By Coin Metrics|2022-06-30T00:20:31-04:00June 28, 2022|Kyle Waters, Nate Maddrey, Parker Merritt, State of the Network|
In last week’s State of the Network we noted that the most active Bitcoin miners have likely been moving around their coins amid increased BTC price volatility. This week, we take a closer look at mining data as a hectic quarter in the crypto [...]
By Coin Metrics|2022-06-23T18:14:43-04:00June 22, 2022|Parker Merritt, State of the Market|
The liquidation cascade has swelled into a tsunami as crypto firms nervously eye even their most credible counterparties. As the full extent of the Three Arrows Capital insolvency continues to unfurl, the fund’s creditors have scrambled to secure financing, providing [...]
By Coin Metrics|2022-06-30T00:13:34-04:00June 22, 2022|Kyle Waters, Nate Maddrey, Parker Merritt, State of the Network|
This week’s State of the Network adds to our “Following Flows” series of research devoted to understanding miners’ blockchain activity. Bitcoin mining has undergone many changes over the years as the rewards for mining have grown. What started out as a [...]
By Coin Metrics|2022-06-16T13:34:17-04:00June 15, 2022|Parker Merritt, State of the Market|
The crypto rumor mill is churning with accusations of insolvency as leverage begins to unwind across the ecosystem. Second-order effects of the TerraUSD collapse are quickly setting in, with notable crypto lender Celsius Network on the brink of foreclosure after [...]
By Coin Metrics|2022-06-16T14:17:46-04:00June 14, 2022|Kyle Waters, Lucas Nuzzi, Nate Maddrey, State of the Network|
Late Sunday night (ET), the Celsius Network, one of the largest crypto asset lenders, dampened the mood on an already fragile crypto market with news that it was pausing all withdrawals, swaps, and transfers of crypto assets for user accounts on the [...]
By Coin Metrics|2022-06-09T14:59:24-04:00June 8, 2022|Parker Merritt, State of the Market|
Hawkishness is back in vogue as central banks nix stimulus in an effort to curb decades-high inflation. On the heels of rate hikes from Australia, Canada, and the U.S., the European Central Bank has joined the tightening team, confirming they'd [...]
By Coin Metrics|2022-06-09T20:06:05-04:00June 7, 2022|Kyle Waters, Nate Maddrey, State of the Network|
May 2022 was a month full of changes in the crypto market. Amid the volatility, crypto exchanges experienced a big uptick in trading volume. In this week’s State of the Network, we take a look at some recent crypto trading [...]
By Coin Metrics|2022-06-01T10:43:55-04:00June 1, 2022|Kyle Waters, Nate Maddrey, State of the Network|
State of the Network just turned three years old! Bitcoin, Ethereum, and the rest of the crypto ecosystem has grown a lot since our first issue. In a special edition to celebrate 3 years of State of the Network we’ve [...]
By Coin Metrics|2022-06-09T14:56:33-04:00June 1, 2022|Parker Merritt, State of the Market|
Crypto markets are struggling to regain composure as Bitcoin staggers around the $30K level. This week was characterized by more chop, with the correlation between cryptoassets and traditional finance on a slight retreat as the two sectors oscillate between risk-on [...]
By Coin Metrics|2022-05-26T02:20:29-04:00May 25, 2022|Parker Merritt, State of the Market|
Though the crypto slump has reached a state of strained stasis, investors remain wary of the market's downward momentum. For the first time in its history, Bitcoin has formed 8 consecutive red weekly candles, with a 9th negative close quickly [...]
