SOTM Jan 11-17, 2024
Welcome to our 155th issue of State of the Market, where we provide an overview of crypto market activity from January 11 - 17, 2024. Bitcoin spot ETFs see an aggregate $900M+ in net inflows, even when including a ~$500M outflow from [...]
Recent
SOTM December 24-29, 2021
We end the year on a less enthusiastic note as Bitcoin and Ethereum pull back once more as traders unwind their 1231 futures position and investors look to lock in gains. The broader equity markets continue to push to all [...]
SOTM December 16-23, 2021
The markets hung on this past week and tested support as we moved closer to the holiday break for traditional markets. Bitcoin remains priced around $50k and Ethereum just north of $4,000. A notable project climbing up the ranks this [...]
SOTM December 9-15, 2021
The crypto markets showed renewed signs of life following the Federal Reserve's decision on Wednesday. The central bank projected expectations for three interest rate increases next year, but the tone was received as less aggressive than the market had priced [...]
SOTM December 2-8, 2021
Risk may be back on in the equity markets but this past week the crypto markets felt heavy. A down day across equities on Friday was followed by a swift pullback in crypto with a flash crash early Saturday morning. [...]
SOTM November 25-December 1, 2021
Last Friday we saw broader market volatility following the selloff in the equity markets, ending in the worst day for the Dow all year (down about 2.5%). The overall sentiment has been a risk-off rotation following fears of the Omicron [...]
SOTM November 11-17, 2021
The broader market pulled back this week as we came off of last week's all-time-highs. At the time of writing, Bitcoin is back around $58k, over $10,000 from the high; Ethereum trades around $4,000, roughly $850 off its high. Open [...]
SOTM November 4-10, 2021
Another week of all-time-highs with plenty of dynamic market activity to keep things interesting. Bitcoin reached a high of $69,000 this week following a release of inflation numbers, showing the U.S. hitting a three-decade high in October with price increases [...]
SOTM October 28-November 3, 2021
The market continues to melt-up. While Bitcoin remained trading in a relatively flat range, Ethereum and other layer 1s marched to all-time highs. Notably Solana is up 32.3% over the past week and has broken into the top 5 by [...]
SOTM October 21-27, 2021
The momentum has cooled down a bit as we move away from the ETF listing. Bitcoin retraced a portion of last week's gains. The steady increase in open interest across the futures was reduced after a swift pull back in [...]