Parker Merritt is a Solutions Engineer and research contributor at Coin Metrics, where he works closely with clients to cultivate innovative frameworks for analyzing cryptoassets. He also authors the weekly State of the Market newsletter, and specializes in topics such as Bitcoin mining and data visualization. Prior to joining Coin Metrics, he worked in technical sales and studied mechanical engineering at the University of Florida.
SOTM Feb 29-Mar 6, 2024
Welcome to our 162nd issue of State of the Market, where we provide an overview of crypto market activity from February 29 - March 6, 2024. Bitcoin snags a new all-time-high at $69,210, with a record $788M inflow to BlackRock's IBIT ETF buoying buy pressure prior to a -10% correction Marathon Digital [...]
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SOTM June 2-8, 2022
Hawkishness is back in vogue as central banks nix stimulus in an effort to curb decades-high inflation. On the heels [...]
SOTM May 26-June 1, 2022
Crypto markets are struggling to regain composure as Bitcoin staggers around the $30K level. This week was characterized by more [...]
SOTM May 19-25, 2022
Though the crypto slump has reached a state of strained stasis, investors remain wary of the market's downward momentum. For [...]
SOTM May 12-18, 2022
Terra troubles continue to dominate headlines as crypto investors reluctantly recalibrate their risk management techniques. Following a failed campaign to [...]
SOTM May 5-11, 2022
All eyes are on LUNA as the Terra ecosystem implodes in what many pundits are dubbing crypto's 'Lehman Brothers' moment. [...]
SOTM April 28-May 4, 2022
Institutions appear irritated as the cryptocurrency industry continues to encroach on traditional financial moats. On Wednesday, the IMF declared doubts [...]
SOTM April 21-27, 2022
Despite the humdrum price action, this week brought about a barrage of major crypto industry developments. On Tuesday, Fidelity Investments [...]
SOTM April 14-20, 2022
With spot volumes slipping and volatility continuing to crater, crypto markets have remained relatively muted, extending Bitcoin's trend of consolidation [...]
SOTM April 7-13, 2022
Historic resistance levels have begrudgingly flipped into support as BTC and ETH walk the tightrope near $40K and $3K. On [...]