breakout above its 50-day MA," one chart analyst said.
ether charts

CoinDesk placeholder image
BlockFi Rate Cut on Bitcoin Deposits Leaves Rivals Scratching Heads
The decision was made based on "changing market conditions."
CoinDesk placeholder image

Ether gas fees have come down to a six-month low.
Ethereum Gas Fees at 6-Month Low as Market Cools, Layer 2 Solutions Ease Congestion
Ethereum gas fees have abated with decreasing network congestion. Also, there's Flashbots.
Ether gas fees have come down to a six-month low.

Weekly digital asset fund flows
Ethereum Investment Funds Saw Record Outflows of $50M
Net outflows from cryptocurrency funds totaled $44 million for the week ending June 25, marking the fourth consecutive week of redemptions.
Weekly digital asset fund flows

sideline
Bitcoin Investors Sit on Sidelines 'Licking Their Wounds' Despite 15% Bounce Over the Weekend
Weak trading volume points to a lack of institutional and retail interest, according to one expert.
sideline

Bitcoin 24-hour price chart
Market Wrap: Bitcoin in Recovery Mode Ahead of Options Expiry
Bitcoin is recovering from a volatile shakeout. Options expiry has large open interest around $40K.
Bitcoin 24-hour price chart