Tether Flips Ether by Market Cap as ETH Routs to $1,510
Ether slid to a yearly low of $1,510. The crash pushed ETH’s market cap below USDt’s steady $186 billion pool, highlighting an aggressive shift toward capital preservation.
Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, used to power transactions and operations across the network. It functions as “gas,” meaning it pays for transaction fees and computational work required to execute smart contracts and decentralized applications. Beyond its utility role, Ether is also widely traded as a digital asset and investment. Its value is closely tied to activity on the Ethereum network, including DeFi, NFTs, and Web3 applications. As Ethereum evolves, Ether remains central to securing and operating the entire ecosystem.
Ether slid to a yearly low of $1,510. The crash pushed ETH’s market cap below USDt’s steady $186 billion pool, highlighting an aggressive shift toward capital preservation.
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