SOTM Jan 25-31, 2024
Welcome to our 157th issue of State of the Market, where we provide an overview of crypto market activity from January 25 - 31, 2024. This week in crypto markets: Celsius emerges from Chapter 11 bankruptcy, with plans to reimburse [...]
Recent
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 [...]
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 [...]