By Coin Metrics|2021-10-15T18:06:16+00:00October 14, 2021|Jon Geenty, State of the Market|
The risk-on sentiment continues this week as we march closer towards potential ETF approval. At the time of writing, Bitcoin trades at $57k in a price range not seen since May. The futures basis spread has started to widen once [...]
By Coin Metrics|2021-10-13T23:24:14+00:00October 13, 2021|Kyle Waters, Nate Maddrey, State of the Network|
In just a little over two weeks, October 31st will mark the 13th anniversary of the release of the Bitcoin white paper in 2008. Although the crypto market is still in its relative youth, crypto market structure is rapidly evolving and developing [...]
By Coin Metrics|2021-10-08T21:55:03+00:00October 7, 2021|Jon Geenty, State of the Market|
Gradually, then suddenly. The Earnest Hemmingway line on bankruptcy applies well to the past week's Bitcoin price action.. After retreating into September's futures expiration and monthly close, Bitcoin began October with a swift move from a range around $42k to [...]
By Coin Metrics|2021-10-05T17:57:51+00:00October 5, 2021|Kyle Waters, Nate Maddrey, State of the Network|
In this special edition of State of the Network we take a data-driven look at crypto’s biggest storylines of Q3, 2021.
By Coin Metrics|2021-10-05T12:35:37+00:00October 5, 2021|Kyle Waters, Nate Maddrey, Original Research|
This special supplementary report features over 30 charts highlighting crypto data trends from Q3 2021. The charts are organized by asset type and divided into the following categories: large cap assets (e.g BTC, ETH, ADA, etc.), decentralized finance (DeFi) assets [...]
By Coin Metrics|2021-10-08T14:22:42+00:00September 30, 2021|Jon Geenty, State of the Market|
The market-wide risk-off sentiment continued this week as we continued to trade the chop. Last Friday, the asset class pulled back swiftly on news that China was banning cryptocurrency for the sixth time in recent memory. This action does follow [...]
By Coin Metrics|2021-10-01T22:25:38+00:00September 28, 2021|Kyle Waters, Nate Maddrey, State of the Network|
Decentralized exchanges (DEXes) have quickly emerged as essential systems to trade crypto assets in the rapidly innovating sector of decentralized finance (DeFi). Powered by the proliferation of new tokens, composable DeFi protocols, and an ever-increasing user base, DEXes are gaining [...]
By Coin Metrics|2021-10-01T22:35:44+00:00September 23, 2021|Jon Geenty, State of the Market|
Volatility picked up this week as we moved in on the futures and options expiration for September. Selling picked up Sunday evening as the S&P futures opened and continued throughout Monday. Financial pundits are connecting the risk-off move to a [...]
By Coin Metrics|2021-09-22T00:42:28+00:00September 22, 2021|Kyle Waters, Nate Maddrey, State of the Network|
The following is adapted from an in-depth, data-driven research report covering the rise of NFTs (https://coinmetrics.io/the-rise-of-nfts/). NFTs have become one of the most vibrant sectors of the burgeoning cryptoeconomy. With thousands of different NFT projects and more launching every day, [...]
By Coin Metrics|2021-09-21T10:53:55+00:00September 16, 2021|Jon Geenty, State of the Market|
Markets remained flat this week following a slight recovery from last week's pullback. Bitcoin currently trades around $48k and Ethereum around $3,600. Significant price action did take place for Solana (SOL), a favorited chain by early VC investors and influencers [...]
