SOTM July 6-July 12, 2023
In our 129th issue of State of the Market, we provide an overview of crypto market activity from July 6th - July 12th, 2023. Jacobi Asset Management is launching Europe's first spot Bitcoin exchange-traded fund (ETF), providing financial security and integrity by [...]
Recent
SOTM October 7-13, 2021
The risk-on sentiment continues this week as we march closer towards potential ETF approval. At the time of writing, Bitcoin trades at $57k in a price range not seen since May. The futures basis spread has started to widen once [...]
SOTM September 30-October 6, 2021
Gradually, then suddenly. The Earnest Hemmingway line on bankruptcy applies well to the past week's Bitcoin price action.. After retreating into September's futures expiration and monthly close, Bitcoin began October with a swift move from a range around $42k to [...]
SOTM September 23-29, 2021
The market-wide risk-off sentiment continued this week as we continued to trade the chop. Last Friday, the asset class pulled back swiftly on news that China was banning cryptocurrency for the sixth time in recent memory. This action does follow [...]
SOTM September 16-22, 2021
Volatility picked up this week as we moved in on the futures and options expiration for September. Selling picked up Sunday evening as the S&P futures opened and continued throughout Monday. Financial pundits are connecting the risk-off move to a [...]
SOTM September 9-15, 2021
Markets remained flat this week following a slight recovery from last week's pullback. Bitcoin currently trades around $48k and Ethereum around $3,600. Significant price action did take place for Solana (SOL), a favorited chain by early VC investors and influencers [...]
SOTM September 2-8, 2021
Last week we noted that open interest was once again increasing, and this week a good portion of that was flushed out of the system. After a swift pull back across crypto markets on Monday, with Bitcoin Falling form a [...]
SOTM August 26-September 1, 2021
This time is different; well maybe not. Regulation is looming, Defi summer of 2020 is now NFT summer of 2021, and we are still awaiting the approval of a Bitcoin ETF. Bitcoin and Ethereum prices surged into the August month [...]
SOTM August 19-25, 2021
The chart from the past week resembles the “Bart” pattern which is all too familiar to traders in the space. Bitcoin saw an aggressive rally after the NYC close of the equity markets on Friday that continued through the weekend [...]
SOTM August 12-18, 2021
Both Bitcoin and Ethereum pushed higher this past week with Bitcoin briefly breaching $48,000 and Ethereum reaching around $3,300. Prices have pulled back slightly over the past two days. The move may have been more macroeconomic related than industry specific [...]