Contextualizing the week’s crypto market movement
By Coin Metrics|2021-04-06T13:25:49+00:00April 1, 2021|State of the Market|
Volatility dominated trading last week surrounding the expiry of the March futures and options contracts. As traders looked to work out of or roll out positions Bitcoin went through a temporary correction of roughly 10%, falling to nearly $50k from [...]
By Coin Metrics|2021-03-26T17:49:11+00:00March 26, 2021|State of the Market|
The market remained relatively quiet over the past week. No new high for Bitcoin but we did see brief enthusiasm following yet another press release from Tesla stating that you can now purchase a car with Bitcoin and that they [...]
By Coin Metrics|2021-03-18T22:50:57+00:00March 18, 2021|State of the Market|
This weekend marked another all-time high price for Bitcoin, momentarily holding above $61K. However, the move around the opening of the U.S. equity markets on Monday morning left many traders saying that “the weekend was wrong”. Bitcoin continued to retrace [...]
By Coin Metrics|2021-03-11T21:54:47+00:00March 11, 2021|State of the Market|
This week marks a potential turnaround in price action as Bitcoin continued its rally off of the drawdown seen at the end of February. Futures remain elevated with the December contracts at times trading at a premium of around 20% [...]
By Coin Metrics|2021-03-06T16:06:47+00:00March 5, 2021|State of the Market|
This past week was the first time in over four weeks that we did not see a new all-time high for Bitcoin. Uncertainty crept into financial markets following a sharp and swift rise in bond yields last Thursday, Feb. 25th. [...]
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.
