By Coin Metrics|2021-07-23T12:17:56+00:00July 22, 2021|Jon Geenty, State of the Market|
This week was a tough one as markets tested the lows again. Volume continued to decline across exchanges while Bitcoin briefly traded near $29,000 and Ethereum near $1,700. Both have since recovered slightly as the market rallied leading up to [...]
By Coin Metrics|2021-07-23T12:00:23+00:00July 20, 2021|Kyle Waters, Nate Maddrey, State of the Network|
Google search data is often used to analyze a wide-variety of trends. Although a Google search doesn’t necessarily translate into a crypto purchase, analyzing search data for crypto-related keywords can help shed light on retail interest in a variety of [...]
By Coin Metrics|2021-07-23T12:15:02+00:00July 15, 2021|Jon Geenty, State of the Market|
Volume continued to decline across the markets this week as the summer trading session moves on. Both Bitcoin and Ethereum tested the lows of the ranges that they have been trading in for the last three weeks. The futures’ yields [...]
By Coin Metrics|2021-07-23T11:59:04+00:00July 13, 2021|Nate Maddrey, State of the Network|
After a strong start to the year, the second-quarter of 2021 was headlined by a crypto-wide crash. But despite the crash, many assets finished the quarter in the green. In this special edition of State of the Network we take [...]
By Coin Metrics|2021-07-23T12:11:20+00:00July 8, 2021|Jon Geenty, State of the Market|
6The past week was quiet as a large swath of market participants were out enjoying the summer holiday. Both Bitcoin and Ethereum continued to trade in the ranges between $30 - $35k and $2 - $2.2k, respectively. Notable news events [...]
By Coin Metrics|2021-07-08T22:05:31+00:00July 7, 2021|Nate Maddrey, State of the Network|
Ethereum gas price has dropped down to its lowest levels since March, 2020. While a few months ago average gas price regularly reached 150-200 GWEI, average gas price has decreased to the 15-30 GWEI range since the end of May. Although [...]
By Coin Metrics|2021-07-23T12:11:37+00:00July 1, 2021|Jon Geenty, State of the Market|
Trading activity has been muted over the past week. Trading volumes continue to decline and futures open interest is down to at (depending on asset). Volatility temporarily rose into the expiration of the June futures but has resumed a general [...]
By Coin Metrics|2021-07-02T19:26:16+00:00June 29, 2021|Nate Maddrey, State of the Network|
The crypto markets dropped again this past week after more news of Chinese regulation, including the PBOC telling the country’s major financial institutions to stop facilitating cryptocurrency transactions, and a Huobi derivatives ban. The markets have now been in decline for almost [...]
By Coin Metrics|2021-06-25T00:04:50+00:00June 25, 2021|Jon Geenty, State of the Market|
A tough week for projects and investors in cryptocurrency as the markets fell lower following additional news of stricter regulations from China and related reduction in mining efforts in the region. Hash Rates dropped, effectively reducing the cost to mine [...]
By Coin Metrics|2021-06-24T18:30:02+00:00June 22, 2021|Nate Maddrey, State of the Network|
Weekly Research Focus Analyzing Bitcoin Dominance and the Altcoin Boom By Nate Maddrey and the Coin Metrics Team Bitcoin dominance dropped to under 40% on May 18th, just days before bitcoin (BTC) price crashed to its lowest levels since January. Bitcoin dominance is a [...]
