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 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 [...]
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 [...]