Contextualizing the week’s crypto market movement
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|2021-02-23T17:58:45+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|2021-02-05T04:56:18+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|2021-02-05T05:00:04+00:00January 6, 2021|State of the Market|
December 2020 will go down in the record books as a breakout month for cryptocurrencies. Bitcoin broke all time highs at over $29k, more than $10k over the prior high set in December 2017. Ethereum's performance followed Bitcoin but has [...]
By Coin Metrics|2021-02-05T05:05:39+00:00December 3, 2020|State of the Market|
November was a strong month across the board for the top cryptocurrencies as most large caps saw double digit 30-day percentage increases, with Bitcoin (BTC) increasing 40% and Ethereum (ETH) increasing 54% on the month.
By Coin Metrics|2021-02-05T05:03:17+00:00November 3, 2020|State of the Market|
Almost as quickly as it began, the Decentralized Finance (DeFi) mania subsided in October. With enthusiasm for DeFi waning, many DeFi assets saw losses for the month. That said, Ethereum (ETH) activity continued its hot streak, with ETH active addresses [...]
By Coin Metrics|2021-02-05T05:04:33+00:00October 7, 2020|State of the Market|
After months of positive growth for large cap crypto assets, most saw declines in early September. Bitcoin fell back to its early summer level, only to regain some ground in the back half of the month to close out September [...]
