By Coin Metrics|2021-03-03T14:19:23+00:00March 2, 2021|Nate Maddrey, State of the Network|
The market took a downturn last week after bitcoin (BTC) reached as high as $58K. The stock market also sold off as the 10-year Treasury note yield had its highest one-month increase since 2016. As a result of the dual selloffs the [...]
By Coin Metrics|2021-02-26T02:40:23+00:00February 26, 2021|State of the Market|
Another week means another all time high price. Bitcoin continued to push to higher price levels on further momentum and a positive news cycle. Significant events this week included news that Microstrategy had purchased roughly $1B of additional Bitcoin following [...]
By Coin Metrics|2021-02-23T13:20:38+00:00February 23, 2021|Karim Helmy, State of the Network|
Miners are often considered natural sellers of bitcoin (BTC). Their revenue is earned from block rewards and transaction fees which are paid out in BTC. But their costs, like electricity and rent, are paid using fiat currencies. Miners therefore need [...]
By Coin Metrics|2021-02-23T16:22:58+00:00February 22, 2021|Karim Helmy, Original Research|
Miners are frequently blamed for causing dips in the price of Bitcoin. These accusations are often unsubstantiated—worse still, they’re sometimes based on faulty metrics that conflate mining pool payouts with miner spending, ultimately misleading their users. Accurately assessing the degree [...]
By Coin Metrics|2021-02-23T17:58:45+00:00February 18, 2021|State of the Market|
The bull market rages on. The aging euphoria was renewed earlier this month when Tesla announced that they had added $1.5B of Bitcoin to their balance sheet. This news sent the price back over $40k on speculation that other large [...]
By Coin Metrics|2021-02-16T16:34:56+00:00February 16, 2021|Nate Maddrey, State of the Network|
Late last week BNY Mellon, the world’s largest custodian bank with over $2 trillion in assets under management, became the latest institution to announce support for digital currencies.
By Coin Metrics|2021-02-16T16:34:26+00:00February 9, 2021|Nate Maddrey, State of the Network|
Tesla announced a $1.5B purchase of bitcoin on Monday, less than two weeks after Elon Musk added #bitcoin to his Twitter bio. The large buy adds Tesla to the growing list of public companies buying and holding bitcoin (BTC) in their treasuries.
By Coin Metrics|2021-02-05T04:56:18+00:00February 5, 2021|State of the Market|
Another month of records for the asset class with both Bitcoin and Ethereum breaking into new all-time high prices. After a volatile swing at the beginning of the month, Bitcoin broke about $40,000 per coin and briey traded above $42,000 [...]
By Coin Metrics|2021-02-05T13:45:34+00:00February 2, 2021|Nate Maddrey, State of the Network|
The stock market was turned upside down last week. Retail investors organized on Reddit and took over, making a killing off of heavily shorted stocks like GME and AMC while major hedge funds lost billions.
By Coin Metrics|2021-02-05T13:46:25+00:00January 26, 2021|Nate Maddrey, State of the Network|
As bitcoin (BTC) price reaches new all-time highs, renewed rounds of fear, uncertainty, and doubt (aka FUD) have come with it. On January 20th articles began to circulate claiming there had been a Bitcoin double-spend.
