SOTM Aug 24-30, 2023
Welcome to our 136th issue of State of the Market, where we provide an overview of crypto market activity from August 24 - 30, 2023. Judges side with Grayscale in their suit against the SEC, overturning the agency's "arbitrary and capricious" rejection [...]
Recent
SOTM August 5-11, 2021
It feels like the bulls are back again. Over the past week the crypto community rallied together to help lobby American Senators to amend the Senate infrastructure bill to reduce cryptocurrency tax reporting requirements. Although the amendment to the bill [...]
STOM July 30-August 4, 2021
Bitcoin and Ethereum price action diverged over the past week. Bitcoin continued to pull back from last week’s highs and is currently sitting below the $40k milestone in a range around $38k. This followed SEC Chair Gary Gensler’s comments at [...]
SOTM JULY 22-29, 2021
We have upward momentum once again. The asset class has seen broad week over week gains for the first week since May. Bitcoin now sits around $40k after a large move following the CME open on Sunday evening. Within a [...]
SOTM July 15-21, 2021
This week was a tough one as markets tested the lows again. Volume continued to decline across exchanges while Bitcoin briefly traded near $29,000 and Ethereum near $1,700. Both have since recovered slightly as the market rallied leading up to [...]
SOTM July 8-14, 2021
Volume continued to decline across the markets this week as the summer trading session moves on. Both Bitcoin and Ethereum tested the lows of the ranges that they have been trading in for the last three weeks. The futures’ yields [...]
SOTM JULY 1-7, 2021
6The past week was quiet as a large swath of market participants were out enjoying the summer holiday. Both Bitcoin and Ethereum continued to trade in the ranges between $30 - $35k and $2 - $2.2k, respectively. Notable news events [...]
SOTM Jun 24-30, 2021
Trading activity has been muted over the past week. Trading volumes continue to decline and futures open interest is down to at (depending on asset). Volatility temporarily rose into the expiration of the June futures but has resumed a general [...]
SOTM Jun 17-23, 2021
A tough week for projects and investors in cryptocurrency as the markets fell lower following additional news of stricter regulations from China and related reduction in mining efforts in the region. Hash Rates dropped, effectively reducing the cost to mine [...]
SOTM JUN 10-16, 2021
Trade the chop. The past week was a fairly quiet period for an asset class synonymous with volatility. Bitcoin and Ethereum both remained rangebound trading between the highs and lows of the last few weeks. Open interest for Bitcoin began [...]