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.

Markets

First Mover Asia: Bitcoin Hovers Around $28,000

ALSO: A crypto investor, entrepreneur and market observer suggests that TradFi may be approaching a tipping point that benefits bitcoin, among other digital currencies, and could shift a large part of the crypto economy to Hong Kong.

By Sam Reynolds, James RubinMar 30, 2023, 9:44 p.m. ET

Decentralized derivatives platforms have a liquidity problem, Sam Reynolds writes. (Unsplash)

Markets

Bevy of Economic Data Barely Stirs Bitcoin, Ether

Bitcoin and ether trade flat on below-average volume after GDP contracts slightly and initial jobless claims exceed expectations.

By Glenn Williams Jr.Mar 30, 2023, 4:32 p.m. ET

Markets

First Mover Asia: Bitcoin Rises Above $28.3K Despite Binance Legal Woes

ALSO: Shaurya Malwa writes that a little-known Ethereum community is rallying behind the Ethereum Goerli test network in the hope that it can help find a way to keep it going.

By Jocelyn Yang, Shaurya MalwaMar 29, 2023, 7:56 p.m. ET

Markets

Low Trading Volumes, Diminishing Liquidity Spur Bitcoin Price Volatility

Bitcoin volumes are below their 20-day moving average for the eighth consecutive day as traders search for the next trading range.

By Glenn Williams Jr.Mar 29, 2023, 4:18 p.m. ET

Videos

Bitcoin Recovers Above Key $28K Level

Bitcoin (BTC) is heading for its best quarter in two years, outperforming ether, gold and the Nasdaq. Bitcoin is "the biggest beneficiary of everything that's going on," said Arca Chief Investment Officer Jeff Dorman. Dorman added that with the recent banking failures, "every single person is now having to re-rank what it means to own something safe."

Mar 29, 2023, 10:45 a.m. ET

Markets

Bitcoin Heads for Best Quarter in 2 Years, Outperforms Ether, Gold, Nasdaq

One observer said poor order book depth is primarily responsible for the rally, while others pointed to the cryptocurrency's sound money appeal and Fed pivot speculation as bigger catalysts.

By Omkar GodboleMar 29, 2023, 5:30 a.m. ET