SOTM Aug 17-23, 2023
Welcome to our 135th issue of State of the Market, where we provide an overview of crypto market activity from August 17 - 23, 2023. The number of daily transactions on Coinbase's Layer-2 Base surpasses competing scaling solutions like Arbitrum, Optimism, and [...]
Recent
SOTM JUN 3-9, 2021
The news from El Salvador cured the market’s post-Miami hangover. Earlier in the week Bitcoin tested lows nearing $30,000 after enthusiasts returned home from Miami’s Bitcoin Conference. Shortly after the conference, El Salvador passed legislation adopting Bitcoin as legal tender. [...]
SOTM MAY 27- JUN 6, 2021
Market action was relatively muted over the past week as the saying “sell in May and go away” may have been the case for crypto markets. Both Bitcoin and Ethereum remained trading within the ranges set by the selloff and [...]
SOTM May 20-26, 2021
The selling will continue until morale improves. Over the past seven days we have seen a possible reversal in short term market sentiment as both Bitcoin and Ethereum remain trading at levels slightly above the lows of last week. Open [...]
SOTM May 13-19, 2021
In retrospect, it was inevitable. This past week we saw a pullback in markets, leading to a selloff that brought Bitcoin back down to a low of around $30k. On May 18th alone we saw roughly $8.5B in liquidations. The [...]
SOTM May 6-12, 2021
A week for the history books. Ethereum continued to move higher to another all-time-high price of around $4,350 as alternative blockchain technologies became more mainstream topics of discussion. This followed crypto’s previously beloved Elon Musk appearance hosting SNL, a banner [...]
SOTM April 29 – May 5, 2021
A lot happened in the past week aside from the continued Dogecoin run, despite what most coverage would have you think. Ethereum broke new highs again this week and continues to drift up above $3,500 riding a narrative of DeFi [...]
SOTM April 22-28, 2021
Volatility continued over the past week as we reached a few significant milestones in the market. Bitcoin and Ethereum trading diverged, with Bitcoin retesting lows not seen since early March and Ethereum proceeding to push to new all-time highs. We [...]
SOTM April 15-21, 2021
The market is suffering from a ‘hangover’ following the euphoria surrounding the Coinbase listing earlier this month. During the weekend trading session, a pullback in prices along with thin liquidity lead to a cascade of liquidations in the futures markets [...]
SOTM April 8-14, 2021
The saying “a rising tide lifts all boats” applied to crypto this past week as the Coinbase IPO lifted all coins. The shares were listed on April 14th under the ticker “COIN”, reaching a high of around $429 and closing [...]