State of the Market is a weekly newsletter contextualizing the week’s crypto market movements with concise commentary from the Coin Metrics team, rich visuals, and timely data.

SOTM March 2-8, 2023
Once hailed as the gateway to mass adoption, institutions have been no silver bullet for crypto’s liquidity woes. After losing

SOTM February 23-March 1, 2023
With regulators refusing to turn the page, crypto companies are taking extra time to get their papers in order. Though

SOTM February 16-22, 2023
The latest Fed minutes left investors second-guessing how long the rate hike cycle would last. The majority of Federal Reserve

SOTM February 9-15, 2023
After months of kicking the regulatory clarity can, Gensler’s SEC is putting their foot down on crypto compliance. Following Thursday’s

SOTM February 2-8, 2023
Crypto’s own “Operation Choke Point” is allegedly under way as the long arm of the law tightens its grip on

SOTM January 26-February 1, 2023
This week the market told the Fed to take a hike, with CME’s Federal Fund futures pricing in a near-99%

SOTM January 19-25, 2023
The Layer-1 era has returned, with base-level blockchains booming amid a mass migration of dApps and NFT projects. Among a

SOTM January 12-18, 2023
Bitcoin spent the week teasing traders with a taste of $20K, as easing inflation & heightened enforcement offered mixed signals

SOTM January 5-11, 2023
Even as Bitcoin eyes $19K and Grayscale’s GBTC discount narrows, many investors are steering clear, anxiously waiting for the last

SOTM December 29-January 4, 2023
Investors were in no mood to celebrate Bitcoin’s 14th birthday, though the ongoing liquidity crunch has been a gift to

SOTM December 22-28, 2022
The weather outside is frightful, with frigid headwinds battering crypto on multiple fronts heading into 2023. As record-setting freezes grip

SOTM December 15-21, 2022
In the depths of crypto winter, FTX executives are home for the holidays. After a brief stint in a Bahamian